Agricultural Resource Management Survey (ARMS): Phase 2 Uses and Importance

Size: px
Start display at page:

Download "Agricultural Resource Management Survey (ARMS): Phase 2 Uses and Importance"

Transcription

1 Agricultural Resource Management Survey (ARMS): Phase 2 Uses and Importance William D. McBride Leader, USDA Commodity Costs and Returns Estimation Project 2015 Phase 2 Regional Training Workshops 1

2 Data Collection in the 2015 ARMS Phase III Phase I Farm Costs and Returns Screening sample Phase II Oats Production Practices & Costs Hog Costs and Returns Oats Costs and Returns Cotton Production Practices & Costs Cotton Costs and Returns 2

3 Objectives of this Presentation To describe the primary uses of the ARMS phase 2 data To show you where your can find the published ARMS phase 2 data To indicate the benefits that the ARMS phase 2 data provide to farmers 3

4 How are ARMS Phase 2 data used? 1 Crop Cost and Return Estimates 2 Crop Chemical Use Estimates 3 Crop Production Practice Estimates 4 Crop Production Research 4

5 1 Crop Cost and Return (CAR) Estimates Agricultural and Consumer Protection Act of 1973 The Secretary of Agriculture shall conduct a cost of production study of the wheat, feed grain, cotton, and dairy commodities under the various production practices and establish a current national weighted average cost of production. This study shall be updated annually and shall include all typical variable costs, including interest costs, a return on fixed costs, and a return for management. 5

6 Overview of the CAR Estimation Project Accounts for 12 commodities annually from 1975 Based on data from ARMS commodity surveys Commodity surveys conducted every 4-8 years on a rotating basis Estimates between surveys are updates based on annual price, acreage, and production changes Methods recommended by the American Agricultural Economics Association 6

7 ARMS Data for CAR Estimates Crop commodities Rice 2013 Peanuts 2013 Soybeans 2012 Grain sorghum 2011 Barley 2011 Corn 2010 Wheat 2009 Cotton 2007 Oats 2005 Mandated Estimates Livestock commodities Cow-calf 2008 Dairy 2010 Hogs 2009 Upcoming surveys Oats 2015 Cotton 2015 Hogs 2015 Corn 2016 Dairy 2016 Wheat

8 CAR Estimates Disseminated on the ERS site Cost and return estimates are in Excel spreadsheets for the most recent 2 years and the historical series 8

9 2 Crop Chemical Use Estimates Food Quality Protection Act of 1996 NASS data on pesticide use describes at the state level commodity acreages and active ingredient (ai), chemical use (percent crop treated, average ai applied/acre/treatment, average number of treatments, average ai applied/acre/crop year, total ai applied). These data play a key role in EPA's pesticide risk and pesticide benefit assessments. 9

10 Overview of Chemical Use Estimation Chemical quantities estimated from ARMS individual fertilizer and pesticide applications Pest Management practices are reported in ARMS Chemical use and practice data are collected on a rotating basis by commodity Chemical use and practice data are collected for a variety of crop and livestock commodities 10

11 Chem Use Estimates Disseminated on Quickstats NASS agricultural chemical use data are published to the Quick Stats database 11

12 Chem Use Estimates Disseminated on Quickstats Estimates summarized for all surveyed States and for each State separately 12

13 3 Crop Production Practice Estimates ARMS Tailored Reports allow the public user to view and download a variety of statistics in two areas Farm Structure and Finance Structure and financial status and performance of U.S. farm operators, their households, and farm business Crop Production Practices Status and trends in crop production practices for several field crops. 13

14 Crop Practices Disseminated on the ERS site Users can generate tailored reports of several crop production practices 14

15 Crop Practices Disseminated on the ERS site Tailored reports of crop production practices can be summarized by 2 groups 15

16 Crop Practices Disseminated on the ERS site Example showing crop residue management practices by region and production system 16

17 4 Crop Production Research Linking the phase 2 crop production data with the phase 3 farm financial data enhances research opportunities using the ARMS Research opportunities include areas such as: -Production Structure and Structural Change -Impacts of Technology and Practice Adoption -Government Program Participation 17

