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September 28, 2022
Agricultural Economics
Forecast for 2023:
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Agricultural Economics
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July 1, 2011
KFMA Newsletters
This
figure presents the economic total expense ratio
for … to 2010. Farms with an
economic total expense ratio below … below one are
earning an economic profit. Approximately 33 …
May 8, 2017
Risk Management Strategies
… 1
Grower Options For Insured Wheat Damaged By Late Winter Storm
Monte Vandeveer (montev@ksu.edu)
Kansas State University Department of Agricultural Economics ‐ May 2017
The late winter storm which struck western and central Kansas, along with areas in neighboring states, caused cold‐
weather damage to the crop which was progressing into its later developmental stages. A publication from K‐State’s
Department of Agronomy, “Spring Freeze Injury to Kansas Wheat,” shows how wheat’s resistance to freeze injury
varies with different stages of development, along with the types of injury due to low temperature and their effects
on yield at later stages of plant development.
Another risk faced by growers is the problem of bent or broken stalks, pressed down by a foot or more of heavy wet
snow from the storm. K‐State’s Department of Agronomy issued an e‐Update on May 1 about the severe conditions
across the state and the likelihood of wheat damage. Agronomists advise that it may be several days before the
extent of damage is known in some cases.
Fortunately, most wheat acres in Kansas are insured; in fact, the state typically has over 90 percent of its planted
wheat acres covered by crop insurance. Step 1 after potential damage to the crop is always prompt notification of
one’s insurance agent.
With damage across such a wide area, the next challenge will be to schedule a loss adjustment. Once the adjuster
provides an appraisal, the acres will be released for other use. If a grower disagrees with the appraisal of the
damaged crop, he/she will need to leave intact strips in the field for later harvest and final resolution of the wheat
claim.
What would a complete loss be worth? Assume a producer has a 40‐bushel Actual Production History yield for
insurance, along with the $4.59 Projected Price (determined prior to planting) to get an expected revenue of $183.60
per acre. Combine this with an insurance guarantee level of 75% to get coverage worth $137.70 per acre for a
complete wipe‐out.
In general, insurance rules do permit the planting of a second crop when an insured first crop fails. The Risk
Management Agency indicates the following options are permitted for an insured wheat crop that has failed,
provided it had not already headed out:
…
July 7, 2017
Risk Management Strategies
ansas State University Department Of Agricultural Economics Extension Publication 07/07/2017
1
The …
Art Barnaby (barnaby@ksu.edu)
Kansas State University Department of Agricultural Economics – July 2017
Art … Department of Agricultural Economics, K-State Research and
Extension …
2021 Mini-Risk and Profit Conference Presentations
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10% lose more than $75,000
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January 26, 2023
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November 5, 2015
Risk Management Strategies
… Department of Agricultural Economics - September 2015
http://www.agmanager.info/crops/insurance/risk_mgt/rm_pdf15/AB_CropInsWorkshop.pdf … Department of Agricultural Economics, K-State Research and
Extension …