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July 22, 2024
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Plans are not advice, but benchmarks for you to compare your plans … much!
WTG Marketing Plans: Benchmarks for you to consider,and compare …
January 1, 2013
KFMA Newsletters
farms.
In addition to benchmarking using the whole-farm
information … whole-farm and
enterprise benchmarks can be found at the following …
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 …
November 26, 2024
2018 Farm Bill
Yield
Actual
County Yield
Benchmark
Revenue
Actual
Revenue
2019 … Yield Actual County Yield Benchmark Revenue Actual Revenue … Change in Price % Change in Benchmark Revenue
State: Kansas 2019 ERROR:#REF! 8.1244800000000073 0 3.7 3.7 3.56 64.48 73.319999999999993 238.58 261.02
County: Edwards 2020 ERROR:#REF! 0 0 3.7 3.7 4.53 75.95 98.41 281.02 445.8 0.17788461538461536 0 0.17788582446139645
Commodity: Corn 2021 ERROR:#REF! 0 0 3.7 3.7 6 70.900000000000006 92.87 262.33 557.22 -6.6491112574061845E-2 0 -6.6507721870329509E-2
Irrigation …
November 1, 2012
Animal Well-Being
handling. However, this benchmark exercise indicates that most …
August 28, 2015
Financial Management
1 Highlights prepared from research paper: Quintana‐Ashwell, Nicolas E., and Allen M. Featherstone. "Beyond benchmarks:
DEA study of Kansas Farm Productivity." 2015 Annual Meeting, January 31‐February 3, 2015, Atlanta, Georgia. No. 196857.
Southern Agricultural Economics Association, 2014.
Kansas State University Department Of Agricultural Economics Extension Publication …
August 23, 2011
Financial Management
Individual farms are encouraged to benchmark their
profitability measures …
August 28, 2015
KFMA Research
1 Highlights prepared from research paper: Quintana‐Ashwell, Nicolas E., and Allen M. Featherstone. "Beyond benchmarks:
DEA study of Kansas Farm Productivity." 2015 Annual Meeting, January 31‐February 3, 2015, Atlanta, Georgia. No. 196857.
Southern Agricultural Economics Association, 2014.
Kansas State University Department Of Agricultural Economics Extension Publication …
General Sessions
The revenue loss coverage trigger is 85% of the Benchmark
Revenue.
¨Benchmark Revenue is the product o … Olympic average yield. In establishing the Benchmark Revenue, the
national average prices shall be used (but price may not fall below the
reference prices given above), and the actual planted acre yields shall be
used (but may not fall below 70 percent of the RMA t‐yield).
Title …
December 19, 2017
Farming for the Future Presentations
evaluate performance• Compare with benchmarks and others• Identify strengths and weaknesses• …