Farmland Investment in Uruguay

Size: px
Start display at page:

Download "Farmland Investment in Uruguay"

Transcription

1 Farmland Investment in Uruguay 2016

2 Advantages of Investing in Farmland nincreasing global demand for food nconsistent long-term appreciation nannual cash return nnon-volatile asset nstore of value

3 Why Uruguay? Investor-Friendly Country: n Foreign and local investors treated equally n No limitations to ownership by foreign buyers n No currency exchange controls or forced conversion n Foreign currency can be used: Dollars, Euros, etc. n No restrictions or taxes when transferring money into, or out of the country (repatriation of capital)

4 Why Uruguay? Stability and Safety: n Latin America s safest country n Tops rankings in political and economic stability n Tops rankings in transparency and lack of corruption n No social turmoil: existence of middle class and Latin America s lowest income gap n Solid legal system with strong reputation for respect of contracts and private property

5 Why Farmland in Uruguay? A) Most suitable country B) Turnkey, easy investment to operate C) Transparent market

6 A) Uruguay s Suitability n Non-degraded soil n Even rainfall year-round n World s largest aquifer beneath region n Temperate climate n Two crops per year (over long run, 1.7) n Competitive producer n No government intervention in the market n Developed land rental market

7 Uruguay: A Global Player n 6 th exporter of soybeans n 5 th exporter of dairy products n 4 th exporter of rice n 5% of global beef exports A country of 3 million feeding 50 million

8 nmapa DE CHRIS ACA ********** ******** Source: Atlas of the Biosphere Center for Sustainability and the Global Environment University of Wisconsin - Madison

9 Global soil degradation, and where Uruguay stands

10 Global water shortage and where Uruguay stands Source: Intergovernmental Panel on Climate Change, 2007

11 B) Turnkey, Easy Investment n The investor may farm the land directly n Or have a farm management company handle every aspect of the operation nor lease out the land (there is a very liquid rental market for cropland)

12 C) Transparent Market for Land n The country is mapped, with soil types classified according to their productivity n Each type of soil is has a productivity index ( CONEAT index) n The map is available online n Thus, land productivity is verifiable

13 The Online CONEAT System n Type n Plug in the property number(s) n The system will show the specific property s: q location and water resources (rivers, creeks, lakes) q detailed soil map, with soil types in different colors, and the percentage of each soil type q description of each soil type q the productivity index of each soil type q the average CONEAT (productivity) index for the property

14 The Online CONEAT System: Example Map of the property, with different soil types Location of the property Water resources Average CONEAT index for the property Property number

15 Advantages of the CONEAT System n It allows anyone to verify the productivity potential of a property in Uruguay n It provides a tool to determine uses for a specific farm n The CONEAT index of a property correlates with the price of the land. The market is transparent: it is easy to compare properties and determine their fair value

16 Types of Land in Uruguay n Agriculture (soybeans, wheat, rice, etc.) n Cattle/sheep ranches, dairy farms n Forestry: eucalyptus, pine n Vineyards / olives / blueberries n Oceanside rural land for development

17 Uruguay s most attractive options Agriculture: Soy, Wheat, Corn Global player, among leading exporters Forestry: Eucalyptus, Pine World s two largest paper mills World s highest FSC certification Cattle: Angus, Hereford Top global quality 100% traceability 5% of world beef exports

18

19

20

21 The Price of Land USD 1,900 /hect (USD 769 /acre) Coneat 50 USD 4,000/hect (USD 1,619/acre) Coneat 130 USD 8,000/hect (USD 3,238/acre) Coneat 160 AGRICULTURAL HEARTLAND USD 3,300/hect (USD 1,336/acre) Coneat 90

22 CONEAT Index and Prices CONEAT Index USD per Hectare 50 1, , , , , ,500 One hectare = 2.47 acres

23 2016: A perfect buying opportunity? With China s slowdown in 2015 and the drop in commodity prices, for the first time in a decade, farm prices have declined. Opportunities at 25% below the price peak of 2014 will be available throughout 2016, until farm prices resume their likely long-term upward trend (2017?)

24 .

25 Historical Returns Type of use given to the land Profitability as a % of the price of land Agriculture 4-7% Cattle breeding 3-5% Forestry 9-11% Buy land and lease it % Based on historic average market returns, Quoted returns do not include the appreciation of the land

26 Taxes in farming Farming has favorable tax treatment in Uruguay: n Income tax: Flat 25% income tax rate (effective rate can be less w/deductions) For small farms, rate is lower: farms with income below USD 238,000 per year have a capped tax amount of USD 5,125 n Low property taxes: average is 0.2% * n No V.A.T. or sales tax on most supplies and machinery n No V.A.T. or sales tax on sale of farm products (except 1% municipal sales tax on sale of livestock)

27 Examples of Available Farm Properties on the Market

28 45 h (111 acres) in SW, index: 160 (high) USD 360,000 (3,243 / acre)

29 35 h (86 acres) in SW, index: 160 (high) 90 h (222 acres) in SW, index: 140 (high) USD USD 350, ,000 (4,070 (3,040 / / acre) acre)

30 600 h (1480 acres) in E, index: 100 (avg) USD 1.98 M (1,337 / acre)

31 2,730 h (6,741 acres) in W, index: 135 (high) USD 17.7 M (2,625 / acre)