18 Characteristics and Production Costs -Summary of the ARMS commodity survey data -Data summaries by: -Low vs High Cost -Size of operation -Region -Compares summaries with prior ARMS data 18

19 Adoption of Genetically Engineered Crops -ARMS measures adoption of genetically engineered crops since introduced in Uses economic model to estimate impact of adoption on yields, pesticide use, and profits 19

20 Glyphosate Resistance Management -ARMS data examine growing problem with herbicide-tolerant weeds in corn and soybeans -Greater problem in soybean production -More cost-effective to manage resistance than to ignore resistance 20

21 Precision Agriculture Adoption -ARMS shows yield monitors are most adopted for corn and soybeans -Oftentimes this information is not used to full potential -The adoption of farm equipment guidance systems is growing 21

22 Profit Potential of Organic Field Crop Production -ARMS examines profit potential of organic compared with conventional production -Organic field crops yield less, cost more to produce, but price premiums generate higher profits 22

23 Why respond to the ARMS phase 2? ARMS informs legislators, agribusinesses, farm groups, USDA leaders, consultants, and farmers about the costs and input use of U.S. production agriculture ARMS informs the EPA with unbiased information about actual farm chemical use ARMS is the Voice of U.S. farmers the opportunity to inform and educate legislators and their staff, who often know little about production agriculture ARMS is the Science-Based Information needed as a balance with agenda-driven information 23

24 Information about ARMS Phase 2 Commodity CAR data product: Chemical Use data product: vironmental/index.asp ARMS tailored reports: ERS ARMS publications: wmcbride@ers.usda.gov 24

298,320 3,041 107,825. Missouri Economic Research Brief FARM AND AGRIBUSINESS. Employment. Number of Agribusinesses.

298,320 3,041 107,825. Missouri Economic Research Brief FARM AND AGRIBUSINESS. Employment. Number of Agribusinesses. Missouri Economic Research Brief FARM AND AGRIBUSINESS Missouri s Farm and Agribusiness Missouri s farm and agribusiness sectors include crops, livestock, industries supporting farm production and farm-related

More information

Adoption of GE Crops by U.S. Farmers Increases Steadily

Adoption of GE Crops by U.S. Farmers Increases Steadily Adoption of GE Crops by U.S. Farmers Increases Steadily Farmers are more likely to adopt new practices and technologies if they expect to benefit from them. Benefits are usually thought of in monetary

More information

Market-Driven Inventory System (MDIS)

Market-Driven Inventory System (MDIS) Market-Driven Over the last dozen years, low-price and high-price extremes revealed shortcomings of the U.S. agricultural commodity program. Under the current program when supply exceeds demand, crop prices

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

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

Public Perceptions of Labeling Genetically Modified Foods

Public Perceptions of Labeling Genetically Modified Foods Public Perceptions of Labeling Genetically Modified Foods Working Paper 2013-01 William K. Hallman, Ph.D. Cara L. Cuite, Ph.D. Xenia K. Morin, Ph.D. Release date: November 1, 2013 For more information:

More information

Post-Freedom to Farm Shifts in Regional Production Patterns

Post-Freedom to Farm Shifts in Regional Production Patterns Post-Freedom to Farm Shifts in Regional Production Patterns AFPC Working Paper 01-6 David P. Anderson James W. Richardson Edward G. Smith Agricultural and Food Policy Center Department of Agricultural

More information

FACT SHEET. Production Risk

FACT SHEET. Production Risk ALABAMA AGRICULTURAL & MECHANICAL UNIVERSITY SMALL FARMERS RESEARCH CENTER FACT SHEET Production Risk Any production related activity or event that is uncertain is a production risk. Agricultural production

More information

Crop residue management (CRM), a cultural practice that

Crop residue management (CRM), a cultural practice that Chapter V Crop Residue Management Practices Crop residue management (CRM), a cultural practice that involves fewer and/or less intensive tillage operations and preserves more residue from the previous

More information

Evaluating Taking Prevented Planting Payments for Corn

Evaluating Taking Prevented Planting Payments for Corn May 30, 2013 Evaluating Taking Prevented Planting Payments for Corn Permalink URL http://farmdocdaily.illinois.edu/2013/05/evaluating-prevented-planting-corn.html Due to continuing wet weather, some farmers

