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or commercially, including hay)
Crop Description
Quantity
(bu … dollars)
Raised feed
(list tons of hay fed, bushels of corn fed … dollars)
Raised feed
(list tons of hay fed, bushels of corn fed …
July 26, 2016
Grain Market Outlook
Trends in Kansas Crop Planted Acres, Production, & Crop Revenues
“How crop acreage, production, and crop revenues have changed for the 2000‐2016 period”
Daniel O’Brien, Extension Agricultural Economist – Kansas State University
July 26, 2016
Summary
Over the year 2000‐2016 time‐period there has been a wide variability and in some cases significant expansion
in planted acres, crop production, and crop production‐related revenues of major Kansas crops. Major
changes have occurred over the 2000‐2016 period in the production of Kansas corn, grain sorghum, wheat and
soybean production and crop‐related revenues. Key grain market factors such as 1) expansion in U.S. ethanol
production, 2) growth in Chinese soybean import demand, 3) seeming distortions and changes in Chinese
feedgrain stockpile policies, and 4) a string of successive record or near record large World and U.S. crops has
impacted grain supply‐demand and ending stocks balances – and especially in 2016 – the market price and
production revenue prospects for these major Kansas crops.
When converted to a common per unit of weigh, it is noteworthy that Kansas production of corn on a crop‐
weight basis is predominant in terms of quantity produced among crops in the state, followed in order of
magnitude production‐wise by wheat, all hay produced and/or grain sorghum, soybeans, cotton, oats, and
sunflower.
Kansas Corn: After achieving high production revenue amounts for Kansas corn in the 2010/11 through
2012/13 marketing years in the range of $2.642 ‐ $2.844 billion dollars, corn revenues have declined as Kansas
corn supplies have increased and prices have subsequently declined over the 2013/14 through projected
2016/17 marketing year period. Projected Kansas corn production revenue of approximately $2.181 billion
from KSU estimates is down 23.6% from the MY 2010/11 high of $2.854 billion.
Kansas Soybeans: After achieving high production revenue amounts in the 2010/11 and 2013/14 marketing
years of $1.613 and $1.677 billion dollars, respectively, soybean revenues have declined as Kansas soybean
prices have fallen over the 2014/15 through projected 2016/17 marketing year period. The projected Kansas
MY 2016/17 soybean production revenue of approximately $1.445 billion is down nearly 14% from the MY
2013/14 high of $1.677 billion.
Kansas Wheat: While planted acres of Kansas wheat have declined over the 2000‐2016 period, Kansas wheat
production has been unchanged‐to‐increasing slightly over the period due to increased wheat yields. With
inflation in wheat prices, actual Kansas wheat revenues have trended higher over the 2000‐2016 period.
However, since year 2010 Kansas wheat production revenues will have trended lower if the KSU projection of
$1.72 billion for MY 2016/17 holds true. Weakening U.S. (including Kansas) wheat exports in recent years
following from several consecutive large World wheat crops are a primary cause of the current “large supply /
low price / low revenue” situation that exists in the U.S. and Kansas wheat farm sector today.
Kansas Grain Sorghum: While planted acres of Kansas grain sorghum have generally declined over the 2000‐
2016 period, they sharply increased over the 2013‐2015 time‐frame. Helped by strong trade demand from
China during the MY 2014/15 through MY 2016/17 period, Kansas and other states’ producers responded by
increasing their grain sorghum acreage and production in response to higher prices and profits. However, with
a recent change in China’s domestic feedgrain stocks management policies is designed to make it easier for
2 | P …
August 1, 2022
Breakout Sessions
2021‐67023‐34928
My Background
Seasonal Change
Summary
• Hay prices and drought in KS•Hay price increases • Feeder/ backgrounding model in KS• … Insurance vs Drought
Kansas Hay Trends
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August 1, 2023
Breakout Sessions
with Cordon Rowley and Jisang YuDrought and Hay Prices
• with Osama Sajid and Ariel Ortiz‐BobeaThe Impact of Extreme Heat on Kansas Farm Income
• … with Sylvanus GakuCash Flow Shocks and Farm Lender Concentration
Drought and Hay Prices: introduction
• … One study showed a weak relationship between precipitation and hay price• Other studies old …
August 1, 2023
2023 Risk and Profit Conference Recordings
with Cordon Rowley and Jisang YuDrought and Hay Prices
• with Osama Sajid and Ariel Ortiz‐BobeaThe Impact of Extreme Heat on Kansas Farm Income
• … with Sylvanus GakuCash Flow Shocks and Farm Lender Concentration
Drought and Hay Prices: introduction
• … One study showed a weak relationship between precipitation and hay price• Other studies old …
October 25, 2018
Risk Management Strategies
policy is on pasture and hay fed on the farm.
Cashhay sales would affect the WFRP … option for insuring an alfalfa hay farm where quality
is extremely … extremely important. Alfalfa hay produced for cash sales or …
February 6, 2023
Ag Law Issues
The landowner needed the hay cut on 107 acres of the over … landowner, could cut the hay when necessary. Thehay was cut on an
annual basis … acres) agriculturally for hay. This lease
agreement began …
or commercially, including hay) Pg 2
Crop Description Quantity Value … dollars)
Raised feed 2.25 tons of hay per year
(list tons ofhay fed, bushels of corn fed … dollars)
Raised feed
(list tons of hay fed, bushels of corn fed …
oats and harvested it as hay or pasture are considered … brome, or similar forages for hay or grazing are in a “gray” … acres converted to grass hay or native grass pasture are …