32 Fischer & Schickendantz nleading Full-Service Law Firm nfarmland investment advisory unit: Sourcing farmland according to client needs/preferences Structuring purchases Organizing corporate structures, ongoing farm management nfirm Services (covering all of Uruguay): Conveyance / Legal Assistance in the Purchase Process Tax and Banking Advice Company Incorporation Title Guaranty Advice

33 Fischer & Schickendantz References and Recognition: Leading source on investing in Uruguay to global publications such as the Financial Times, The Wall Street Journal and The New York Times (see articles in ) Ranked by Chambers Latin America, Leading Firm Ranked by The Legal 500, Leading Firm Ranked by International Financial Law Review Ranked by the International Tax Review

34 Fischer & Schickendantz Contact Information: Managing Partner Juan Federico Fischer Phone: (598) Fax (598) Main office: Rincon 487, 4 th Floor, Montevideo 11000, Uruguay

35 Further Information fs.com.uy uruguayfarms.com fsuruguay UruguayFarms

www.fs.com.uy www.fs.com.uy

www.fs.com.uy www.fs.com.uy Farmland Investment in Uruguay 2015 Advantages of Investing in Farmland Increasing global demand for food Consistent long-term appreciation Annual cash return Non-volatile asset Store of value Why Uruguay?

More information

Farmland Investment in Uruguay

Farmland Investment in Uruguay Farmland Investment in Uruguay February 2014 Advantages of Investing in Farmland Increasing global demand for food Consistent long-term appreciation Annual cash return Non-volatile asset Store of value

More information

Uruguay Key Issues for Investors

Uruguay Key Issues for Investors Uruguay Key Issues for Investors Immigration & Residency Purchasing Property Taxes & Banking May 2013 Key Issues for Investors Key Issues Are my investments and money safe in Uruguay? Can I take my money

More information

300431 Timişoara, Romania, Str. Agricultorilor nr. 40 Tel: 0747-047.800 Fax: 0356-414.175 office.armand@gmail.com

300431 Timişoara, Romania, Str. Agricultorilor nr. 40 Tel: 0747-047.800 Fax: 0356-414.175 office.armand@gmail.com 300431 Timişoara, Romania, Str. Agricultorilor nr. 40 Tel: 0747-047.800 Fax: 0356-414.175 office.armand@gmail.com Pagina1 Pagina2 INVEST IN ROMANIA 300431 Timişoara, Romania, Str. Agricultorilor nr. 40

More information

The Farmland Asset Class

The Farmland Asset Class The Farmland Asset Class December 2010 Jeffrey A. Conrad, CFA President, Hancock Agricultural Investment Group jconrad@hnrg.com (617) 747-1601 Presentation Overview I. Introduction to the Hancock Agricultural

More information

3.3 Real Returns Above Variable Costs

3.3 Real Returns Above Variable Costs 3.3 Real Returns Above Variable Costs Several factors can impact the returns above variable costs for crop producers. Over a long period of time, sustained increases in the growth rate for purchased inputs

More information

Agricultural Production and Research in Heilongjiang Province, China. Jiang Enchen. Professor, Department of Agricultural Engineering, Northeast

Agricultural Production and Research in Heilongjiang Province, China. Jiang Enchen. Professor, Department of Agricultural Engineering, Northeast 1 Agricultural Production and Research in Heilongjiang Province, China Jiang Enchen Professor, Department of Agricultural Engineering, Northeast Agricultural University, Harbin, China. Post code: 150030

More information

Tennessee Agricultural Production and Rural Infrastructure

Tennessee Agricultural Production and Rural Infrastructure Tennessee Trends in Agricultural Production and Infrastructure Highlights - In many states the percentage of the state population designated by the U.S. Census Bureau as living in rural areas has declined,

More information

Outlook for the 2013 U.S. Farm Economy

Outlook for the 2013 U.S. Farm Economy Outlook for the 213 U.S. Farm Economy Kevin Patrick Farm and Rural Business Branch Resource and Rural Economics Division Highlights Net farm income in 213 forecast: $128.2 billion Net cash income in 213

More information

Issues In Agriculture

Issues In Agriculture Issues In Agriculture John Stulp, Commissioner of Agriculture November, 2010 Colorado Department of Agriculture CDA is charged with: Strengthening and advancing Colorado s agriculture industry; Ensuring

More information

This article illustrated deferred tax liabilities for a cash crop farm in west central Indiana. The

This article illustrated deferred tax liabilities for a cash crop farm in west central Indiana. The September 2014 Computation of Deferred Liabilities Michael Langemeier, Associate Director, Center for Commercial Agriculture This article is one of a series of financial management articles that will examine

More information

Missouri Soybean Economic Impact Report

Missouri Soybean Economic Impact Report Missouri Soybean Economic Report State Analysis March 2014 The following soybean economic impact values were estimated by Value Ag, LLC, as part of a Missouri Soybean Merchandising Council funded project.