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

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

The Supplementary Insurance Coverage Option: A New Risk Management Tool for Wyoming Producers

The Supplementary Insurance Coverage Option: A New Risk Management Tool for Wyoming Producers The Supplementary Insurance Coverage Option: A New Risk Management Tool for Wyoming Producers Agricultural Marketing Policy Center Linfield Hall P.O. Box 172920 Montana State University Bozeman, MT 59717-2920

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

ENERGY IN FERTILIZER AND PESTICIDE PRODUCTION AND USE

ENERGY IN FERTILIZER AND PESTICIDE PRODUCTION AND USE Farm Energy IQ Conserving Energy in Nutrient Use and Pest Control INTRODUCTION Fertilizers and pesticides are the most widely used sources of nutrients and pest control, respectively. Fertilizer and pesticides

More information

Effects of Recent Energy Price Reductions on U.S. Agriculture

Effects of Recent Energy Price Reductions on U.S. Agriculture United States Department of Agriculture BIO-04 June 2015 A Report from the Economic Research Service www.ers.usda.gov Effects of Recent Energy Price Reductions on U.S. Agriculture Kandice K. Marshall,

More information

Analysis of the STAX and SCO Programs for Cotton Producers

Analysis of the STAX and SCO Programs for Cotton Producers Analysis of the STAX and SCO Programs for Cotton Producers Jody L. Campiche Department of Agricultural Economics Oklahoma State University Selected Paper prepared for presentation at the Agricultural &

More information

this section shall not count toward pay limits under the 2014 Farm Bill limits. (Section 1119)

this section shall not count toward pay limits under the 2014 Farm Bill limits. (Section 1119) Title I Commodities (1) Repeal of Direct Payments Section 1101 of the House bill repeals direct payments effective with the 2014 crop year. The section continues direct payments for the 2013 crop year

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

AFBF Comparison of Senate and House Committee passed Farm Bills May 16, 2013

AFBF Comparison of Senate and House Committee passed Farm Bills May 16, 2013 CURRENT LAW SENATE AG COMMITTEE (S. 954) HOUSE AG COMMITTEE (HR 1947) Reported out of Committee 15 5 Reported out of Committee 36 10 Cost $979.7 billion over the 10 years before sequester reductions of

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

Introductory Pricing/Marketing Workshop for Grains, On-Line

Introductory Pricing/Marketing Workshop for Grains, On-Line (Lecture notes for the first session, 2/3/14) Introductory Pricing/Marketing Workshop for Grains, On-Line Introduction Michigan State University Extension (MSUE) and Michigan CORN are offering this on-line

More information

Details of the Proposed Stacked Income Protection Plan (STAX) Program for Cotton Producers and Potential Strategies for Extension Education

Details of the Proposed Stacked Income Protection Plan (STAX) Program for Cotton Producers and Potential Strategies for Extension Education Journal of Agricultural and Applied Economics, 45,3(August 2013):569 575 Ó 2013 Southern Agricultural Economics Association Details of the Proposed Stacked Income Protection Plan (STAX) Program for Cotton

More information

PREMIUM RATE ADJUSTMENT

PREMIUM RATE ADJUSTMENT PREMIUM RATE ADJUSTMENT Background on Process Section 508(i) of the Federal Crop Insurance Act (Act) requires the Risk Management Agency (RMA) to set premium rates and implement rate changes in a timely

More information

Protecting Your Investment- Canola Crop Insurance Options

Protecting Your Investment- Canola Crop Insurance Options Protecting Your Investment- Canola Crop Insurance Options December 2014 2015 Crop Year Supplemental Coverage Option The 2014 Farm Bill authorized the new Supplemental Coverage Option (SCO) endorsement

More information

U.S. crop program fiscal costs: Revised estimates with updated participation information

U.S. crop program fiscal costs: Revised estimates with updated participation information U.S. crop program fiscal costs: Revised estimates with updated participation information June 2015 FAPRI MU Report #02 15 Providing objective analysis for 30 years www.fapri.missouri.edu Published by the

More information

Agriculture s Supply and Demand for Energy and Energy Products

Agriculture s Supply and Demand for Energy and Energy Products United States Department of Agriculture Economic Research Service Economic Information Bulletin Number 112 May 213 Agriculture s Supply and Demand for Energy and Energy Products Jayson Beckman Allison

