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June 12, 2025
Ag Law Issues
and that she had smuggled other pathogens on at least one … ensuring that imported food
meets all entry requirements, including … laws, imported foods must meet U.S. standards for pesticide …
August 18, 2014
Risk Management Strategies
implied by the author or any other party. Each farmer must … Kansas that are expected to meet the 50% county yield loss … is expected it will also meet the 50% test in
2014 (drought …
August 1, 2017
Breakout Sessions
the
daily work routine, other issues could and will change … pertain to land ownership, but other issues would involve the … These materials are designed solely to raise issues and serve as a guideline for the reader’s research. These materials are presented for the purpose of education. Every taxpayer has a distinct set of facts and circumstances that makes it impossible to give solutions other than a general guideline approach.
• …
January 1, 2005
Land Rental
Rates, Leasing Papers
and Presentations, Land Leasing
Forms
lease types have developed to meet the
needs of the modern … for the use of land. For other
farm operations, a crop-share … oral arrangements, while
others are complex, lengthy written …
February 10, 2022
Water Policy
cannot be valued. On the
other hand, when water is abundant … these valuation estimates and other
considerations that were … enough from a single well to meet the full irrigation water …
September 6, 2017
Grain Market Outlook
es to the most recent USDA projections of 264.7 mmt ending
stocks and 35.9% ending stocks‐to‐use projected for “new crop” MY 2017/18. The present “large crop‐over
supply” situation in World and U.S. wheat markets continues to have a prevailing limiting influence on U.S. and
World wheat prices – even with recent drought‐fueled moves higher in the market.
Large Black Sea Crops, Drought in HRS Wheat, & the “World‐Less‐China” Market Situation
There are at least three (3) key factors affecting World wheat markets at this time.
First, Increased production among major Black Sea Region exporters in “new crop” MY 2017/18 is at least
temporarily “crowding out” export trade for other major exporters – including the United States. Combined
wheat production in Russia, Ukraine and Kazakhstan of 118.0 mmt in “new crop” MY 2017/18 is up 3.2% from
114.3 mmt in “old crop” MY 2016/17, and up 15.6% from 102.1 mmt in MY 2015/16.
Wheat production from these three countries amounts to 15.9% of World production in “new crop” MY
2017/18, and 15.1% one year and 13.9% two years ago. In comparison, combined exports from these same
three countries is projected to be 55.0 mmt in “new crop” MY 2017/18 (30.6% of World exports), up from 52.6
mmt a year ago (28.9% of World exports), and 50.3 mmt two years ago (29.3% of World exports).
Second, while there are plentiful aggregate supplies of wheat available in the World market, the available
supply of high protein milling wheat is typically less so. This situation had been exacerbated earlier this year by
drought conditions occurring in U.S. and Canadian Hard Red Spring (HRS) wheat production areas. These
drought conditions had raised the demand and price premiums offered for high protein wheat supplies –
whether they are from hard red winter wheat supplies or elsewhere. However, with recent reports show less
impact of dry conditions on 2017 North American Hard Red Spring Wheat production than expected, wheat
protein premiums declining sharply in recent weeks.
Third, while the aggregate supply of wheat in World markets has grown, the supply of wheat from a
“World‐Less‐China” perspective is projected to have actually “contracted” or “diminished” further in “new
crop” MY 2017/18. “World‐Less‐China” wheat percent stocks‐to‐use have declined to the tightest level since
at least MY 2008/09 when U.S. wheat cash prices averaged $5.70 /bu. It seems likely that this “China supply
isolation factor” eventually will lead to noticeably tighter global supplies of available‐exportable wheat
sometime in the next 1‐2 marketing years – brought on by the inability of buyers to secure needed supplies
without having to bid prices at least moderately higher in export markets.
USDA U.S. Wheat Supply/Demand Forecast for “New Crop” MY 2017/18
The USDA released their wheat production, supply‐demand and price projections for “new crop” MY
2017/18 in the August 10th USDA Crop Production & WASDE reports.
United States’ wheat plantings continue to be projected to be 46.657 million acres (ma) – down from
50.154 ma in “old crop” MY 2016/17 to the lowest level since the early 1900s. Harvested acres are forecast to
be 38.115 ma (83.72% harvested‐to‐planted) – down from 43.890 ma a year ago. The 2017 U.S. average wheat
yield is projected at 45.6 bu/ac (down from 0.6 bu/ac from July), down from the 2016 record of 52.6 bu/acre.