More information

CONFERENCE CALL PRESENTATION. November, 13th

CONFERENCE CALL PRESENTATION. November, 13th CONFERENCE CALL PRESENTATION November, 13th 1 BrasilAgro Overview Start-up company created by an experienced team to take advantage of opportunities in the Brazilian agricultural market Revenue stream

More information

China s experiences in domestic agricultural support. Tian Weiming China Agricultural University

China s experiences in domestic agricultural support. Tian Weiming China Agricultural University China s experiences in domestic agricultural support Tian Weiming China Agricultural University Contents Background The policy system Major measures and their implementation Empirical assessment of the

More information

INFORMATION ON THE PUBLIC JOINT-STOCK COMPANY INVL BALTIC FARMLAND FORMED IN THE SPLIT OFF

INFORMATION ON THE PUBLIC JOINT-STOCK COMPANY INVL BALTIC FARMLAND FORMED IN THE SPLIT OFF INFORMATION ON THE PUBLIC JOINT-STOCK COMPANY INVL BALTIC FARMLAND FORMED IN THE SPLIT OFF On the basis of those Terms, 47.95 percent of the total assets, equity and liabilities of the public joint-stock

More information

Third Quarter 2015 Earnings Conference Call. 21 August 2015

Third Quarter 2015 Earnings Conference Call. 21 August 2015 Third Quarter 2015 Earnings Conference Call 21 August 2015 Safe Harbor Statement & Disclosures The earnings call and accompanying material include forward-looking comments and information concerning the

More information

THE PROPERTY IN URUGUAY

THE PROPERTY IN URUGUAY THE PROPERTY PURCHASE PROCESS IN URUGUAY 1 Who can purchase property in Uruguay? Uruguayan Nationals Non-Uruguayans : With Uruguayan Citizenship (Dual Nationality) Without Uruguayan Residency or Citizenship

More information

Research verification coordinators collaborate with Arkansas Division of Agriculture crop specialists to determine a typical production method for

Research verification coordinators collaborate with Arkansas Division of Agriculture crop specialists to determine a typical production method for 1 2 3 Research verification coordinators collaborate with Arkansas Division of Agriculture crop specialists to determine a typical production method for application in the crop enterprise budgets. 4 Whole

More information

A Global Outlook on Sustainability in the Dairy Production

A Global Outlook on Sustainability in the Dairy Production A Global Outlook on Sustainability in the Dairy Production VII CONGRESO COOPERATIVAS AGRO-ALIMENTARIAS Hans Jöhr Head Corporate Operations Agriculture Valencia, 27 February 2015 Content Part I: The challenge

More information

First Quarter 2015 Earnings Conference Call. 20 February 2015

First Quarter 2015 Earnings Conference Call. 20 February 2015 First Quarter 2015 Earnings Conference Call 20 February 2015 Safe Harbor Statement & Disclosures The earnings call and accompanying material include forward-looking comments and information concerning

More information

U.S. Agriculture and International Trade

U.S. Agriculture and International Trade Curriculum Guide I. Goals and Objectives A. Understand the importance of exports and imports to agriculture and how risk management is affected. B. Understand factors causing exports to change. C. Understand

More information

STATISTICAL PROFILE OF CAPE BRETON. Prepared By: Nova Scotia Federation of Agriculture

STATISTICAL PROFILE OF CAPE BRETON. Prepared By: Nova Scotia Federation of Agriculture STATISTICAL PROFILE OF CAPE BRETON Prepared By: Nova Scotia Federation of Agriculture 1.0 Introduction Agriculture in the Local Economy Agriculture in Cape Breton is characterized by a diversity of farm

More information

Statistical Profile of Lunenburg County

Statistical Profile of Lunenburg County Statistical Profile of Lunenburg County Prepared by the Nova Scotia Federation of Agriculture 1 Contents 1.0 Introduction... 2 Agriculture in the Local Economy... 2 2.0 Population and Population Change...

More information

AGRICULTURAL PROBLEMS OF JAPAN

AGRICULTURAL PROBLEMS OF JAPAN AGRICULTURAL PROBLEMS OF JAPAN Takeshi Kimura, Agricultural Counselor Embassy of Japan, Washington, D. C. I would like, first, to sketch the Japanese agricultural situation and, second, to review Japan's

More information

AGRICULTURAL SCIENCES Vol. II - Crop Production Capacity In North America - G.K. Pompelli CROP PRODUCTION CAPACITY IN NORTH AMERICA

AGRICULTURAL SCIENCES Vol. II - Crop Production Capacity In North America - G.K. Pompelli CROP PRODUCTION CAPACITY IN NORTH AMERICA CROP PRODUCTION CAPACITY IN NORTH AMERICA G.K. Pompelli Economic Research Service, U. S. Department of Agriculture, USA Keywords: Supply, policy, yields. Contents 1. Introduction 2. Past Trends in Demand

More information

Third Quarter 2014 Earnings Conference Call. 13 August 2014

Third Quarter 2014 Earnings Conference Call. 13 August 2014 Third Quarter 2014 Earnings Conference Call 13 August 2014 Safe Harbor Statement & Disclosures The earnings call and accompanying material include forward-looking comments and information concerning the

More information

Estimating Cash Rental Rates for Farmland

Estimating Cash Rental Rates for Farmland Estimating Cash Rental Rates for Farmland Tenant operators farm more than half of the crop land in Iowa. Moreover, nearly 70 percent of the rented crop land is operated under a cash lease. Cash leases

More information

A future or forward contract is an agreement on price now for delivery of a specific product or service in the future.