More information

Agricultural Outlook Forum For Release: Monday, February 23, 1998 AGRICULTURAL RISK MANAGEMENT AND THE ROLE OF THE PRIVATE SECTOR

Agricultural Outlook Forum For Release: Monday, February 23, 1998 AGRICULTURAL RISK MANAGEMENT AND THE ROLE OF THE PRIVATE SECTOR Agricultural Outlook Forum For Release: Monday, February 23, 1998 AGRICULTURAL RISK MANAGEMENT AND THE ROLE OF THE PRIVATE SECTOR Joseph W. Glauber Deputy Chief Economist U.S. Department of Agriculture

More information

CORN IS GROWN ON MORE ACRES OF IOWA LAND THAN ANY OTHER CROP.

CORN IS GROWN ON MORE ACRES OF IOWA LAND THAN ANY OTHER CROP. CORN IS GROWN ON MORE ACRES OF IOWA LAND THAN ANY OTHER CROP. Planted acreage reached a high in 1981 with 14.4 million acres planted for all purposes and has hovered near 12.5 million acres since the early

More information

An Analysis of a Market-Driven Inventory System (MDIS)

An Analysis of a Market-Driven Inventory System (MDIS) An Analysis of a Market-Driven Inventory System (MDIS) Harwood D. Schaffer, Research Assistant Professor Chad Hellwinckel, Research Assistant Professor Daryll E. Ray, Professor and Co-Director Daniel G.

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

Determining the Use of Technology in World Food and Fiber Production

Determining the Use of Technology in World Food and Fiber Production Lesson A8 1 Determining the Use of Technology in World Food and Fiber Production Unit A. Mechanical Systems and Technology Problem Area 8. Technology Systems Lesson 1. Determining the Use of Technology

More information

Managing Specialty Crop Risk in North Carolina: A Working Paper

Managing Specialty Crop Risk in North Carolina: A Working Paper Managing Specialty Crop Risk in North Carolina: A Working Paper James Robinson, Research & Policy Associate, RAFI Scott Marlow, Executive Director, RAFI Michelle Madeley, MPH-MCRP Candidate, UNC Chapel

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

JOINT EXPLANATORY STATEMENT OF THE COMMITTEE OF CONFERENCE

JOINT EXPLANATORY STATEMENT OF THE COMMITTEE OF CONFERENCE JOINT EXPLANATORY STATEMENT OF THE COMMITTEE OF CONFERENCE The managers on the part of the House and the Senate at the conference on the disagreeing votes of the two Houses on the amendment of the House

More information

GPEC 2004 Paper Abstract #37: Title: Soy vs. Petro Polyols, A Life Cycle Comparison. Author(s): J. Pollack, Omni Tech International, Ltd.

GPEC 2004 Paper Abstract #37: Title: Soy vs. Petro Polyols, A Life Cycle Comparison. Author(s): J. Pollack, Omni Tech International, Ltd. GPEC 2004 Paper Abstract #37: Title: Soy vs. Petro Polyols, A Life Cycle Comparison Author(s): J. Pollack, Omni Tech International, Ltd. The 2002 Farm Bill contains a section that mandates all federal

More information

18. Agricultural Policy

18. Agricultural Policy 18. Agricultural Policy Congress should phase down and terminate crop subsidies, a process that was supposed to begin with passage of the 1996 Freedom to Farm Act; move farmers toward the use of market-based

More information

Map 1. Average Dollar Value of Agricultural Products Sold per Farm

Map 1. Average Dollar Value of Agricultural Products Sold per Farm Profiles: Government Farm Payments and Other Government Transfer Payments in the United States Iowa State University Department of Economics Authors: Liesl Eathington, Research Associate Dave Swenson,

More information

Agriculture & Business Management Notes...

