Risk and Profit Conference

An annual conference hosted by the Department of Agricultural Economics that provides an opportunity for key agricultural decision makers to interact with each other and with faculty.

Dates & Location
August 17 - 18, 2017

Manhattan

K-State Alumni Center
100 Alumni Center 1720 Anderson Ave
Manhattan , KS  66506

Rich Llewelyn
785.532.1504
rvl@ksu.edu

Schedule
Keynote speakers
Breakout sessions

1. Kansas Land Values and Rental Rates - Mykel Taylor

 


2. Benchmarking Farm Financials During Challenging Times - Robin Reid

 


3. Interest Rate Outlook - Brian Briggeman

With an improving U.S. economy, many are expecting the Federal Open Market Committee to continue to raise interests. However, when will it happen? Will it be a rapid rise? How might higher rates impact U.S. agriculture? In this presentation, Dr. Briggeman will discuss the current and future path of interest rates, and the ramifications of interest rates on agriculture.


4. Replacing Farm Equipment - Gregg Ibendahl

 


5. Farm Diversification as an Adaptive Capability: Examining the Resilience of Kansas Farms - Michael Lindbloom and Aleksan Shanoyan

The purpose of this study is to examine the impact of diversification on farm resilience.  The analysis utilizes an innovative system resilience approach in combination with panel database on Kansas farms.  Specifically, resilience index values were computed for more than 1400 farms during three distinct periods of economic and agro-ecological shocks.  Additionally, a unique diversification index was computed at the individual farm level accounting for variation in crop selections across acres and across years.  The results indicate that the farm size and the level of diversification play an important role in farm's ability to withstand and recover from unexpected economic and agro-ecological shocks.


6. Farm Profitability Persistence and Key Characteristics - Jayce Stabel and Terry Griffin

 


7. Farm Accounting with QuickBooks: A Hands-On Workshop - Mark Dikeman

This session will provide participants a hands-on introduction to QuickBooks as a farm business accounting program. Participants will be provided a printed manual which will be used as a guide to work with a sample farm.  In the sample farm, participants will add bank accounts and liabilities, enter checks, make deposits, work with bills (accounts payable), and create and manage invoices (accounts receivable). Computers with QuickBooks installed will be available for participants to use during the workshop.  This session will be four hours in length and is limited to 10 participants.


8. When You Retire From Farming/Ranching and Transition From Operator to Landlord, Are You Still a Farmer/Rancher For Income And Estate Tax Purposes? - Bryan Manny

 


9. Non-Convergence and Variable Storage Rates in Futures Markets - Art Barnaby, Beth Yeager, Dan O’Brien

 


10. Bluestem Pasture Survey - Leah Tsoodle and Xianghong Li

 


11. An Updated Look at Live Cattle Price Discovery - Brian Coffey

Over the past several years, methods of live cattle marketing and pricing have changed.  One notable shift has been that, at the national level, the proportion of all live cattle sold on a dressed basis has steadily increased.  At the same time the proportion of negotiated purchases made on a dressed basis has declined.  It is unclear how these two trends—the former indicating an increased aggregate importance of dressed marketing and the latter a smaller influence of dressed marketings on reported prices—interact to influence live price discovery in cash and futures markets.  We will map out these changes at the national level and in Kansas and Nebraska to give a picture of how live cattle marketing has changed over time.  After that, we show results from statistical analysis that measures the relative importance of live and dressed negotiated prices in the live cattle price discovery process.


12. Managing Change - Deborah Kohl

 


13. Ethanol and Biodiesel Market and Profitability Prospects - Dan O’Brien

 


14. Margin Protection Insurance - Monte Vandeveer and Art Barnaby

 


15. Administration’s Proposed Cuts to Crop Insurance - Mykel Taylor and Art Barnaby

 


16. How Crop Insurance Affects Farm Business Survivability - Dustin Pendell, Jisang Yu, Youngjune Kim

 


17. Basis Risk and Effectiveness of Rainfall Index Insurance for Pasture, Rangeland, and Forage – Jisang Yu, Monte Vandeveer, Jerry Volesky

 


18. Economics of Surface Water and Groundwater Interactions - Gabe Sampson

 


19. A Booming Interest in Groundwater Conservation in Kansas—Why Now? - Bill Golden

 


20. Precision Agriculture Profitability - Terry Griffin

 


 

Registration information
Trade show
Directions

To Manhattan, Kansas and the K-State Alumni Center (17th & Anderson):

From the east: I-70 to exit 313. North on Hwy 177 to Ft. Riley Blvd then west to 17th Street. North (right) on 17th to Anderson Ave. 

From the west: I-70 to exit 303. North on Hwy K114/K18 (Ft. Riley Blvd) to 17th St. North (left) on 17th to Anderson.

From the north: Hwy 77 south to Seth Child Rd (Hwy 113). South on Seth Child to Anderson Ave. East (left) on Anderson to 17th St.

Hotel accomodations
Holiday Inn - Campus
 
1641 Anderson
 Manhattan, KS 66502
 785.539.7531
 Conference Rate: $99.95 + tax / night
 
Single or Double
 Rates valid August 18, 2016
 Cut-Off Date: August 1, 2017
 Use Group Code:
RIS
Four Points, By Sheraton
 530 Richards Dr
 Manhattan, KS 66502
 800.4.CHOICE or 785.539.5311
 Conference Rate: $81 + tax / night
 
Single or Double
 Ask for K-State Risk and Profit Block.
Cut-Off Date: July 31, 2017

 

Parking

Parking is available in the parking garage, but costs $1.50 per hour. In other lots, permits are required to park on the Kansas State University campus from 7 am to 5 pm Monday through Friday. Limited parking is available at the Alumni Center without a permit. A parking permit is included in the registration fee, but does NOT include the parking garage.

Permits will be available 10:00–12:00 on Thursday, August 18 at the Alumni Center driveway and at the entrance to the parking lot west of the Old Stadium or at the registration table throughout the conference.  You MUST obtain your conference parking permit before parking your vehicle on campus.  Hang this permit on your rearview mirror, facing the front of your vehicle.  This permit is not valid in metered lots.

  • Parking is permitted only in areas designated for parking

  • Parking is not permitted on campus streets or drives

  • Please observe HANDICAP, RESERVED and NO PARKING zones; these are TOW ZONES and violators will be towed.

  • Limited parking is available in the Alumni Parking. Be sure to get an Alumni Center parking tag from the registration desk.

  • More parking is available in the lot west of Old Stadium (across Denison Avenue), north of the Catholic Church, using the parking permit.

For more information, contact Rich Llewelyn at the phone or email below:
Phone: 785-532-1504  Email: rvl@ksu.edu