A future or forward contract is an agreement on price now for delivery of a specific product or service in the future. LESSON WHAT IS TRADING? Nothing would last for as long as trading has unless there was an absolute need for it. Consumers need things and producers make things. Trading is the introduction of these two

More information

FUTURES TRADERS GUIDE TO THE WASDE

FUTURES TRADERS GUIDE TO THE WASDE FUTURES TRADERS GUIDE TO THE WASDE Your Guide To Understanding The USDA World Agriculture Supply & Demand Estimates For Corn, Soybeans And Wheat By Craig & Drew Daniels 1.800.800.3840 What Is The WASDE?

More information

CROP BUDGETS, ILLINOIS, 2015

CROP BUDGETS, ILLINOIS, 2015 CROP BUDGETS Department of Agricultural and Consumer Economics University of Illinois CROP BUDGETS, ILLINOIS, 2015 Department of Agricultural and Consumer Economics University of Illinois September 2015

More information

Principles for Responsible Investment in Farmland

Principles for Responsible Investment in Farmland Principles for Responsible Investment in Farmland September 2011 Preamble ln recent years, investment in farmland A has emerged as a new asset class for institutional investors. These Principles for Responsible

More information

U.S. Farmland and other Real Assets. A Research Note

U.S. Farmland and other Real Assets. A Research Note U.S. Farmland and other Real Assets A Research Note Stephen A. Kenney Senior Investment Analyst January 2010 DISCLAIMERS AND NOTE ON FORWARD LOOKING STATEMENTS Hancock Agricultural Investment Group, a

More information

HOW AGRICULTURAL PROPERTY

HOW AGRICULTURAL PROPERTY HOW AGRICULTURAL PROPERTY IS VALUED IN COLORADO We have prepared this brochure to explain how agricultural properties are valued for property tax purposes. For further information please visit our website

More information

THE FINANCIAL CRISIS: Is This a REPEAT OF THE 80 S FOR AGRICULTURE? Mike Boehlje and Chris Hurt, Department of Agricultural Economics

THE FINANCIAL CRISIS: Is This a REPEAT OF THE 80 S FOR AGRICULTURE? Mike Boehlje and Chris Hurt, Department of Agricultural Economics THE FINANCIAL CRISIS: Is This a REPEAT OF THE 80 S FOR AGRICULTURE? Mike Boehlje and Chris Hurt, Department of Agricultural Economics The current financial crisis in the capital markets combined with recession

More information

Audience Response Cards 2/13/2013. Operating with Today s Land Values. Outline for today: Know how. Know now. Know how. Know now. Know how. Know now.

Audience Response Cards 2/13/2013. Operating with Today s Land Values. Outline for today: Know how. Know now. Know how. Know now. Know how. Know now. Operating with Today s Land Values Prepared by: T. Lemmons & A. Vyhnalek Adapted from: B. Johnson. (2012). Nebraska Farm Real Estate Market Report. UNL Extension Presented by: Allan Vyhnalek 402 563 4901

More information

Impact of Crop Insurance and Indemnity Payments on Cash Rent and Land Values. Michael Langemeier Center for Commercial Agriculture Purdue University

Impact of Crop Insurance and Indemnity Payments on Cash Rent and Land Values. Michael Langemeier Center for Commercial Agriculture Purdue University Impact of Crop Insurance and Indemnity Payments on Cash Rent and Land Values Michael Langemeier Center for Commercial Agriculture Purdue University Background The magnitude of the impact of crop insurance

More information

NOTES ON THE FINANCING AND TAXATION ASPECTS OF MACHINERY/EQUIPMENT INVESTMENT ON THE FARM

NOTES ON THE FINANCING AND TAXATION ASPECTS OF MACHINERY/EQUIPMENT INVESTMENT ON THE FARM NOTES ON THE FINANCING AND TAXATION ASPECTS OF MACHINERY/EQUIPMENT INVESTMENT ON THE FARM John Norris Advisory Services Teagasc, Kildalton Phone: 051-644528 Mobile: 087 6184289 e-mail: john.norris@teagasc.ie

More information

THE AGRICULTURAL EQUIPMENT MARKET IN CE, SE AND EASTERN EUROPE

THE AGRICULTURAL EQUIPMENT MARKET IN CE, SE AND EASTERN EUROPE THE AGRICULTURAL EQUIPMENT MARKET ROMANIA UKRAINE TURKEY RUSSIA IN CE, SE AND EASTERN EUROPE Romania In 211, Romania recorded one of the highest wheat production in the recent years, of some eight million

More information

Overview on milk prices and production costs world wide

Overview on milk prices and production costs world wide Overview on milk prices and production costs world wide This article summarises the key findings of the IFCN work in 2013 and the recently published IFCN Dairy Report 2013 Authors: Torsten Hemme and dairy

More information

Kentucky ANR Agent Land Value and Cash Rent Survey AEC 2013-16 Greg Halich and Karen Pulliam

Kentucky ANR Agent Land Value and Cash Rent Survey AEC 2013-16 Greg Halich and Karen Pulliam Kentucky ANR Agent Land Value and Cash Rent Survey AEC 2013-16 Greg Halich and Karen Pulliam In the first half of 2013, Agriculture and Natural Resource (ANR) agents were surveyed to estimate land values

More information

Course: AG 460-Agribusiness Management and Marketing

Course: AG 460-Agribusiness Management and Marketing Course: AG 460-Agribusiness Management and Marketing Unit Objective CAERT Lesson Plan Library Unit Problem Area Lesson Agricultural Careers 1. Identify and describe careers in agriculture Agribusiness