Agriculture & Business Management Notes... Agriculture & Business Management Notes... Preparing and Analyzing a Cash Flow Statement Quick Notes... Cash Flow Statements summarize cash inflows and cash outflows over a period of time. Uses of a Cash

More information

How To Insure A Crop

How To Insure A Crop Materials Prepared for Federation of Southern Cooperatives Epes, Alabama September 11, 2009 Group Risk Crop Insurance by Karen R. Krub Farmers Legal Action Group, Inc. 360 North Robert Street, Suite 500

More information

GM crops: global socio-economic and environmental impacts 1996-2012

GM crops: global socio-economic and environmental impacts 1996-2012 GM crops: global socio-economic and environmental impacts 1996-2012 Graham Brookes & Peter Barfoot PG Economics Ltd, UK Dorchester, UK May 2014 Table of contents Foreword...8 Executive summary and conclusions...9

More information

Cash to Accrual Income Approximation

Cash to Accrual Income Approximation Cash to Accrual Income Approximation With this program, the user can estimate accrual income using the Schedule F from his/her federal income tax return. Fast Tools & Resources Farmers typically report

More information

How To Calculate Safety Net Programs In The Farm Bill

How To Calculate Safety Net Programs In The Farm Bill Disclaimer The Farm Bill Down in the Weeds Numbers by Dr. G. Art Barnaby, Jr. Professor, Agricultural Economics. Kansas State University KSU Presentation Spring, 2014 Email: barnaby@ksu.edu Phone 78531515

More information

Glyphosate Levels in Breakfast Foods: What is safe?

Glyphosate Levels in Breakfast Foods: What is safe? Glyphosate Levels in Breakfast Foods: What is safe? The Alliance for Natural Health USA April 19, 2016 Glyphosate is the active ingredient in the world s most widely used herbicide, its use being largely

More information

Status and trends in perception of Organic vegetable and fruit production in China

Status and trends in perception of Organic vegetable and fruit production in China Chinese-Danish Networking Status and trends in perception of Organic vegetable and fruit production in China Yuhui Qiao Dr. Associate Professor Department of Ecology and Ecological Engineering China Agricultural

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

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

U.S. Farm Income. Randy Schnepf Specialist in Agricultural Policy. February 28, 2014. Congressional Research Service 7-5700 www.crs.

U.S. Farm Income. Randy Schnepf Specialist in Agricultural Policy. February 28, 2014. Congressional Research Service 7-5700 www.crs. Randy Schnepf Specialist in Agricultural Policy February 28, 2014 Congressional Research Service 7-5700 www.crs.gov R40152 Summary According to USDA s Economic Research Service (ERS), national net farm

More information

Implications of Crop Insurance as Social Policy

Implications of Crop Insurance as Social Policy Implications of Crop Insurance as Social Policy Bruce Babcock Iowa State University Presented at the Minnesota Crop Insurance Conference Sept 10, 2014 Mankato, MN Summary of talk 2014 farm bill irrevocably

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

Southern IPM Center. Proposal/Project Management System

Southern IPM Center. Proposal/Project Management System Southern IPM Center Proposal/Project Management System Project Title: State Contact and IPM Documents for Kentucky Principle Investigator Patricia Lucas [1] State: KY Organization: University of Kentucky

More information

Overview of the United States Dairy Industry

Overview of the United States Dairy Industry ISSN: Overview of the United States Dairy Industry Released September 22, 2010, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States Department of Agriculture

More information

The Diverse Structure and Organization of U.S. Beef Cow-Calf Farms

The Diverse Structure and Organization of U.S. Beef Cow-Calf Farms United States Department of Agriculture Economic Research Service Economic Information Bulletin Number 73 March 2011 The Diverse Structure and Organization of U.S. Beef Cow-Calf Farms William D. McBride

More information

AIC Farm Bill Brief #1

AIC Farm Bill Brief #1 University of California July 2007 Agricultural Issues Center AIC Farm Bill Brief #1 The Farm Bill and California Food and Agriculture* Daniel A. Sumner** Every five years or so the United States reconsiders

More information

Potential Farm-Level Impacts of Proposed FQPA Implementation: The Tennessee Case 1,2

Potential Farm-Level Impacts of Proposed FQPA Implementation: The Tennessee Case 1,2 Agricultural Policy Analysis Center The University of Tennessee 310 Morgan Hall Knoxville, TN 37901-1071 Phone (423) 974-7407 FAX (423) 974-7298 www.apacweb.ag.utk.edu Potential Farm-Level Impacts of Proposed

