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          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
 …  
  
      
    
              
          2021 Risk and Profit Conference Recordings    
  
            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
• …