More information

University of Illinois CROP BUDGETS. Consumer Economics

University of Illinois CROP BUDGETS. Consumer Economics CROP BUDGETS Department of Agricultural and Consumer Economics University of Illinois CROP BUDGETS, ILLINOIS, 2013 Department of Agricultural and Consumer Economics University of Illinois July 2013 Introduction

More information

ECONOMIC CONTRIBUTION OF NORTH CAROLINA AGRICULTURE AND AGRIBUSINESS

ECONOMIC CONTRIBUTION OF NORTH CAROLINA AGRICULTURE AND AGRIBUSINESS ECONOMIC CONTRIBUTION OF NORTH CAROLINA AGRICULTURE AND AGRIBUSINESS $76 BILLION Agriculture and Agribusiness, including the farming, processing, wholesaling and retailing of food, natural fiber and forestry

More information

Agricultural E-Commerce Examples

Agricultural E-Commerce Examples Agricultural E-Commerce Examples These descriptions were compiled by Justin Tamony, UC Agricultural Issues Center Research Assistant, based on web sites cited in Emergent E-Commerce in Agriculture, by

More information

Enterprise Budgeting. By: Rod Sharp and Dennis Kaan Colorado State University

Enterprise Budgeting. By: Rod Sharp and Dennis Kaan Colorado State University Enterprise Budgeting By: Rod Sharp and Dennis Kaan Colorado State University One of the most basic and important production decisions is choosing the combination of products or enterprises to produce.

More information

Farmland Lease Analysis: Program Overview. Navigating the Farmland Lease Analysis program

Farmland Lease Analysis: Program Overview. Navigating the Farmland Lease Analysis program Farmland Lease Analysis: Program Overview The farmland lease analysis program is used to aid tenants and landlords in determining the returns and risks from different farmland leases. The program offers

More information

Educational Efforts With FAST Tools

Educational Efforts With FAST Tools Educational Efforts With FAST Tools By Paul N. Ellinger 1 farmdoc companion project initiated in 1999 FAST Tools Development of spreadsheet-based tools to aid decisions for producers, lenders, consultants

More information

How much financing will your farm business

How much financing will your farm business Twelve Steps to Ag Decision Maker Cash Flow Budgeting File C3-15 How much financing will your farm business require this year? When will money be needed and from where will it come? A little advance planning

More information

CROP BUDGETS, ILLINOIS, 2014

CROP BUDGETS, ILLINOIS, 2014 CROP BUDGETS Department of Agricultural and Consumer Economics University of Illinois CROP BUDGETS, ILLINOIS, 2014 Department of Agricultural and Consumer Economics University of Illinois June 2014 Introduction

More information

DDST~ UCT CQ~ RI~ONTHLY ~TATI~TICAL ~ F~D~ AL F~SE~VE ~AN K QF

DDST~ UCT CQ~ RI~ONTHLY ~TATI~TICAL ~ F~D~ AL F~SE~VE ~AN K QF N~:Th DDST~ UCT CQ~ RI~ONTHLY ~TATI~TICAL ~ F~D~ AL F~SE~VE ~AN K QF DISTRICT DEFENSE SPENDING CONTINUES TO RISE Business conditions in the Ninth Federal Reserve District remained at high levels in the

More information

Working Capital: The Key in Volatile Times By Dr. David M. Kohl

Working Capital: The Key in Volatile Times By Dr. David M. Kohl Working Capital: The Key in Volatile Times By Dr. David M. Kohl 02/28/13 My memories take me back to Super Bowl Sunday in 1989 in St. Louis next to the old Busch Stadium for the first meeting of the Farm

More information

and resources that are needed to operate a dairy farm. One of the practices commonly used

and resources that are needed to operate a dairy farm. One of the practices commonly used Dairy Cow Leasing Written by Bruce L. Jones Associate Professor and Extension Farm Management Specialist Department of Agricultural Economics University of Wisconsin -- Madison Dairy farmers have a limited

More information

Methods of Supporting Farm Prices and Income

Methods of Supporting Farm Prices and Income Methods of Supporting Farm Prices and Income By Arthur Mauch When the level of support has been decided, the cost of the program has pretty well been determined. The second major decision involves how

More information

Assessing and Improving Farm Profitability

Assessing and Improving Farm Profitability 1 Fact Sheet 539 Assessing and Improving Farm Profitability Is my farm making money? This is a question farm managers think about often. To stay in business, the farm must generate a profit, at least in

More information

2013 World Grain Outlook

2013 World Grain Outlook 2013 World Grain Outlook Presented by: John Roach February 18, 2013 Disclaimer: Futures/options trading involves substantial risk of loss and trading may not be suitable for all investors. You should fully

More information

ARC/PLC Program Overview

ARC/PLC Program Overview ARC/PLC Program Overview FSA and University of MN Extension Producer Meetings December 2014 January 2015 The 2014 Farm Bill provides the following: Eliminates DCP and ACRE program Allows for a one-time

More information

Appendix A: Glossary

Appendix A: Glossary Appendix A: Glossary Acreage class - a structural indicator of farm size based on acres operated. The five acreage classes generally used in this report are: 1-49 acres, 50-179 acres, 180-499 acres, 500-999

More information

SOURCES AND USES OF FUNDS ON KFMA FARMS

SOURCES AND USES OF FUNDS ON KFMA FARMS KANSAS FARM MANAGEMENT ASSOCIATION Your Farm - Your Information - Your Decision N E W S L E T T E R Volume 6, Issue 3 March 2012 SOURCES AND USES OF FUNDS ON KFMA FARMS A flow of funds report, often referred

More information

Permanently preserving privately owned productive agricultural land ensures a stable land base for the future of the agricultural industry.

