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July 25, 1997
Hedging & Options
not have anactive futures market. This presents a problem
if … commodity in the futures market of a dif-
ferent commodity.
Before … pricing may
better match market plans.
The local cash prices …
Census Acres
Forage15 5,279607
Other Crop16 5,812700
Government Payments17 … Payments17 29,71314,127
Crop Insurance Proceeds18 4,10110,614
Machine … Repairs25 1,430740
Seed/Other Crop Expense26 16,9335,331 …
Business Entity
Forage15 9,20747,650
Other Crop16 31,21417,758
Government … Payments17 31,15332,720
Crop Insurance Proceeds18 139,62710,622
Machine … Repairs25 3,3543,292
Seed/Other Crop Expense26 72,26248,019 …
Business Entity
Forage15 47,5057,883
Other Crop16 21,86128,814
Government … Payments17 80,78381,146
Crop Insurance Proceeds18 20,0919,461
Machine … Repairs25 8,6502,916
Seed/Other Crop Expense26 69,394114,653 …
Business Entity
Forage15 36,4499,707
Other Crop16 47,0909,702
Government … Payments17 30,17729,894
Crop Insurance Proceeds18 20,25225,663
Machine … Repairs25 6,48211,833
Seed/Other Crop Expense26 89,243109,552 …
Net Farm Income-Quartiles
Forage15 11,389126,243
Other Crop16 3,7838,859
Government … Payments17 54,56378,446
Crop Insurance Proceeds18 88,57895,050
Machine … Repairs25 4,5703,973
Seed/Other Crop Expense26 20,81449,749 …
Census Acres
Forage15 13,547644
Other Crop16 3,240
Government Payments17 … Payments17 26,75911,940
Crop Insurance Proceeds18 61,96228,492
Machine … Repairs25 7,9071,239
Seed/Other Crop Expense26 17,4829,172 …
Business Entity
Forage15 6,66226,209
Other Crop16 3,0179,937
Government … Payments17 139,33867,130
Crop Insurance Proceeds18 20,4256,184
Machine … Repairs25 1,1869,296
Seed/Other Crop Expense26 87,90046,657 …
Business Entity
Forage15 54,61447,210
Other Crop16 22,60847,270
Government … Payments17 61,53262,150
Crop Insurance Proceeds18 34,98137,260
Machine … Repairs25 8,3765,997
Seed/Other Crop Expense26 101,107160,148 …
Business Entity
Forage15 96415,559
Other Crop16 21,4661,947
Government … Payments17 69,62338,178
Crop Insurance Proceeds18 24,98731,951
Machine … Repairs25 2,0403,491
Seed/Other Crop Expense26 152,60871,812 …