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July 30, 2015
Animal Well-Being
animal sold, while the other half of respondents were … members are no longer just meeting in the grocery store
meat … meat section, they are also meeting at the voting booth. Recently …
September 1, 2012
Compensation
plans
If can not physically meet use technology If can not … technology If can not physically meet—use technology
CommunicationCommunication
… minimize
Cannot be eliminated
Other Employee Management
Considerations
…
September 1, 2012
Management
plans
If can not physically meet use technology If can not … technology If can not physically meet—use technology
CommunicationCommunication
… minimize
Cannot be eliminated
Other Employee Management
Considerations
…
September 3, 2017
Section 5: Long-Range Planning (FINLRB)
Retirement & Medicare: Earned 40 credits
• Disability: Meet definition of disability AND have worked long
enough, and recently enough to qualify
• … Calculate Preliminary AGI: wages, pension dollars,
dividends, realized capital gains, taxable interest from
investments, annuities, rental income and other sources.
Add tax‐exempt interest (if any) plus 50% of Social Security
benefits – …
February 15, 2016
Grain Market Outlook
production problems and
supply prospects in Europe, northwestern Africa, parts of the Black Sea region, south Asia/India, and parts of
Argentina, b) geopolitical conflicts in the Middle East and the Black Sea region that could impact commodity
markets, and c) spillover impacts into grains and other commodities from volatile World economies, and
financial and currency markets. Even so, the “large crop‐over supply” situation currently existing in World and
U.S. wheat markets continues to have a strong negative influence on World wheat prices.
It is likely that significant World wheat production problems and/or trade disruptions would need to occur in
coming weeks and months in order to have wheat prices recover significantly before summer‐2016. Ongoing
strength in the U.S. dollar exchange rate also is a serious negative factor that is limiting U.S. wheat exports and
overall usage, raising U.S. wheat ending stocks and stocks‐to‐use, and causing sharply lower U.S. wheat prices.
USDA U.S. Wheat Forecast for “Current Crop” MY 2015/16: The USDA lowered projected U.S. wheat exports
and raised ending stocks by the same amounts in its supply‐demand forecasts for U.S. wheat in the “current
crop” 2015/16 marketing year – with 2.052 billion bushels (bb) production, 2.924 bb total supplies, 775 million
bushels (mb) of exports (down 25 mb), 1.958 bb of total use (down 25 mb), 966 mb ending stocks (up 25 mb),
and 49.34% ending‐stocks‐to‐use (up from 47.45% in January to the highest level since 48.6% in MY 2009/10).
A price range of $4.90‐$5.10 /bu was forecast by the USDA with a midpoint of $5.00 /bu – the lowest U.S.
wheat marketing year average price since $4.87 /bu in MY 2009/10.
USDA U.S. Wheat Forecast for “Next Crop” MY 2016/17: In their Agricultural Projections to 2025 the USDA
provided a forecast of U.S. wheat supply‐demand for “next crop” 2016/17 marketing year beginning June 1,
2016. The USDA projected 2016 U.S. wheat plantings of 53.0 million acres (ma) – down 1.644 ma from 2015.
Forecast 2016 harvested acres of 44.9 ma would be down 2.194 ma vs 2015. Based on projected 2016 U.S.
wheat yields of 45.9 bu/ac (up from 43.6 bu/ac in 2015), 2016 U.S. wheat production is projected to be 2.060
bb (vs 2.052 bb in 2015), with KSU‐adjusted MY 2016/17 total supplies of 3.151 bb (up from 2.924 bb in
“current crop” MY 2015/16). With “next crop” MY 2016/17 total use of 2.168 bb, and KSU‐adjusted ending
stocks of 983 mb (45.34% S/U), U.S. wheat average prices are projected to be $4.40 /bu – down from $5.00
/bu in “current crop” MY 2015/16.