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

Spatial Distribution of Precision Farming Technologies in Tennessee. Burton C. English Roland K. Roberts David E. Sleigh

Spatial Distribution of Precision Farming Technologies in Tennessee. Burton C. English Roland K. Roberts David E. Sleigh Spatial Distribution of Precision Farming Technologies in Tennessee Burton C. English Roland K. Roberts David E. Sleigh Research Report 00-08 February 2000 Department of Agricultural Economics and Rural

More information

Setting up your Chart of Accounts

Setting up your Chart of Accounts FARM FUNDS WORKSHEETS Setting up your Chart of Accounts Supplies Supplies are any inputs that will be used on a field, group of livestock, or equipment. Setting up a supply will set up the related expense

More information

How Large is the 2012 Crop Insurance Underwriting Loss? 1

How Large is the 2012 Crop Insurance Underwriting Loss? 1 Disclaimer: This web page is designed to aid farmers with their marketing and risk management decisions. The risk of loss in trading futures, options, forward contracts, and hedge-to-arrive can be substantial

More information

Cash Flow Analysis Worksheets

Cash Flow Analysis Worksheets Cash Flow Analysis Worksheets Trent Teegerstrom Introduction This article describes the cash budget and analysis worksheets available for downloading at the Department of Agricultural and Resource Economics

More information

Wheat Transportation Profile

Wheat Transportation Profile Wheat Transportation Profile Agricultural Marketing Service / Transportation and Marketing Programs November 2014 Marina R. Denicoff Marvin E. Prater Pierre Bahizi Executive Summary America s farmers depend

More information

Impact of Fuel Price Increases on Texas Crops

Impact of Fuel Price Increases on Texas Crops Impact of Fuel Price Increases on Texas Crops Chris R. Eggerman Research Assistant Department of Agricultural Economics Texas A&M University College Station, Texas 77843-2124 creggerman@ag.tamu.edu James

More information

Outline. What is IPM Principles of IPM Methods of Pest Management Economic Principles The Place of Pesticides in IPM

Outline. What is IPM Principles of IPM Methods of Pest Management Economic Principles The Place of Pesticides in IPM Improving Control Systems in Thailand for Plant and Plants Products Intended for Export to the European Union co-funded by the European Union and Thai Department of Agriculture Preharvest Use of Pesticides

More information

4. Existing agricultural insurance systems in the World

4. Existing agricultural insurance systems in the World 4. Existing agricultural insurance systems in the World 4.1 Definitions of agricultural insurance schemes Single-risk insurance: Single-risk insurance covers against one peril or risk, e.g. hail. Combined

More information

Precision Agriculture Using SAP HANA and F4F Cloud Integration to Improve Agribusiness. Dr. Lauren McCallum May, 2015

Precision Agriculture Using SAP HANA and F4F Cloud Integration to Improve Agribusiness. Dr. Lauren McCallum May, 2015 Precision Agriculture Using SAP HANA and F4F Cloud Integration to Improve Agribusiness Dr. Lauren McCallum May, 2015 Global trends impact agribusiness Shrinking cultivable acreage: Loss of over 24 million

More information

Abstract. In this paper, we attempt to establish a relationship between oil prices and the supply of

Abstract. In this paper, we attempt to establish a relationship between oil prices and the supply of The Effect of Oil Prices on the Domestic Supply of Corn: An Econometric Analysis Daniel Blanchard, Saloni Sharma, Abbas Raza April 2015 Georgia Institute of Technology Abstract In this paper, we attempt

More information

THE ECONOMIC IMPACT OF GENETICALLY ENGINEERED CROPS

THE ECONOMIC IMPACT OF GENETICALLY ENGINEERED CROPS 2nd Quarter 2010 25(2) THE ECONOMIC IMPACT OF GENETICALLY ENGINEERED CROPS David Zilberman, Steve E. Sexton, Michele Marra, and Jorge Fernandez-Cornejo Since the 1990s, genetic plant engineering has yielded

More information

May 31, 2002 CERTIFIED MAIL. Ronald Landis, Ph.D. Landis International 3185 Madison Highway PO Box 5126 Valdosta, GA 31603-5126. Dear Mr.

