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October 1, 2022
2022 Crop Insurance Workshop Presentations
complaints from the general public – Congressional inquiries– … Theft, Fraud, Endangerment of Public Health or Safety• Mismanagement … Post-production, value-added, and market readiness operations may …
January 1, 2011
Land Leasing
Forms
Share Farm Lease
(based on publication NCFMEC-02, Revised 2011)
For … grain hauling, storage, and marketing are … the undersigned, a Notary
Public in said State, personally …
October 1, 2010
Farm Machinery Papers
purchase the
equipment at a market value at the end of the lease … ownership costs, including market depreciation,
interest … ownership
costs including market depreciation, interest, taxes …
June 30, 2016
Commodity Program Papers
ersity Department Of Agricultural Economics Extension Publication 06/30/2016
WRITTEN BY: ART BARNABY … USDA final approved 2015/16 Marketing Year Average
(MYA) price … Kansas State University Department Of Agricultural Economics Extension Publication 06/30/2016
WRITTEN BY: ART BARNABY …
Breakout Sessions
1980. Kent is a Certified Public
Accountant and his experience … marketabilityand lack of marketability
Very complicated issue … tax basis
equal to fair market value on property which
is …
August 28, 2015
Financial Management
ersity Department Of Agricultural Economics Extension Publication 08/28/2015
WRITTEN BY: JEFFERY R. WILLIAMS, G. ART BARNABY, AND RICHARD LLEWELYN … This study examines the effectiveness of a relatively new whole‐farm revenue insurance product,
Adjusted Gross Revenue‐Lite (AGR‐Lite), on net farm income risk for 49 southeast Kansas beef farms using farm‐
level data. AGR‐Lite is whole‐farm revenue insurance, which provides protection against low revenue resulting
from natural disasters causing production losses and commodity market fluctuations that affect revenue. AGR‐
Lite may be used as a stand‐alone product or as an umbrella (wraparound) policy allowing producers to use
AGR‐Lite in conjunction with alternative insurance policies.
…
August 28, 2015
KFMA Research
ersity Department Of Agricultural Economics Extension Publication 08/28/2015
WRITTEN BY: JEFFERY R. WILLIAMS, G. ART BARNABY, AND RICHARD LLEWELYN … This study examines the effectiveness of a relatively new whole‐farm revenue insurance product,
Adjusted Gross Revenue‐Lite (AGR‐Lite), on net farm income risk for 49 southeast Kansas beef farms using farm‐
level data. AGR‐Lite is whole‐farm revenue insurance, which provides protection against low revenue resulting
from natural disasters causing production losses and commodity market fluctuations that affect revenue. AGR‐
Lite may be used as a stand‐alone product or as an umbrella (wraparound) policy allowing producers to use
AGR‐Lite in conjunction with alternative insurance policies.
…
August 30, 2017
Crop Insurance Papers
ersity Department Of Agricultural Economics Extension Publication 08/30/2017
… 1
Margin Protection Crop Insurance Coverage Comes to Kansas
Monte Vandeveer (montev@ksu.edu)
Kansas State University Department of Agricultural Economics ‐ August 2017
A new form of crop insurance coverage is coming to Kansas for the 2018 corn and soybean crops.
USDA’s Risk Management Agency approved an expansion of the Margin Protection plan of coverage for
several additional states, including Kansas. The “margin” being protected here is defined as crop
revenue minus operating costs. This means that MP intends to protect against not only a decline in
crop price or yield (same as current revenue coverage), but also from an increase in operating costs.
MP coverage is a pilot program that was first available in 2016 for corn and soybeans in Iowa, for
spring wheat in the northern Plains, and for rice in the Mississippi valley and Gulf Coast areas, plus a
few counties in California.
MP coverage is an area‐based plan which uses county‐level estimates of yields and input use to
calculate expected crop revenue, operating costs, and the resulting margin. It does not use individual
farm yields or input usage. While it intends to reflect the general experience of most producers in a
county, it may not exactly match the results of any particular individual.
Margin Protection insurance coverage for corn and soybeans actually begins in the fall prior to planting
the following spring. Specifically, the Projected Price Discovery Period for both crops and inputs runs
from August 15 to September 14, with the Sales Closing Date coming on September 30. Once the price
discovery period concludes on September 14, expected revenue, costs, and margin can be determined.
MP works by calculating an expected margin (= expected county yield x projected price – expected
costs) at sign‐up time and then calculating a “trigger margin” by subtracting a margin deductible from
the expected margin. A margin loss occurs when the harvest margin (= harvest price x final county
yield – harvest costs) falls below the trigger margin.
Margin Protection coverage ranges from 70% to 95% of the expected margin – or said another way,
deductibles go from 30% to 5%. These low deductibles are another feature of MP coverage which may
appeal to some producers. The deductible is calculated by multiplying the expected revenue by the
deductible percentage, and that amount is subtracted from the expected margin to get the trigger
margin.
For example, with an expected corn yield of 130 bushels per acre and an expected corn price of $4.00
per bushel, expected revenue is $4.00/bu x 130 bu/a = $520/a. Using the 95% coverage level, the
deductible is $520/a x 5% = $26/a. Assuming expected costs of $280/acre, the expected margin per
acre is $520 ‐ $280 = $240. Subtract the $26 deductible to get the trigger margin: $240 ‐ $26 = $214
per acre. An indemnity payment is made when the harvest margin falls below this trigger level.
Kansas State University Department Of Agricultural Economics Extension Publication 08/30/2017
…
November 21, 2012
USDA METSS Project
0.74
Source: Statistical Research and Information Directorate (SRID), 2006 and FAO.
Because of production’s dependence on increasingly erratic rainfall conditions, total market
conditions for maize tend to follow the direct impact of these rainfall conditions on production.
The situation is exacerbated frequently by the poor or non‐existent post‐harvest management
infrastructure and conditions in the country. The situation is such that even in periods of good
moisture conditions, inefficient storage systems often result in price pressures arising from glut
at harvest time and non‐availability towards the end of the season. …
Breakout Sessions
Analysis by LMIC
Livestock Marketing Information Center
National … Analysis by LMIC
Livestock Marketing Information Center
ERS Projects … Expansion
http://www.ers.usda.gov/publications/oce -usda-agricultural-projections.aspx
Yr-over-Yr …