Wheat production in the U.S. in 2017 is forecast to be 1.739 billion bushels (bb), down from 2.310 bb in
2016. Projected “new crop” MY 2017/18 total supplies are 3.074 bb (down from 3.403 bb in “old crop” MY
2016/17), with total use of 2.141 bb (down 5 mb from July, and from 2.219 bb in “old crop” MY 2016/17).
Page | 3
The USDA projected “new crop” MY 2017/18 ending stocks to be 933 million bushels (mb) (vs 1.184 bb a
year ago), with percent ending stocks‐to‐use of 43.6% S/U (vs 53.4% last year and 50.0% the previous year).
United States’ wheat prices are projected to average $4.80 /bu ($4.40‐$5.20 /bu) – up from $3.89 in “old crop”
MY 2016/17, but down from $4.89 /bu in MY 2015/16, and $5.99 /bu in MY 2014/15. It is estimated by
Kansas State University that these USDA projections for “new crop” MY 2016/17 have a 55% probability of
occurring.
Four Alternative KSU U.S. Wheat Supply/Demand Forecast for “New Crop” MY 2017/18
To represent possible alternative outcomes from the USDA’s August 10th projection, four potential KSU‐
Scenarios for U.S. wheat supply‐demand and prices are presented for “new crop” MY 2017/18.
KSU Scenario 1) “Lower U.S. Production” Scenario (25% probability) assumes for “new crop” MY 2017/18
that the following occurs. This scenario assumes that there will be 46.657 ma planted, 83.72% harvested‐to‐
planted, 37.500 ma harvested, 44.0 bu/ac yield, 1.650 bb production, 2.984 bb total supplies, 975 mb exports,
150 mb feed & residual use, 2.141 bb total use, 843 mb ending stocks, 39.37% stocks/use, & $5.20 /bu U.S.
wheat average price.
KSU Scenario 2) “Lower U.S. Wheat Exports” Scenario (10% probability) assumes the following for “new
crop” MY 2017/18: Production of 1.739 bb (same as the USDA), 3.074 bb total supplies, 800 mb exports, 150
mb feed & residual use, 1.966 bb total use, 1.108 bb ending stocks, 56.36% stocks/use, & $3.75 /bu U.S. wheat
average price;
KSU Scenario 3) “Higher U.S. Wheat Exports” Scenario (5% probability) assumes the following for “new
crop” MY 2017/18: Production of 1.739 bb (same as the USDA), 3.074 bb total supplies, 1.200 bb exports, 150
mb feed & residual use, 2.366 bb total use, 708 mb ending stocks, 29.92% stocks/use, & $6.00 /bu U.S. wheat
average price;
KSU Scenario 4) “Wildcard Foreign Events” Scenario (5% probability) assumes the following for “new
crop” MY 2017/18: Production of 1.739 bb (same as the USDA), 3.074 bb total supplies, less than 700 mb
exports, 150 mb feed & residual use, less than 1.800 bb total use, more than 1.300 bb ending stocks, greater
than 65% stocks/use, & less than $3.00 /bu U.S. wheat average price;
…
December 31, 2020
Grain Market Outlook
situations contrast with other marketing years of more “average” … pace of 5.7 mb per week to meet
USDA’s projection of … outcomes for grain sorghum and other grains as well, this corn …
March 1, 2009
Animal Well-Being
Pork Industry Information Meetings
March 23-26, 2009
OverviewOverview
… unseensite unseen’’ meat from other countries be meat fromother countries be
accepted if … production costs accelerate???
Other Critical PointsOther Critical …
May 24, 2011
Leasing Papers
and Presentations
What percentage of the crop should I receive in a crop share lease?
The percentage of the crop that the landowner and tenant receive under a crop
share lease is based on the principle that crop returns are shared in the same
proportion as crop resources contributed. In other words, the percentage of the
crop received is determined by the percentage of crop inputs that the landowner
and tenant each provide in growing the crop(s). These percentages can be
determined by building a budget for each crop grown on the land and then
identifying who provides that input (landowner, tenant, or shared). The KSU‐
Lease.xls spreadsheet is a useful tool in determining equitable crop share
arrangements. Survey information on typical irrigated and non‐irrigated crop‐share
lease arrangements in Kansas is also available on www.AgManager.info.
3 …
September 3, 2017
Section 5: Long-Range Planning (FINLRB)
May have some adjustments due to additional investment
to improve the asset, partial sale, other activity
– Inherited capital assets have initial basis equal to the
value at date of inheritance in most instances
(“stepped up” tax basis)
– … Generally ordinary gain if held less than 24 months (cattle
and horses – 12 months all other livestock)
• If held 24 months or more …