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Displaying 1681 - 1690 of 7942
Family Living
26,967
Non-Deductible Non-Farm Expense
-26,795 -6,792 -10,552
Deductible … 6,792 -10,552
Deductible Non-Farm Expense
-6,717 -6,625 -5,673 … Expense
-6,717 -6,625 -5,673
Non-Farm Income (1)
$14,410 $83,826 …
Family Living
12,619
Non-Deductible Non-Farm Expense
-2,123 -1,745
Deductible … Expense
-2,123 -1,745
Deductible Non-Farm Expense
-4,288 -3,519
NonFarm Income (1)
$106,817 $90,040 …
Family Living
Kansas Farm Management Associations
2008 … 5,208 3,754
NON-FARM INCOME … 49,259 $44,932
NET …
Family Living
13,025
Non-Deductible Non-Farm Expense
-481 -1,093 -650
Deductible … 1,093 -650
Deductible Non-Farm Expense
-2,288 -8,810 -8,227 … Expense
-2,288 -8,810 -8,227
Non-Farm Income (1)
$28,456 $39,796 …
Family Living
22,006
Non-Deductible Non-Farm Expense
-435 -9,596 -5,917
Deductible … 9,596 -5,917
Deductible Non-Farm Expense
-7,220 -4,323 -5,004 … Expense
-7,220 -4,323 -5,004
Non-Farm Income (1)
$29,912 $48,984 …
Family Living
39,887
Non-Deductible Non-Farm Expense
-2,820 -8,213 -5,593
Deductible … 8,213 -5,593
Deductible Non-Farm Expense
-6,115 -12,293 -9,11 … Expense
-6,115 -12,293 -9,115
Non-Farm Income (1)
$60,723 $62,429 …
Family Living
4,483
Non-Deductible Non-Farm Expense
-3,624 -4,238
Deductible … Expense
-3,624 -4,238
Deductible Non-Farm Expense
-13,947 -10,249
Non … Expense
-13,947 -10,249
Non-Farm Income (1)
$52,943 $46,251 …
September 19, 2017
Grain Market Outlook
Page | 4
I. U.S. Corn Market Situation and Outlook
September 12th USDA Crop Production & WASDE Reports
On September 12th the USDA World Agricultural Outlook Board (WAOB) released its September 2017
World Agricultural Supply and Demand Estimates (WASDE) report – containing U.S. and World corn supply‐
demand and price projections for the 2015/16, “old crop” 2016/17, and “new crop” 2017/18 marketing years
(MY) for corn. The “new crop” MY 2017/18 for U.S. corn began on September 1, 2017 and will last through
August 31, 2018. Earlier, on June 30th, the USDA National Agricultural Statistics Service (NASS)
(https://www.nass.usda.gov/) had released it’s Acreage (http://usda.mannlib.cornell.edu/usda/old crop/Acre/Acre‐06‐30‐2017.pdf) and
Grain Stocks (http://usda.mannlib.cornell.edu/usda/old crop/GraiStoc/GraiStoc‐06‐30‐2017.pdf) reports. Planted and harvested
acreage estimates from the June 30th Acreage report were used by the USDA to develop both the August 10th
and September 12th projections of 2017 U.S. corn production in the Crop Production and WASDE reports.
The USDA used at combination of in field objective yield measurements and farmers surveys conducted
between August 25th and September 6th for the September 12, 2017 NASS Crop Production report. The
objective yield surveys for corn were conducted in the major producing states for approximately 75% of U.S.
corn production. Counts were made within sample plots in person by USDA enumerators, recording number
of corn plants and ears, and ear weights in order to calculate the projected 2017 biological yields for each plot.
Average percent harvest loss was then subtracted from these biological yield estimates to obtain a net yield for
each plot sampled.
These same corn plots which were sampled for the August and September USDA NASS Crop Production
reports will revisited each month through crop maturity – with the corn produced from each of these plots
being sampled and weighed. The upcoming October 12th and November 9th USDA NASS Crop Production
reports will also be based on a similar combination of farmers’ own crop observations and actual in‐the‐field
yield measurements and conditions – with a final 2017 USDA NASS Crop Production Summary to be reported
in January 2018.
CME DECEMBER 2017 & JULY 2018 Corn Futures Trends
DECEMBER 2017 CME Corn Futures
Following a low of $3.58 ½ on August 31, 2016, DECEMBER 2017 Chicago Mercantile Exchange (CME) corn
futures prices trended upward over time to highs of $4.04 on February 28, 2017, $4.09 on June 8th, and $4.17
¼ on July 11th (Figure 1). Following that high, DEC 2017 corn futures prices have declined to lows of $3.44 ¼ on
August 31st, and $3.45 ½ on September 12th ‐ before closing at $3.51 ½ on Monday, September 18th.
JULY 2018 CME Corn Futures
In a similar trading pattern to DEC 2017 corn futures, following a low of $3.79 on August 31, 2016, JULY
2018 CME corn futures prices trended upward over time to highs of $4.18 ¾ on February 28, 2017, $4.26 ½ on
June 8th, and $4.34 ¼ on July 11th (Figure 1). Following that high, JULY 2018 corn futures prices declined to
lows of $3.71 on August 31st, and $3.72 ½ on September 12th ‐ before closing at $3.79 ¼ on Monday, Sept. 18th.
Page | 5
CME Corn Futures DEC 2017 – JULY 2018 Contract Spreads
The total futures carrying charge or “term spread” between DEC 2017 and JULY 2018 corn futures on
Monday, September 18th was $0.27 ¾ per bushel (i.e., $3.79 ¼ for JULY 2018 Corn less $3.51 ½ for DEC 2017
Corn), or $0.0396 per bushel per month over a 7‐month period. This compares to commercial grain storage
charges in Kansas grain elevators in the range of $0.04 to $0.05 per bushel per month – before accounting for
interest, additional handling costs, or other discounts.
Figure 1. DEC 2017 & JULY 2018 CME Daily Corn Futures Price Charts (as of September 18, 2017)
ne …
March 4, 2011
stocker segment
– Reduced farm-feeders (2010 vs 2009)
• … operations)
• Driving “high netfarm income”farm bill
discussion…) – …
August 1, 2021
Breakout Sessions
as Cow‐Calf ProductionKansas Farm Management AssociationCow‐Calf Management Data Collection:2019 & 2020 Survey
Hannah E. Shear, Oklahoma State UniversityDustin L. Pendell, Kansas State UniversityKevin Herbel, Kansas State University
Overview
•KFMA Data•Efficiency Estimation•Survey Update•Survey Results•Q & A
KFMA Data
• …