May 31, 2002 CERTIFIED MAIL. Ronald Landis, Ph.D. Landis International 3185 Madison Highway PO Box 5126 Valdosta, GA 31603-5126. Dear Mr. UNITED STATES ENVIRONMENTAL PROTECTION AGENCY WASHINGTON, D.C. 20460 OFFICE OF PREVENTION, PESTICIDES AND TOXIC SUBSTANCES May 31, 2002 CERTIFIED MAIL Ronald Landis, Ph.D. Landis International 3185 Madison

More information

Institute of Ag Professionals

Institute of Ag Professionals Institute of Ag Professionals Proceedings of the 2014 Crop Pest Management Shortcourse & Minnesota Crop Production Retailers Association Trade Show www.extension.umn.edu/agprofessionals Do not reproduce

More information

Farm Financial Statements Net Worth Statement Statement of Cash Flows Net Income Statement Statement of Owner Equity

Farm Financial Statements Net Worth Statement Statement of Cash Flows Net Income Statement Statement of Owner Equity Farm Financial Statements Net Worth Statement Statement of Cash Flows Net Income Statement Statement of Owner Equity Recording Transactions in the Date Cash Journal Description Value Amount (bu., lb.,

More information

How Crop Insurance Works. The Basics

How Crop Insurance Works. The Basics How Crop Insurance Works The Basics Behind the Policy Federal Crop Insurance Corporation Board of Directors Approve Policies Policy changes General direction of program Risk Management Agency Administers

More information

Ontario Agri Business Association Economic Impact Analysis Executive Summary

Ontario Agri Business Association Economic Impact Analysis Executive Summary Ontario Agri Business Association Economic Impact Analysis Executive Summary Prepared by: MNP LLP October, 2013 INTRODUCTION The Ontario Agri Business Association (OABA) commissioned MNP LLP (MNP) to carry

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

ProPartners Financial Application Cover Page Please fax to 651-282-7861 with application

ProPartners Financial Application Cover Page Please fax to 651-282-7861 with application Loan Information: ProPartners Financial Application Cover Page Please fax to 651-282-7861 with application Applicant Name: Requested Amount Dealer Buy Down - % Dealer Add-On + % (Buy-down and add-on are

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

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

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

Research Report Comparison of the counter cyclical payment program to a proposed counter cyclical revenue program

Research Report Comparison of the counter cyclical payment program to a proposed counter cyclical revenue program econstor www.econstor.eu Der Open-Access-Publikationsserver der ZBW Leibniz-Informationszentrum Wirtschaft The Open Access Publication Server of the ZBW Leibniz Information Centre for Economics Richardson,

More information

Farming at dairy farms (produktion på mælkelandbrug)

Farming at dairy farms (produktion på mælkelandbrug) Farming at dairy (produktion på mælkelandbrug) Process description The present data refer to production on eight typical Danish Dairy in 2000, which combines dairy and (cash) crop production in a mixed

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

Basic Farming Questions What did you grow on the farm when you first started? Are you a first generation farm owner or has your family been in

Basic Farming Questions What did you grow on the farm when you first started? Are you a first generation farm owner or has your family been in MASTER LIST OF POSSIBLE QUESTIONS FOR FARMER INTERVIEWS: Choose a subset of 15-20 of these questions and have them ready in case the conversation hits a slow spot. Personal History When did you start farming?

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

The Role of Crop Insurance Participation in Farm-level Financial Leverage

The Role of Crop Insurance Participation in Farm-level Financial Leverage The Role of Crop Insurance Participation in Farm-level Financial Leverage Eric Belasco Anton Bekkerman Department of Agricultural Economics and Economics Montana State University Bozeman, MT Crop Insurance

More information

Risk Management Agency

Risk Management Agency Risk Management Agency Premium Rate Study Update Questions & Answers November 2012 Q1 Why is RMA examining premium rates and the process for determining them? A1 Section 508(i) of the Federal Crop Insurance

More information

DAIRY DEVELOPMENT PROGRAMS MOZAMBIQUE(2009-2016)

DAIRY DEVELOPMENT PROGRAMS MOZAMBIQUE(2009-2016) DAIRY DEVELOPMENT PROGRAMS MOZAMBIQUE(2009-2016) Who We Are: Land O Lakes International Development (IDD): a division of Land O Lakes Inc, a member-owed cooperative - Since 1981 Land O Lakes IDD implements

