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October 1, 2018
2018 Ag Lenders Conference Presentations
Mykel TaylorAssociate ProfessorK‐State Dept. of Agricultural Economicsmtaylor@ksu.edu
Current Economic Conditions
Returns to Farming
Source: KFMA Enterprise Reports (http://www.agmanager.info/kfma)
Returns to Farming
Source: KFMA Enterprise Reports (http://www.agmanager.info/kfma)
Returns to Farming
Source: KFMA Enterprise Reports (http://www.agmanager.info/kfma)
‐150
‐100
‐50
0
50
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Retu
rns o
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otal
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NC KFMA Enterprise Analysis
Wheat …
April 3, 2020
Recent Videos
Year
World Stocks
World‐ChinaStocks
World% Stocks/Use
World‐China %Stocks/Use
Key Points re: U.S. Grain Markets
• COVID‐19 Economic Impacts may go “both ways”
– …
2020 Ag Lenders Conference Presentations
f the faculty in the Charles. H. Dyson School of Applied Economics and Management at Cornell University.
Over the next year, I’ll be developing a research, extension, and teaching program in agricultural policy. Expect to hear from me!
Introduction: traditional background
Introduction: nontraditional background
What is nontraditional finance?
“Nontraditional credit suppliers or lenders…are those whose primary contacts with producers historically have been for goods and services other than credit” (Sherrick, Sonka, & Monke, 1994)
Current definition: Lending that is originated outside of the “traditional” local branch‐loan officer model
Other important categories
2 stories about nontraditional finance
Story 1: Evolving agricultural credit markets• …
October 8, 2020
Recent Videos
K-State Department of Ag. Economics
David Schemm, State Executive …
August 1, 2021
Breakout Sessions
Production costs, impact on crop yields, economic returns, compatibility, ma …
August 1, 2021
General Sessions
Derrell Peel, David Anderson, John Anderson, Chris Bastian, Scott Brown, Steve Koontz, & Josh Maples in 2021 https://extension.okstate.edu/fact‐sheets/print‐publications/e/fed‐cattle‐price‐discovery‐issues‐and‐considerations‐e‐1053.pdf
Price Discovery vs Price Level
MANY sound economic reasons fed cattle marketing practices have evolved
…
August 1, 2021
Breakout Sessions
Limited use: WFRP, LGM
•Moderate use: PRF, Annual Forage, LRP
•High use: MPCI
https://agmanager.info/crop‐insurance/crop‐insurance‐
papers‐and‐information/livestock‐insurance‐and‐lrp
Source: USDA Economic Research Service
LGM Summary
• …
2021 Risk and Profit Conference Recordings
Derrell Peel, David Anderson, John Anderson, Chris Bastian, Scott Brown, Steve Koontz, & Josh Maples in 2021 https://extension.okstate.edu/fact‐sheets/print‐publications/e/fed‐cattle‐price‐discovery‐issues‐and‐considerations‐e‐1053.pdf
Price Discovery vs Price Level
MANY sound economic reasons fed cattle marketing practices have evolved
…
August 1, 2021
Breakout Sessions
Limit Bonus Depreciation
Economic Stimulus Act of 2008 $250,000 …
August 26, 2021
“Confusion” & “Increased Interest” correlates with periods of lower farm prices
https://www.beefmagazine.com/mag/beef_understanding_market_prices
Price Discovery vs Price Level
MANY sound economic reasons fed cattle marketing practices have evolved
…