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December 1, 2015
KFMA Newsletters
As I write this, there are piles of grain on the ground in many areas of the state, market prices for grain below the cost of
production, uncertainty in the tax laws as we plan for the end of the year, reduced working capital and eroding debt
repayment capacity for many farms... all part of the current agriculture management environment. These are also
reminders to each of us of the importance of careful planning and consideration as management decisions are made.
Those of us working within the KFMA program and in the Agricultural Economics Department greatly appreciate the
efforts of those working on the farms and ranches of Kansas. We are thankful for the opportunity to provide farm
management information to farm decision makers through this newsletter and through delivery of the KFMA Program.
The KFMA motto is “Building Strong Relationships…Producing Excellence” and we desire to use this newsletter as a way
of building our relationship with you and to provide you with information that helps you achieve excellence. The KFMA
E‐Newsletter is sent quarterly throughout the year. This issue provides information on farm profitability, measuring
financial health, and the importance of understanding your farm’s current financial position and debt repayment ability.
Finally, we provide you with some guidance toward year‐end tax planning and management.
Further information can be found on the extension agricultural economics website at www.agmanager.info and the
KFMA website at www.agmanager.info/kfma. I would welcome any comments that you feel will be helpful for the KFMA
program to excel in our work with the farm families of Kansas as we seek to help you know your numbers, use your
numbers, and reach your goals. Till next time…
Kevin
…
August 1, 2021
Breakout Sessions
… the cost of
production
Feed Risk
If crop/forage yield decreases,
feed may become expensive
or difficult to purchase
Policies in red are
never … triggered
by farm‐specific
losses. This can
have some
advantages but
basis risk may be
an issue
Annual forage
Background
• …
2021 Risk and Profit Conference Recordings
… the cost of
production
Feed Risk
If crop/forage yield decreases,
feed may become expensive
or difficult to purchase
Policies in red are
never … triggered
by farm‐specific
losses. This can
have some
advantages but
basis risk may be
an issue
Annual forage
Background
• …
October 1, 2023
2023 Crop Insurance Workshop Presentations
Jennifer Ifft2023 Kansas Crop Insurance WorkshopSalina … possible gain in the futures market, if the option were exercised … up to about 800 pounds and market them in January.• Purchase …
September 1, 2021
Livestock Insurance, 2021 Ag Lenders Conference Presentations
Many insurance options for cow‐calf producers, most protect against feed/forage price risk and market price risk• Many options are “index based” • … 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 …
“Where’s My Amended Return” tool on the IRS.gov website• … ded. contributions – NO BASIS•Partial taxable
•If non-ded … non-ded. contributions made then BASIS only part that represents …
October 1, 2023
2023 Crop Insurance Workshop Presentations
agency –manages the Federal Crop Insurance Corporation.RMA … Corporation.RMA, via the FCIC provides crop insurance to American producers.13 … provide agents that sell the crop insurance to producers.The …
February 2016
Rental Rate Market Overview
The situation … letting up for
this upcoming crop year. The KFMA data from … decline in profitability of crop farms puts participants in …
October 1, 2021
2021 Crop Insurance Workshop Presentations
Cattle production is larger than crop production in KS based on sales $$$, but insurance use is limited• … High use: MPCI
https://agmanager.info/crop‐insurancecrop‐insurance‐papers‐and‐information/livestock‐insurance‐and‐lrp
Source: USDA Economic Research Service
Pasture, Rangeland, and Forage Insurance
• …
October 1, 2022
2022 Crop Insurance Workshop Presentations
Rowley, MS Student
CO, NE, KS Crop Insurance Conference
October … safety net for cattle?
“Crop insurance makes me feel like … decisions.”
“We can think of crop insurance as a business partner …