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Kansas Farm Management Association
2020
North … Summary
Kansas Farm Management Associations
www.AgManager.info/KFMA … Extension Service
Kansas Farm Management Associations
Executive Director …
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Kansas Farm Management Association
2015
North … PROFITLINK
Summary
Kansas Farm Management Associations
www.AgManager.info/KFMA … Service
Kansas Farm Management Associations
Administrator …
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Kansas Farm Management Association
Northeast
PROFITLINK
Summary
2008
Kansas … Association
Northeast
PROFITLINK
Summary
2008
Kansas Farm Management Associations
www.agmanager.info/kfma
K-MAR-105 … Extension Service
Kansas Farm Management Association, NE
FARM …
February 18, 2013
Risk Management Strategies
Reserved2/18/2013
1Source: Risk Management Agency webpage 2012 Iowa …
May 3, 2016
Grain Market Outlook
Ending Stocks
Page | 10
U.S. Grain Sorghum Seed Use
Projected U.S. seed use by the USDA of approximately 1 mb in “next crop” MY 2016/17 is essentially
unchanged from “current crop” MY 2015/16, nearly equal to U.S. grain sorghum seed use each year since at
least MY 2007/08 (Table 1 and Figures 5‐6). The Scenarios A & B KSU projections for seed use in “next crop”
MY 2016/17 equal those of the USDA at 1 mb.
U.S. Grain Sorghum Exports
The USDA has projected U.S. grain sorghum exports of 200 mb in “next crop” MY 2016/17, down from 315
mb in “current crop” MY 2015/16 (down 10 mb from March). United States’ grain sorghum exports of 315 mb
in “current crop” MY 2015/16 follow the record high of 353 mb in “old crop” MY 2014/15, and are comparable
to 211 mb in MY 2013/14, and 76 mb in MY 2012/13 (Table 1 and Figures 5‐6). The “normal crop” Scenario A
KSU projection for “next crop” MY 2016/17 equals 130 mb – down 70 mb from the USDA – reflecting lower
U.S. sorghum export prospects which are likely to result from the impending change in Chinese corn stockpile
management policies to be implemente …
October 19, 2016
Grain Market Outlook
xtreme weather conditions.
Brazil corn production in “old crop” MY 2015/16 (1st crop harvested in January‐May 2016, 2nd crop harvested
in May‐August) is estimated to be 67.0 mmt, down 18.0 mmt (down 21.2%) from 85.0 mmt in MY 2014/15.
This shortfall in Brazilian corn production in 2016 has provided support for U.S. corn exports and even ethanol
production (via exports). However, expectations of a record large 2016 U.S. corn crop have had a predominant
negative impact on U.S. corn market prices through late summer and early fall. Brazilian corn production is
forecast by the USDA to rebound back to 83.5 mmt in MY 2016/17 (2017 production). Uncertainty about
Brazilian corn production prospects in 2017 could be a major factor impacting U.S. and World corn prices in the
coming spring and summer months of 2017.
China corn production in “new crop” MY 2016/17 (harvested in September‐October 2016) is estimated to be
216.0 mmt, down 8.6 mmt (down 3.8%) from 224.6 mmt in MY 2015/16, but marginally higher than 215.65
mmt in MY 2014/15. A major focus in World corn markets is on the size of Chinese ending stocks and on
recent changes in China’s domestic corn stock management policies. Ending stocks of corn in China are
projected to be 103.7 mmt (45.9% SU) in “new crop” MY 2016/17, down from 110.7 mmt (50.9% S/U) in “old
crop” MY 2015/16, but up from 100.5 mmt (49.7% S/U) in MY 2014/15. Over the last three marketing years,
percent ending stocks‐to‐use of corn for China ranging from 49.7% to 50.9% are the highest since MY 2002/03
(51.6%). During the interim MY 2003/04 to MY 2013/14 period, Chinese corn percent ending stocks‐to‐use
averaged 30.5%, ranging from 25.2% to 39.1%.
…
December 28, 2016
Grain Market Outlook
The recent upward trend in the relative value of the U.S. dollar began in earnest after the dollar index was
valued at 77.5948 in August 2014. This upward trend continued throughout the remainder of 2014 and 2015
to early 2016 – with the index climbing to a high of 95.2896 in January 2016 (up 22.8% from August 2014).
Since then the index has declined moderately, falling to a low of 89.3747 in April 2016, before trending
essentially sideways to an average of 90.0988 in September 2016, while increasing to 91.9193 in October and
93.6646 in November 2016. Due to changes in U.S. Federal Reserve monetary policy and U.S. interest rate
management strategies within the last month, U.S. trade weighted dollar index futures for MARCH 2017
traded up to 103.025 on Friday, December 23, 2016 – near 14 year highs.
96 …
Conservation Reserve Program (CRP)
15.08NET RETURN TO LABOR-MANAGEMENT
NET RETURN TOMANAGEMENT $13.40$2,847.57
$4,356.63 … Enterprise Summary
Kansas Farm Management Association
Annual ProfitLink … 16.47)$26.47$17.86$10.00TOTAL EXPENSE
NET RETURN TO MANAGEMENT $34.85 $18.35 ($3.43) $38.28 …
No-Till Cane Hay-Sudan
53.63NET RETURN TO LABOR-MANAGEMENT
NET RETURN TOMANAGEMENT $23.53$7.96$1,994.62
$19,471.36 … Enterprise Summary
Kansas Farm Management Association
Annual ProfitLink … 53.52)$298.68$248.78$245.16TOTAL EXPENSE
NET RETURN TO MANAGEMENT $31.52 ($62.22) ($154.49 …
Beef Cows Sell Feeders
99.09 $707.76
NET RETURN TO MANAGEMENT ($8,902.19) ($11.21) ($79.63 … depreciation times 8))
KANSAS FARM MANAGEMENT ASSOCIATION
PROFIT CENTER … 227.56) -27%
Net Return to Management / Cow $202.52 $21.96 ($222.44 …