Page | 2
KSU U.S. Wheat Forecast for “Next Crop” MY 2016/17: Compared to the USDA forecast, Kansas State
University (KSU) forecasts for “next crop” MY 2016/17 are a combination of lower 2016 wheat planted and
harvested acres, trendline yields, lower production and total supplies, lower exports and feed use, higher
ending stocks and percent ending stocks‐to‐use, and even lower prices. The KSU forecast is based on 2016 U.S.
wheat plantings of 50.695 ma – down 3.949 ma from 2015. Forecast 2016 harvested acres of 43.690 ma would
be down 3.404 ma vs 2015. With projected trendline yields of 46.0 bu/ac (nearly equal to the USDA’s 2016
forecast), 2016 U.S. wheat production is projected to be 2.010 bb (down from 2.052 bb in 2015), with MY
2016/17 total supplies equaling 3.101 bb (down 50 mb from the USDA projection).
With forecasts of exports at 850 mb (down 50 mb from USDA but still up from 775 mb in “current crop” MY
2015/16) and feed and residual use of 150 mb (down 75 mb from USDA but equal to “current crop” MY
2015/16), “next crop” MY 2016/17 total use of 2.043 bb is forecast, and projected ending stocks of 1.058 bb
(51.79% S/U). Based on historic price relationships, U.S. wheat prices are projected to be $4.25 /bu – down
$0.25 from the USDA’s projection of $4.40 /bu in “next crop” MY 2016/17, and down from $5.00 /bu in
“current crop” MY 2015/16, $5.99 in MY 2014/15, $6.87 in MY 2013/14, and the record $7.77 in MY 2012/13.
I. U.S. Wheat Market Situation & Outlook
I‐A. February 9, 2016 USDA WASDE Report
On February 9th the USDA World Agricultural Outlook Board (WAOB) released its February 2016 World
Agricultural Supply and Demand Estimates (WASDE) report – with U.S. and World wheat supply‐demand and
price projections for the 2013/14, “old crop” 2014/15, as well as the “new crop” 2015/16 marketing years.
The “new crop” 2015/16 marketing year for U.S. wheat runs from 6/1/2015 through 5/31/2016.
I‐B. CME Kansas Hard Red Winter Wheat MARCH & JULY 2016 Futures
Since a low of $4.51 ¾ on January 4, 2016, MARCH 2016 Chicago Mercantile Exchange (CME)
Kansas hard red winter wheat futures prices traded up to a high of $4.81 ¾ on January 13th, but have
since declined to a close of $4.42 ¼ on Tuesday, February 9th, and $4.42 ½ on Friday, February 12th
before closing at $4.44 ¼ on that same day (Figure 1).
Figure 1. MARCH & JULY 2016 CME Kansas Wheat Futures Price Charts …
October 1, 2008
Macro and Global Economic Perspectives
at $650.50 a year later. Other indexes around the
world … Social Security, Medicare and other entitlement programs.
Bureau … if it meant doing it with other people’s money.
Consider …
February 20, 2019
Grain Marketing Presentations
Outlook
“Lunch & Learn” Meeting, Tonganoxie, Kansas
February … ‘17/18 & 2.294 in ‘15/16)
o Other FSI 2018/19 = 1.465 bln bu … in NE KansasCorn Sales & Other Revenues
2012-2016$/Bu 2012-2016 …
January 3, 2023
Ag Law Issues
and wetlands adjacent to other jurisdictional waters. In … impoundments or tributaries that meet either the relatively permanent … “all rivers, lakes, and other waters that flow across …
April 8, 2014
Risk Management Strategies
Soybeans, $8.40 per bushel
5. Other oilseeds, $20.15 per hundred … Soybeans, $5.00 per bushel
5. Other oilseeds, $10.09 per hundredweight … factor. RMA may use some other method.
Example Farmer Values …
January 11, 2021
Feeder Cattle Pricing
lb. Average daily gain and other beef farm management
estimates … 95% confidence level. All other average unhedged cash prices … statistically different from each other in the same location or across …