Permanently preserving privately owned productive agricultural land ensures a stable land base for the future of the agricultural industry. F A R M L A N D P R E S E R V A T I O N Permanently preserving privately owned productive agricultural land ensures a stable land base for the future of the agricultural industry. Farmland preservation,

More information

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S.

THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: GAIN Report

More information

U.S. Farm Policy: Overview and Farm Bill Update. Jason Hafemeister 12 June 2014. Office of the Chief Economist. Trade Bureau

U.S. Farm Policy: Overview and Farm Bill Update. Jason Hafemeister 12 June 2014. Office of the Chief Economist. Trade Bureau U.S. Farm Policy: Office of the Chief Economist Trade Bureau Overview and Farm Bill Update Jason Hafemeister 12 June 2014 Agenda Background on U.S. Agriculture area, output, inputs, income Key Elements

More information

Introduction to Futures Markets

Introduction to Futures Markets Agricultural Commodity Marketing: Futures, Options, Insurance Introduction to Futures Markets By: Dillon M. Feuz Utah State University Funding and Support Provided by: Fact Sheets Definition of Marketing

More information

Financing Capital Requirements

Financing Capital Requirements Of the independent growers, a typical one produces about four batches of I o thousand birds a year. His capital assets are about as follows: Land, buildings, and equipment, 30 thousand dollars; feed, 4,500

More information

LOAN ANALYSIS. 1 This is drawn from the FAO-GTZ Aglend Toolkits 1 5 for the training purpose.

LOAN ANALYSIS. 1 This is drawn from the FAO-GTZ Aglend Toolkits 1 5 for the training purpose. LOAN ANALYSIS AGLEND1 is a financial institution that was founded in the early nineties as a microcredit NGO. In the beginning, its target clientele were micro- and small entrepreneurs in the urban area.

More information

Chapter Five: Risk Management and Commodity Markets

Chapter Five: Risk Management and Commodity Markets Chapter Five: Risk Management and Commodity Markets All business firms face risk; agricultural businesses more than most. Temperature and precipitation are largely beyond anyone s control, yet these factors

More information

THE EFFECT OF SCIENCE IN COCOA PRODUCTION FARMER S POINT OF VIEW

THE EFFECT OF SCIENCE IN COCOA PRODUCTION FARMER S POINT OF VIEW THE EFFECT OF SCIENCE IN COCOA PRODUCTION FARMER S POINT OF VIEW I can speak to you as a farmer that is producing sustainable cocoa and as a shipper that buys sustainable cocoa directly from the farms.

More information

Member States Factsheets I T A L Y CONTENTS. Main figures - Year 2014 59 685 227 inhabitants Area 302 069 km 2

Member States Factsheets I T A L Y CONTENTS. Main figures - Year 2014 59 685 227 inhabitants Area 302 069 km 2 January 2015 Member States Factsheets I T A L Y CONTENTS Main figures 2014 1. KEY DATA 2. POPULATION & ECONOMY 3. FINANCIAL ASPECTS 4. ECONOMIC ACCOUNTS 5. AGRICULTURAL TRADE 6. FARM STRUCTURE 1 2 3 4-5

More information

Member States Factsheets I R E L A N D CONTENTS. Main figures - Year 2014 4 591 087 inhabitants Area 69 798 km 2

Member States Factsheets I R E L A N D CONTENTS. Main figures - Year 2014 4 591 087 inhabitants Area 69 798 km 2 January 2015 Member States Factsheets I R E L A N D CONTENTS Main figures 2014 1. KEY DATA 2. POPULATION & ECONOMY 3. FINANCIAL ASPECTS 4. ECONOMIC ACCOUNTS 5. AGRICULTURAL TRADE 6. FARM STRUCTURE 1 2

More information

Revenue and Costs for Corn, Soybeans, Wheat, and Double-Crop Soybeans, Actual for 2009 through 2015, Projected 2016

Revenue and Costs for Corn, Soybeans, Wheat, and Double-Crop Soybeans, Actual for 2009 through 2015, Projected 2016 CROP COSTS Department of Agricultural and Consumer Economics University of Illinois Revenue and Costs for Corn, Soybeans, Wheat, and Double-Crop Soybeans, Actual for 2009 through 2015, Projected 2016 Department

More information

Australian lamb 09.1. Stephen Hooper

Australian lamb 09.1. Stephen Hooper Australian lamb 09.1 Stephen Hooper June 2009 Contents Characteristics of slaughter lamb producers 4 Slaughter lamb production 5 Farm performance and 7 Investment in new farm capital 10 Productivity in

