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Breakout Sessions
Training for the Kansas Farm Management Association. Before moving … An Introduction to Farm Payroll
Mark Dikeman
Coordinator of Professional Development & Training
Kansas Farm Management Association
dikemanm@ksu.edu
785‐364‐0590
An Introduction to Farm Payroll
• …
August 1, 2023
General Sessions
KSU‐Feeder Cattle Risk Management Toolhttps://www.agmanager.in … fo/k‐state‐feeder‐cattle‐risk‐management‐tool
C-P-4908/14/23
$183
$256
130
150
170
190
210
230
250
270
JAN … Provide Context & Encouragementhttps://www.agmanager.info/livestock‐meat/meat‐demand
Are we in a recession?
“…committee broadly defines a recession as a significant decline in economic activity spreading across the economy, lasting more than a few months. The committee considers a wide range of indicators…” Federal Reserve Bank, 2009
While NOT a macroeconomist, GT’s take:Regardless of formal definition, and hence official Yes/No scoring of recessions, consumer behavior matters!
Consumer Sentiment Evolves & Matters for Demand
https://maps.semcog.org/EconomicDashboard/chart/bc_cons_sent.html#
Purdue’s Dashboard: Pork Prices ($/lb) Relative to Average Wages ($/hr)
Jan. 2020, 1 …
August 1, 2023
2023 Risk and Profit Conference Recordings
KSU‐Feeder Cattle Risk Management Toolhttps://www.agmanager.in … fo/k‐state‐feeder‐cattle‐risk‐management‐tool
C-P-4908/14/23
$183
$256
130
150
170
190
210
230
250
270
JAN … Provide Context & Encouragementhttps://www.agmanager.info/livestock‐meat/meat‐demand
Are we in a recession?
“…committee broadly defines a recession as a significant decline in economic activity spreading across the economy, lasting more than a few months. The committee considers a wide range of indicators…” Federal Reserve Bank, 2009
While NOT a macroeconomist, GT’s take:Regardless of formal definition, and hence official Yes/No scoring of recessions, consumer behavior matters!
Consumer Sentiment Evolves & Matters for Demand
https://maps.semcog.org/EconomicDashboard/chart/bc_cons_sent.html#
Purdue’s Dashboard: Pork Prices ($/lb) Relative to Average Wages ($/hr)
Jan. 2020, 1 …
August 2, 2022
Recent Videos, Precision Ag and Technology Podcasts and Videos
Service
Mr. Bart Ciastkowski Manager, Applications Engineering …
October 19, 2022
Relative to Average Wages ($/hr)
Jan. 2020, 1hr work =
9.1 lbs ham
8.4 … 5.1 lbs bacon
Aug. 2022, 1 hr work =
7.7 lbs ham
7.6 … ”
http://library.meatingplace.com/publication/frame.php?i=727245&p=72&pn=&ver=html5
Think global
Manage local & focus on things you …
May 1, 2014
2008 Agricultural Resource Management Survey (ARMS).
Beef cow-calf … cowherds
If labor is valued at $8/hr and $16hr
for smallest and largest … enterprise
Source: Kansas Farm Management Association (KFMA) Annual …
October 6, 2017
2017 Ag Lenders Conference Presentations
coverage • Program of Risk Management Agency (USDA)• Started as a pilot program in 2007• … 808,026 4.5
Source: Risk Management Agency, USDA
PRF Insurance: background
• … dollar coverage based on additional cost of pumping needed to obtain ordinary production
Would PRF be a good risk management tool for me?
• How accurately do the PRF indices reflect actual drought in my location?
• …
October 6, 2017
2017 Ag Lenders Conference Presentations
coverage • Program of Risk Management Agency (USDA)• Started as a pilot program in 2007• … 808,026 4.5
Source: Risk Management Agency, USDA
PRF Insurance: background
• … dollar coverage based on additional cost of pumping needed to obtain ordinary production
Would PRF be a good risk management tool for me?
• How accurately do the PRF indices reflect actual drought in my location?
• …
August 1, 2021
Breakout Sessions
Total operating cost per metric ton of ammonia is assumed at $6.95– Includes manager, engineers, and other HR plus water and maintenance• …
February 11, 2022
tock Reports: What, When, Where?Women Managing the Farm ConferenceFebruary 9‐11, 2022/Manhattan, KansasRich LlewelynEmail: rvl@ksu.edu/Phone: 785.532.1504
K‐State Dept. of Agricultural Economics
• … Oakland A’s general manager
• Determined “prices” for things not generally considered “priceable”
– …