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March 1, 2016
KFMA Newsletters
whole-farm and enterprise level, and utilize those records … this can
help provide some level of certainty to farm, and … with the farm families of Kansas as we seek to help you know …
April 6, 2018
KFMA Newsletters
There is much variability and risk in the agriculture industry. Price variability, weather and yield variability, international
trade issues, changes in technology, changes to the tax code having direct impact on marketing and entity planning
decisions, legal matters, financial management risks, and relationships between business partners and family members.
Farmers make decisions in an uncertain, risky, ever changing environment. How do you manage and make decisions in
the midst of the variability and risk that is before you?
Many of us first think of production and price risk when considering risk management. Production planning and
enterprise diversification of your operation, crop rotation, crop insurance, and hedging and forward contracting are
some of the strategies available as you consider management in these areas. What do you use as a guide in making
these decisions? Regardless of how you manage the finances on your farm, in a period of tight margins and cash flow
constraints, financial management decisions increase in importance for farm managers. There is tremendous variability
between farms, in their financial position and cost structure, and in decision‐making. This variability means there is
room for you to change your situation for the better. However, before you can improve you must know where you
stand. Having a solid set of records, and benchmarking with those records to identify strengths and weaknesses, is the
place to start in developing a risk management plan for your operation. This will allow you to focus your management
efforts and to base your decisions on your information, your resources and your circumstances. As a farm decision
maker, you need to know your cost structure and to explore the markets that are available to you. Don’t rely on what
someone else says it costs to produce the products you raise. Know your costs and use your costs as you make these
decisions. Proactively manage the financial aspects of your farm or ranch. Seek to know and understand your business
better than anyone else. The investment of your time into this process is very important as you seek to manage today’s
environment successfully. Please let us know if we can help you in this process…we would welcome the opportunity!
Kevin
Tax …
April 17, 2024
Recent Videos
Calculation of Landlord Net Income for Property Tax Considerations• Current Situation
CashRent and Landlord Net Income Barton … Landlord Net Income Barton County
$36.50
$40.00 $40.50
$46.50 …
December 1, 2015
KFMA Newsletters
As I write this, there are piles of grain on the ground in many areas of the state, market prices for grain below the cost of
production, uncertainty in the tax laws as we plan for the end of the year, reduced working capital and eroding debt
repayment capacity for many farms... all part of the current agriculture management environment. These are also
reminders to each of us of the importance of careful planning and consideration as management decisions are made.
Those of us working within the KFMA program and in the Agricultural Economics Department greatly appreciate the
efforts of those working on the farms and ranches of Kansas. We are thankful for the …
December 1, 2016
KFMA Newsletters
the farms and ranches of Kansas and are thankful for the … work the farm families of Kansas. We desire to help you to … to anyone to whom you pay cash …
February 8, 2023
Crop Insurance Papers
Kansas State University Department … row crops beyond coverage levels allowed for individual policies … but only pay out based on county-level
revenue or yield shortfalls …
August 1, 2022
Breakout Sessions
ut Costs in 2023:Considerations for Kansas Producers
Jennifer Ifft, Flinchbaugh Agricultural Policy Chair and Associate Professor
2022 KSU Risk and Profit Conference
August 16‐17, 2022
Current economic conditions
https://www.wsj.com/articles/farmers‐feel‐the‐squeeze‐of‐inflation‐11644921180https://www.agriculture.com/markets/analysis/chs‐expects‐price‐volatility‐to‐continue
Farm programs
…….At the hearing, Thompson, who is in line to chair the committee if Republicans win a House majority in the Nov. 8 elections, asked how a margin protection plan for row crops, already in use by dairy farmers, would compare to the current crop subsidy programs, which are triggered by low market prices. The dairy margin program issues payments when feed costs are too close to milk prices.
https://www.agriculture.com/news/business/lawmakers‐mull‐margin‐protection‐permanent‐disaster‐program‐for‐crops
What is margin protection insurance? …
August 1, 2017
Breakout Sessions
2017 Risk and Profit Conference … Agricultural Economics at Kansas
State University. Dr. Taylor’s … extension
positions at both Kansas State University and Washington …
October 13, 2014
Commodity Program Papers
2, 2014 FARM BILL WEBINAR
Q: Our County FSA office will not have … till the middle of October.
Kansas FSA offices will be taking … sure we used a different county as an example back in Feb …
September 19, 2019
Tonsor
Dept. of Ag. Economics, Kansas State University
gtonsor@ksu.edu … Moderating
• +3.8% in 2017, +2.6% in 2018, +1.2% in … Moderating
• +3.8% in 2017, +2.6% in 2018, +1.2% in …