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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 – …
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 …
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 …
June 15, 2015
Grain Market Outlook
… … p
from 1,174 mmt in “current” MY 2014/15, and 1,127 mmt in MY 2013/14. Projected World corn ending stocks
of 195.2 mmt (19.7% S/U) in “new crop” MY 2015/16 are down marginally from 197.0 mmt (20.2% S/U) in
“current” MY 2014/15, but up from 174.5 mmt (18.3% S/U) in MY 2013/14. With closing CME NOV‐2015
soybean futures of $9.04 ¼ and CME DEC‐2015 corn futures of $3.69 ½ on 6/12/2015, the soybean/corn price
ratio of 2.45 still favors the planting of soybeans in the U.S. in 2015. The development of volatile weather
patterns in 2015 such as “El Nino” may cause production problems for corn and other coarse grains in parts o …
July 16, 2014
Grain Market Outlook
s exist to
more than “cover” or “mitigate” 2014 U.S. hard red winter wheat production shortfalls in the Central and
Southern plains states, and that no other major threats to World w … ent – such as substantially lower wheat
production in North America or other major wheat producing regions of the World, or geopolitically‐driven
disruptions to trade World wheat markets in such places as the Middle East or the Black Sea region. Unless or
until such disruptive events as these would occur, World wheat market prospects are pointing to steady‐to‐
lower World wheat prices.
USDA U.S. Wheat Forecast for “New Crop” MY 2014/15: Compared to a year earlier, the USDA projected
lower 2014 U.S. wheat production, reduced wheat usage, an increase in U.S. wheat ending stocks and %
stocks‐to‐use, and lower prices in “new crop” MY 2014/15. The USDA’s projected “new crop” market scenario
is: 56.5 million acres (ma) planted, 46.2 ma harvested, 81.9% harvested‐to‐planted acres, 43.1 bu/ac yield (up
from 42.3 bu/ac a month ago), a 1.992 billion bushel (bb) 2014 U.S. wheat crop (up 50 million bushels or ‘mb’),
2.741 bb total supplies (up 46 mb), 900 mb exports (down 25 mb), 2.081 bb total use (down 40 mb), 660 mb
ending stocks (up 86 mb), 31.7% ending stocks‐to‐use (up from 27.1%), and $6.60 average price per bu. (range
of $6.00 to $7.20) – down from $7.00 /bu.
KSU U.S. Wheat Forecast for “New Crop” MY 2014/15: KSU projections of “new crop” MY 2014/15 supply‐
demand balances and prices are as follows: a) “Likely Production” Scenario: 65% prob. of 46.2 ma harvested,
43.1 bu/ac, 1.992 bb 2014 U.S. wheat production, 2.741 bb U.S. wheat supplies, 900 mb exports, 2.081 bb total
use, 660 mb ending stocks, 31.7% S/U, & $6.10 /bu; b) “Low Production” Scenario: 20% prob. of 45.4 ma
harvested, low yields of 41.1 bu/ac (both harvested acres and yield lower than USDA), 1.868 bb 2014 U.S.
wheat production, 2.628 bb U.S. wheat supplies, 890 mb exports, 2.061 bb total use, 567 mb ending stocks,
27.5% S/U, & $6.55 /bu; and c) “Expected Production – Higher Exports” Scenario: 15% prob. of 46.2 ma
harvested, yields of 43.1 bu/ac, 1.992 bb 2014 U.S. wheat production, 2.741 bb U.S. wheat supplies, 1.050 bb
exports (up 150 mb from USDA forecast), 2.231 bb total use, 510 mb ending stocks, 22.9% S/U, & $7.50 /bu.
USDA World Wheat: World wheat total supplies of 889.5 mmt in “new crop” MY 2014/15 are down marginally
from 889.8 mmt in “old crop” MY 2013/14, but up from 854.9 mmt in MY 2012/13. Projected World wheat
ending stocks in “new crop” MY 2014/15 of 189.5 mmt (27.0% S/U) are up from 184.3 mmt (26.1% S/U) in MY
2013/14, and from 175.6 mmt (25.9% S/U) in MY 2012/13.
For market perspective these levels of World wheat stocks need to be analyzed relative to the historic World
wheat stocks minimum of 129.4 mmt (21.0% S/U) in MY 2007/08. Year‐over‐year increases are projected for
wheat exports in “new crop” MY 2014/15 for Argentina (+4.5 mmt), Brazil (+0.4 mmt), and Russia (+1.0 mmt),
with decreases forecast for the U.S. (‐7.7 mmt), Australia (‐0.5 mmt), Canada (‐1.5 mmt), the EU (‐2.5 mmt),
India (‐2.4 mmt), Kazakhstan (‐2.4 mmt), and Ukraine (‐0.5 mmt). …
May 19, 2014
Agribusiness Papers
no segment is effective in meeting the
consumer’s complex … 2. What should we do to meet the needs of the future consumer … potential implications for meeting food needs. Let us start …
January 14, 2015
Commodity Program Presentations
Penalty will be too high
for most farms
• Other notes
• Paperwork burden higher
for this program
• … Payment in 2014‐2015 likely for both ARC‐CO (wheat: yield loss, others: price
loss) and PLC (sorghum?)
• … How good you are at guessing where prices and yields will be in future years?
Farm Bill In‐Depth Educational
Meetings:
• January 12: Wichita
• …
Price Risk Publications
located within 15 miles of each
other were offering basis contracts … Typically, as the
uncertainty of meeting the shipment commitment
disappears … educational purposes. All other rights reserved. In each …