More information

Managing Feed and Milk Price Risk: Futures Markets and Insurance Alternatives

Managing Feed and Milk Price Risk: Futures Markets and Insurance Alternatives Managing Feed and Milk Price Risk: Futures Markets and Insurance Alternatives Dillon M. Feuz Department of Applied Economics Utah State University 3530 Old Main Hill Logan, UT 84322-3530 435-797-2296 dillon.feuz@usu.edu

More information

KSG Agro S.A. Unaudited Interim Condensed Consolidated Financial Statements. 31 March 2015

KSG Agro S.A. Unaudited Interim Condensed Consolidated Financial Statements. 31 March 2015 Unaudited Interim Condensed Consolidated Financial Statements Contents Statement of the Board of Directors and management s responsibility INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Unaudited

More information

Farmland Values Report

Farmland Values Report Farmland Values Report This report covers the period from January 1 to December 31,. For more information: 1-888-332-3301 or farmland-values@fcc-fac.ca This report was published on April 14, 2014. Farmland

More information

Contents. Acknowledgements... iv. Source of Data...v

Contents. Acknowledgements... iv. Source of Data...v Kentucky Farm Business Management Program Annual Summary Data: Kentucky Grain Farms - 2011 Agricultural Economics Extension No. 2012-17 June 2012 By: Amanda R. Jenkins Michael C. Forsythe University of

More information

SECTION 1. AMENDATORY 68 O.S. 2001, Section 2357.25, is amended to read as follows:

SECTION 1. AMENDATORY 68 O.S. 2001, Section 2357.25, is amended to read as follows: ENROLLED HOUSE BILL NO. 1680 By: Johnson, Hyman, Roan, Shoemake, Walker, Hilliard, McMullen, Covey, Hickman, McCarter, Winchester, Braddock, Sweeden and Calvey of the House and Gumm, Johnson, Lawler, Myers,

More information

Small Farm Modernization & the Quiet Revolution in Asia s Food Supply Chains. Thomas Reardon

Small Farm Modernization & the Quiet Revolution in Asia s Food Supply Chains. Thomas Reardon Small Farm Modernization & the Quiet Revolution in Asia s Food Supply Chains Thomas Reardon Part 1 of Talk: Introduction to research issues and method 1. Introduction to Research Issues 1. Research past

More information

COOPERATIVE ELEVATOR CO. AGRICULTURAL CREDIT APPLICATION AND AGREEMENT

COOPERATIVE ELEVATOR CO. AGRICULTURAL CREDIT APPLICATION AND AGREEMENT COOPERATIVE ELEVATOR CO. AGRICULTURAL CREDIT APPLICATION AND AGREEMENT Name (Company and principal owner when applicable) Social Security Number (Principal owner) Drivers License Number (Principal owner)

More information

Cash Flow Projection for Operating Loan Determination

Cash Flow Projection for Operating Loan Determination E-19 RM-7.0 02-09 Risk Management Cash Flow Projection for Operating Loan Determination Danny Klinefelter and Dean McCorkle* A cash flow statement can be simply described as a record of the dollars coming

More information

Managing Risk With Revenue Insurance

Managing Risk With Revenue Insurance Managing Risk With Revenue Insurance VOLUME 4 ISSUE 5 22 Robert Dismukes, dismukes@ers.usda.gov Keith H. Coble, coble@agecon.msstate.edu Comstock 10 Crop revenue insurance offers farmers a way to manage

More information

Fertilizer is a world market commodity, which means that supply

Fertilizer is a world market commodity, which means that supply Supply & demand, Energy Drive Global fertilizer prices The Fertilizer Institute Nourish, Replenish, Grow Fertilizer is a world market commodity necessary for the production of food, feed, fuel fiber. &

More information

Preparing A Cash Flow Statement

Preparing A Cash Flow Statement Preparing A Cash Flow Statement By: Norm Dalsted and Rod Sharp Colorado State University It is highly unlikely you would attempt to drive to Detroit, Michigan, without first consulting a road map. You

More information

Crop-Share and Cash Rent Lease Comparisons Version 1.6. Introduction

Crop-Share and Cash Rent Lease Comparisons Version 1.6. Introduction Crop-Share and Cash Rent Lease Comparisons Version 1.6 Alan Miller and Craig L. Dobbins Spreadsheet can be found at http://www.agecon.purdue.edu/extension/pubs/farmland_values.asp Introduction This spreadsheet

More information

asset classes Understanding Equities Property Bonds Cash

asset classes Understanding Equities Property Bonds Cash NEWSLETTER Understanding asset classes High return Property FIND OUT MORE Equities FIND OUT MORE Bonds FIND OUT MORE Cash FIND OUT MORE Low risk High risk Asset classes are building blocks of any investment.

