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March 24, 2021
COSTS
Total Cash Cost Plus Pasture Rent, Annual
Data Source: USDA & LMIC, Compiled by LMIC
Livestock Marketing Information Center
02/10/21
Profit driven by
more than just
sales prices….
Agricultural … 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 …
August 1, 2021
Breakout Sessions
n Rowley, MS Student
2021 KSU Risk and Profit Conference
Outline
• … Federal insurance options are
becoming more favorable
https://www.ksre.k‐state.edu/news/stories/2021/01/beef‐cattle‐winter‐ranch‐management‐series.html
Cow‐calf insurance options by type of risk
Production
FeedPrice
LRP
PRF
LGM
MPCI
WFRP
Production Risk:
Events such as disease or
weather that can lead to a
decline in production/weight
gain or mortality
Price Risk
Market price might drop,
even to the point of not
covering the cost of
production
Feed Risk
If crop/forage yield decreases,
feed may become expensive
or difficult to purchase
Policies in red are
never …
2021 Risk and Profit Conference Recordings
n Rowley, MS Student
2021 KSU Risk and Profit Conference
Outline
• … Federal insurance options are
becoming more favorable
https://www.ksre.k‐state.edu/news/stories/2021/01/beef‐cattle‐winter‐ranch‐management‐series.html
Cow‐calf insurance options by type of risk
Production
FeedPrice
LRP
PRF
LGM
MPCI
WFRP
Production Risk:
Events such as disease or
weather that can lead to a
decline in production/weight
gain or mortality
Price Risk
Market price might drop,
even to the point of not
covering the cost of
production
Feed Risk
If crop/forage yield decreases,
feed may become expensive
or difficult to purchase
Policies in red are
never …
August 1, 2017
Breakout Sessions
2017 Risk and Profit Conference
Breakout Session … Magnitude of impact
1. Introduction
Fundamental relationship:
Farmer engaging in productive activities
Many existing adaptive capabilities
2. Motivation and Objective
Motivation
Why are some farms more resilient than others?
No existing empirical measure of resilience in this context
Resilience measures will help identify most impactful adaptive capabilities
2. Motivation and Objective
Motivation
Help farmers improve system resilience
Minimize impacts of low probability/high impact events like the current farm crisis
2. Motivation and Objective
Objective
Determine farm characteristics and adaptive capabilities that influence farm resilience
Look specifically at the role of diversification as an adaptive capability on farm resilience
Elicit policy and production implications from the resilience/diversification relationship
3. Conceptual Framework
Resilience Triangle Approach1 …
September 1, 2021
Livestock Insurance, 2021 Ag Lenders Conference Presentations
Federal insurance options are becoming more favorable
https://www.ksre.k‐state.edu/news/stories/2021/01/beef‐cattle‐winter‐ranch‐management‐series.html
Cow‐calf insurance options by type of risk
Production
FeedPrice
LRP
PRF
LGM
MPCI
WFRP
Production Risk:Events such as disease or weather that can lead to a decline in production/weight gain or mortalityPrice RiskMarket price might drop, even to the point of not covering the cost of productionFeed RiskIf crop/forage yield decreases, feed may become expensive or difficult to purchase
Policies in red are never …
March 15, 2017
Grain Marketing Presentations
Chinese soybean imports
2) Ag Market Price Responsiveness … Responsiveness – Flexibility of Ag Prices
3) Favorable Weather … Soybean S-D (China Ministry of Ag, March 2017)
Q? How quickly …
November 8, 2019
Beef Cattle
cattle (Lawrence et al., 2008) and accounts for 60-70 … weight notably impact the profitability of a cowherd. Temperature …
October 15, 2018
2018 Crop Insurance Workshop Presentations
Cotton
3) Kansas Farm Cost & Profitability Trends
Dow Jones Industrial … KCOmaha Branch
Grain Market Events to Come ….
1) 2018 U.S … HRW wheat $’s in 2018?
o Profits for 2018 Kansas HRW Wheat …
August 3, 2016
Livestock Insurance, Breakout session presentations
2016 Risk and Profit Conference
Breakout Session … University and a Ph.D. in ag
economics from Purdue University … Pasture, Rangeland, & Forage (PRF) Insurance: Rainfall Insurance for Livestock and Forage Producers
KSU Risk and Profit ConferenceManhattan, KSAugust 18‐19, 2016
Dr. Monte VandeveerKSU Extension Agricultural Economist, SW Area
Insurance for pastures and perennial forage production?
• …
September 17, 2018
Grain Marketing Presentations
2018 - 2019
2018 KSU Risk & Profit Conference
Manhattan, Kansas
DANIEL … KCOmaha Branch
Grain Market Events to Come ….
1) 2018 U.S … HRW wheat $’s in 2018?
o Profits for 2018 Kansas HRW Wheat …