More information

CHAPTER 9 JOINT COSTS, GENERAL FARM OVERHEAD, AND RIGHTS TO PRODUCE

CHAPTER 9 JOINT COSTS, GENERAL FARM OVERHEAD, AND RIGHTS TO PRODUCE CHAPTER 9 JOINT COSTS, GENERAL FARM OVERHEAD, AND RIGHTS TO PRODUCE JOINT COSTS Definitions Joint production costs have been defined in the economic literature as costs that "are incurred on groups of

More information

Grain Stocks Estimates: Can Anything Explain the Market Surprises of Recent Years? Scott H. Irwin

Grain Stocks Estimates: Can Anything Explain the Market Surprises of Recent Years? Scott H. Irwin Grain Stocks Estimates: Can Anything Explain the Market Surprises of Recent Years? Scott H. Irwin http://nationalhogfarmer.com/weekly-preview/1004-corn-controversies-hog-market http://online.wsj.com/news/articles/sb10001424052970203752604576641561657796544

More information

The Impact of Alternative Farm Bill Designs on the Aggregate Distribution of Farm Program Payments. Keith H. Coble and Barry J.

The Impact of Alternative Farm Bill Designs on the Aggregate Distribution of Farm Program Payments. Keith H. Coble and Barry J. The Impact of Alternative Farm Bill Designs on the Aggregate Distribution of Farm Program Payments Keith H. Coble and Barry J. Barnett Abstract Several 2007 farm bill proposals focused on reforming commodity

More information

Farm Production Expenditures Methodology and Quality Measures

Farm Production Expenditures Methodology and Quality Measures ISSN: 2166-966X Farm Production Expenditures Methodology and Quality Measures Released August 2, 2013, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States

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

Agricultural Commodity Marketing: Futures, Options, Insurance

Agricultural Commodity Marketing: Futures, Options, Insurance Agricultural Commodity Marketing: Futures, Options, Insurance By: Dillon M. Feuz Utah State University Funding and Support Provided by: On-Line Workshop Outline A series of 12 lectures with slides Accompanying

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

O r g a n i c f o o d i s a g r o w t h i n d u s t r y. F i n d o u t a b o u t s o m e o f t h e j o b s t h a t b r i n g o r g a n i c s f r o m

O r g a n i c f o o d i s a g r o w t h i n d u s t r y. F i n d o u t a b o u t s o m e o f t h e j o b s t h a t b r i n g o r g a n i c s f r o m O r g a n i c f o o d i s a g r o w t h i n d u s t r y. F i n d o u t a b o u t s o m e o f t h e j o b s t h a t b r i n g o r g a n i c s f r o m t h e f a r m a n d t h e f a c t o r y t o y o u r

More information

Farm Commodity Programs and the 2007 Farm Bill

Farm Commodity Programs and the 2007 Farm Bill Order Code RS21999 Updated January 25, 2008 Farm Commodity Programs and the 2007 Farm Bill Jim Monke Specialist in Agricultural Policy Resources, Science, and Industry Division Summary The farm commodity

More information

Specifications of Futures and Options Contracts

Specifications of Futures and Options Contracts Specifications of Futures and Options Contracts Overview There have been organized commodity exchanges in the United States since the Chicago Board of Trade (CBOT) was established in 1848. Other agricultural

More information

Biotech Foods Community Snapshot

Biotech Foods Community Snapshot Biotech Foods Community Snapshot Introduction Lesson Introduction Biotechnology is becoming a commonly used term in today s society. Recent surveys conducted on consumer attitudes toward biotech foods,

More information

Speaker Summary Note

Speaker Summary Note 2020 CONFERENCE MAY 2014 Session: Speaker: Speaker Summary Note Building Resilience by Innovating and Investing in Agricultural Systems Mark Rosegrant Director, Environment and Production Technology Division

More information

Guide to Cereals in the UK

Guide to Cereals in the UK Guide to Cereals in the UK WHEAT Wheat is the most widely grown arable crop in the UK. On average, it covers around 2 million hectares of land and produces about 15 million tonnes of wheat each year with

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