More information

First Industries Fund

First Industries Fund First Industries Fund First Industries is one of 19 programs in the June 2004 economic stimulus package. It provides $100 million for agriculture, and $50 million for tourism. Final guidelines were approved

More information

FARM LOAN PROGRAMS. 2013 Women in Ag DIRECT LOAN PROGRAM 2/15/2013 GUARANTEED LOAN PROGRAM. Becky Wiiest Farm Loan Manager 308 995 6121

FARM LOAN PROGRAMS. 2013 Women in Ag DIRECT LOAN PROGRAM 2/15/2013 GUARANTEED LOAN PROGRAM. Becky Wiiest Farm Loan Manager 308 995 6121 2013 Women in Ag FARM LOAN PROGRAMS Becky Wiiest Farm Loan Manager 308 995 6121 GUARANTEED LOAN PROGRAM FSA guaranteed loans provide lenders with a guarantee of up to 95% of the loss of principal and interest

More information

China and the WTO: Implications for Grain Trade. Dr. Thomas I. Wahl IMPACT Center Washington State University

China and the WTO: Implications for Grain Trade. Dr. Thomas I. Wahl IMPACT Center Washington State University China and the WTO: Implications for Grain Trade Dr. Thomas I. Wahl Center Washington State University Overview of Presentation Background Why are we interested in China Current trade situation Demographics

More information

Would you like to know more about the

Would you like to know more about the Your Net Worth Ag Decision Maker Statement File C3-20 Would you like to know more about the current financial situation of your farming operation? A simple listing of the property you own and the debts

More information

DROUGHT ASSISTANCE PROGRAMS AND TAX IMPLICATIONS OF DROUGHT INDUCED LIVESTOCK SALES

DROUGHT ASSISTANCE PROGRAMS AND TAX IMPLICATIONS OF DROUGHT INDUCED LIVESTOCK SALES DROUGHT ASSISTANCE PROGRAMS AND TAX IMPLICATIONS OF DROUGHT INDUCED LIVESTOCK SALES Russell Tronstad 1 Government payment assistance during or after a drought is a very real possibility. Drought assistance

More information

SCALING UP AGRICULTURAL FINANCE

SCALING UP AGRICULTURAL FINANCE SCALING UP AGRICULTURAL FINANCE Can Small Scale farmers be financed on commercial basis by a Financial Institution? The Case of KCB BANK RWANDA LTD Presentation profile 1. Rwanda s Agricultural scene 2.

More information

Fayette County Appraisal District

Fayette County Appraisal District Fayette County Appraisal District Agricultural Guidelines July 7, 2010 A SUPPLEMENT TO THE STATE OF TEXAS PROPERTY TAX MANUAL FOR THE APPRAISAL OF AGRICULTUAL LAND AND WILDLIFE MANAGEMENT ACTIVITIES AND

More information

JOB ANNOUNCEMENT. Nursery Manager DEGREE AND CURRICULUM:

JOB ANNOUNCEMENT. Nursery Manager DEGREE AND CURRICULUM: Horticulture Nursery Manager Associate degree in Horticulture or related degree. Will consider all qualified agriculture degrees. Manages nursery to grow horticultural plants, such as trees, shrubs, flowers,

More information

2015 Farm Bank Performance Report Key Findings

2015 Farm Bank Performance Report Key Findings 2015 Farm Bank Performance Report Key Findings The banking industry is the nation s most important supplier of credit to agriculture providing nearly 50 percent of all farm loans in the U.S. $170 billion

More information

Food, Feed & Fuel - Farmland Investing Explained. Enquirica Research

Food, Feed & Fuel - Farmland Investing Explained. Enquirica Research Food, Feed & Fuel - Farmland Investing Explained Enquirica Research Investing in Canadian Farmland Canadian farmland continues to receive favorable attention from alternative investors. We believe it stems

More information

Finding a Farm to Buy or Lease Resource Kit for Nova Scotia Farmers

Finding a Farm to Buy or Lease Resource Kit for Nova Scotia Farmers 1 Finding a Farm to Buy or Lease Resource Kit for Nova Scotia Farmers Helpful Contacts for Buying a Farm Your local Agricultural Resource Coordinator (ARC) may know of farms for sale or rent in your area.

More information

Canadian Agricultural Outlook

Canadian Agricultural Outlook 2015 Canadian Agricultural Outlook Information contained in this report is current as of February 11, 2015. Her Majesty the Queen in Right of Canada, represented by the Minister of Agriculture and Agri-Food,

More information

Calculating Your Milk Production Costs and Using the Results to Manage Your Expenses

Calculating Your Milk Production Costs and Using the Results to Manage Your Expenses Calculating Your Milk Production Costs and Using the Results to Manage Your Expenses by Gary G. Frank 1 Introduction Dairy farms producing milk have numerous sources of income: milk, cull cows, calves,

More information

Biological assets Agricultural produce Products that are the result of processing after harvest

Biological assets Agricultural produce Products that are the result of processing after harvest International Accounting Standard 41 Agriculture Objective The objective of this Standard is to prescribe the accounting treatment and disclosures related to agricultural activity. Scope 1 This Standard

More information

Natural Gas and the U.S. Fertilizer Industry

Natural Gas and the U.S. Fertilizer Industry Natural Gas and the U.S. Fertilizer Industry Harry Vroomen Vice President, Economic Services The Fertilizer Institute July 15, 2010 www.tfi.org Outline of Presentation Brief Intro on Fertilizer Focus on

More information

Revenue Implications of the New Farm Bill

Revenue Implications of the New Farm Bill Revenue Implications of the New Farm Bill Nick Paulson npaulson@uiuc.edu University of Illinois The Profitability of Illinois Agriculture: Where to from Here? Presentation Outline Progress on the new Farm

More information

In 2010, many farmers will again choose between farm

In 2010, many farmers will again choose between farm 2010 The New ACRE Program: Costs and Effects By Brian C. Briggeman, Economist, Federal Reserve Bank of Kansas City and Jody Campiche, Assistant Professor, Oklahoma State University In 2010, many farmers

More information