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July 30, 2015
Animal Well-Being
growing concern surrounds how production practices
impact the welfare … cow-calf producers’ current production practices, perceptions of … perceptions of beef cattle
production, they were asked about
their …
January 22, 2018
Farming for the Future Presentations, Grain Marketing Presentations
Market Overview
• U.S. Wheat Production trending lower (to a 15 year … 23
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U.S. Wheat Production & Supplies 30
U.S. Wheat … Stocks-to-Use 37
World Wheat Production Regions 38
World Wheat …
April 19, 2018
Agribusiness Papers
Elimination of the Domestic
Production Activities Deduction or Section … also called the Domestic
Production Activities Deduction (DPAD … domestic manufacturing and production activi-
ties. It also applied …
March 1, 2016
KFMA Newsletters
says it costs to produce the products you raise. You need to keep … measuring and managing all production costs
and having a planned … asset turnover.
Control Production Costs
Farmers have done …
May 23, 2013
Risk Management Strategies
number of indemnity bushels (production), but CAT pays 55% of the …
March 7, 2013
Risk Management Strategies
Also, price risk covers all
production so the enterprise unit will …
May 27, 2013
Risk Management Strategies
based on the NASS estimated
production divided by harvested plus …
July 5, 2016
Grain Market Outlook
USDA Acreage Report on June 30th – Crop Trends in the U.S. & Kansas
Daniel O’Brien – Extension Agricultural Economist, Kansas State University
July 5, 2016
On June 30, 2016 the USDA National Agricultural Statistics Service (NASS) released its 2016 Acreage
report and its June 1st Quarterly Stocks report. Following are the key findings and market implications
in the June 1st Acreage report by major and a selection of other crops in the United States. Analysis of
the June 30th Grain Stocks report will also be published on the KSU www.AgManager.info website.
A. Corn Acreage in the U.S. & Kansas
The USDA projected 2016 U.S. corn planted acreage to be 94.148 million acres (ma) ‐ up 1.389 ma
(+1.5%) from pre‐report trade expectations. Planted acreage of 94.148 ma in 2016 would be the largest
amount since 2013, being up from 87.999 ma planted in 2015, 90.597 ma in 2014, but less than 95.365
ma in 2013, and the record high 97.291 ma in 2012. See Table 1 and Figure 1 below.
The USDA also projected 2016 U.S. corn harvested acreage to be 86.550 ma – up from 80.749 ma in
2015, and from 83.136 ma in 2014 – but less than the record high 87.451 ma in 2013, and 87.365 ma in
the drought year of 2012. Percent harvested‐to‐planted acres is projected to be 91.9% in 2016 in
comparison to 91.8% in 2015 and 2014, 91.7% in 2013, and 89.8% in the drought year of 2012.
Kansas 2016 corn planted acreage is projected by the USDA to be 4.800 ma – up 15.7% from 4.150
ma in 2016 (Table 2). Projected 2016 Kansas corn planted acreage of 4.800 ma was unchanged from the
March 30th USDA Prospective Plantings report, but up 11.6% to 18.5% from Kansas corn plantings in the
range of 4.150‐4.300 ma over the 2013‐2015 period. Similarly, Kansas 2016 corn harvested acreage is
projected to be 4.550 ma – up 16.1% from 3.920 ma in 2015. Kansas corn percent harvested‐to‐planted
acres is projected to be 94.8% in 2016 in comparison to 94.5% in 2015.
Likely Impact on Corn Market Expectations for “New Crop” MY 2016/17
Using the USDA's June 10th World Agricultural Supply and Demand Estimates (WASDE) report
projected 2016 U.S. corn yield of 168.0 bu/ac, U.S. corn production in 2016 would be 14.540 billion
bushels (bb) ‐ up 110 million bushels (mb) from 14.430 bb in the June 10th WASDE. All else being equal
with total corn use of 14.170 bb unchanged from June, the USDA's forecast of ending stocks for “new
crop” MY 2016/17 would also be increased by the same amount up to 2.118 bb, with percent ending
stocks‐to‐use up to 14.9% in the July 12th WASDE report – up from 14.2% in June.
Projected U.S. corn prices for "new crop" 2016/17 may be adjusted marginally lower in the July 12th
WASDE – down approximately $0.05‐$0.10 /bu to a range of $3.15‐$3.75 (midpoint = $3.45 /bu).
2 | P …
May 8, 2017
Risk Management Strategies
1
Grower Options For Insured Wheat Damaged By Late Winter Storm
Monte Vandeveer (montev@ksu.edu)
Kansas State University Department of Agricultural Economics ‐ May 2017
The late winter storm which struck western and central Kansas, along with areas in neighboring states, caused cold‐
weather damage to the crop which was progressing into its later developmental stages. A publication from K‐State’s
Department of Agronomy, “Spring Freeze Injury to Kansas Wheat,” shows how wheat’s resistance to freeze injury
varies with different stages of development, along with the types of injury due to low temperature and their effects
on yield at later stages of plant development.
Another risk faced by growers is the problem of bent or broken stalks, pressed down by a foot or more of heavy wet
snow from the storm. K‐State’s Department of Agronomy issued an e‐Update on May 1 about the severe conditions
across the state and the likelihood of wheat damage. Agronomists advise that it may be several days before the
extent of damage is known in some cases.
Fortunately, most wheat acres in Kansas are insured; in fact, the state typically has over 90 percent of its planted
wheat acres covered by crop insurance. Step 1 after potential damage to the crop is always prompt notification of
one’s insurance agent.
With damage across such a wide area, the next challenge will be to schedule a loss adjustment. Once the adjuster
provides an appraisal, the acres will be released for other use. If a grower disagrees with the appraisal of the
damaged crop, he/she will need to leave intact strips in the field for later harvest and final resolution of the wheat
claim.
What would a complete loss be worth? Assume a producer has a 40‐bushel Actual Production History yield for
insurance, along with the $4.59 Projected Price (determined prior to planting) to get an expected revenue of $183.60
per acre. Combine this with an insurance guarantee level of 75% to get coverage worth $137.70 per acre for a
complete wipe‐out.
In general, insurance rules do permit the planting of a second crop when an insured first crop fails. The Risk
Management Agency indicates the following options are permitted for an insured wheat crop that has failed,
provided it had not already headed out:
…
August 14, 2017
Risk Management Strategies
out the low risk areas of production from the insurance
pool …