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August 28, 2015 KFMA Research
This study examines the effectiveness of a relatively new whole‐farm revenue insurance product,  Adjusted Gross Revenue‐Lite (AGR‐Lite), on net farm income risk for 49 southeast Kansas beef farms using farm‐ level data.  AGR‐Lite is whole‐farm revenue insurance, which provides protection against low revenue resulting  from natural disasters causing production losses and commodity market fluctuations that affect revenue.  AGR‐ Lite may be used as a stand‐alone product or as an umbrella (wraparound) policy allowing producers to use  AGR‐Lite in conjunction with alternative insurance policies.    …
Detailed Cost - Farm Type
Crop Non-Irrigated 1008 Farms 16431659 Harv … Farms 16431659 Harv Acre Crop AcreCrop Total Livestock TotalTotal … 27,397 16.52 16.68 3,8433,843Crop Mach Repair 3,843 2.32 2.34 1,1351,135Irrigation …
Full-Till Wheat
Number of Farms 12 Crop Acres 1,336 Acres Owned … 6,595.11 Miscellaneous Income 1,076.27 Crop Insurance Proceeds 66,199.33 Total … 5.740.277,673.09 Seed/Other Crop Expense 13.520.6318,063.91 …
Full-Till Wheat
Number of Farms 24 Crop Acres 1,074 Acres Owned … 18,012.21 Miscellaneous Income 2,705.95 Crop Insurance Proceeds 5,866.53 Grain … 7.470.198,022.58 Seed/Other Crop Expense 18.500.4719,867.34 …
No-Till Corn
Number of Farms 13 Crop Acres 375 Acres Owned 57 Acres … 3,994.52 Miscellaneous Income 1.60 Crop Insurance Proceeds 6,725.85 Total … 9.210.113,456.42 Seed/Other Crop Expense 70.380.8326,417.45 …
Irrigated Grain Sorghum
Number of Farms 8 Crop Acres 175 Acres Owned 62 Acres … 6,692.17 Miscellaneous Income 1,103.10 Crop Insurance Proceeds 316.35 Grain … 3.780.04661.08 Seed/Other Crop Expense 31.000.365,422.84 …
Irrigated Soybeans
Number of Farms 5 Crop Acres 206 Acres Owned 51 Acres … 3,230.34 Miscellaneous Income 2,406.81 Crop Insurance Proceeds 106.22 Grain … 0.870.02179.77 Seed/Other Crop Expense 47.421.069,768.54 …
Irrigated Grain Sorghum
Number of Farms 7 Crop Acres 160 Acres Owned 65 Acres … 3,488.53 Miscellaneous Income 1,488.38 Crop Insurance Proceeds 3,549.29 Total … 19.220.233,075.91 Seed/Other Crop Expense 24.210.293,874.66 …
Full-Till Corn
Number of Farms 11 Crop Acres 911 Acres Owned 148 Acres … 1,252.76 Government Payments 2,906.88 Crop Insurance Proceeds 106,021.09 Total … 12.090.1711,016.79 Seed/Other Crop Expense 70.200.9863,958.54 …
Full-Till Wheat
Number of Farms 9 Crop Acres 838 Acres Owned 118 Acres … 980.30 Government Payments 4,391.99 Crop Insurance Proceeds 377.33 Total … 10.960.209,177.80 Seed/Other Crop Expense 22.390.4218,756.26 …