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Breakout Sessions
first-hand knowledge with livestock
production, Glynn has expertise … Regulatory�uncertainty
4. Tax�policy�uncertainty
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Available�at:�http://www.agmanager.info/livestock/budgets/production/default.asp#Beef�Cattle
How�much�“excess�capacity”�currently�exists�in�
the�U.S.�feedlot�industry?
40%
43%
1 …
October 22, 2012
citizen
2. I’m interested as a
livestock producer
3. I’m interested … employee in
the broader livestock
industry
4. Other
Which … well-being, care, and handling of livestock being raised for meat,
milk …
October 19, 2016
Grain Market Outlook
affect the U.S. corn market in what remains of 2016 through mid‐
2017 include: 1) the pace and timing of U.S. farmer marketing of the 2016 corn crop – much of which will be
placed in storage after fall harvest, 2) anticipation of continued strong use of “new crop” 2016 U.S. corn in
domestic U.S. ethanol production and livestock feeding, 3) at least mod …
December 28, 2016
Grain Market Outlook
… rain, energy, and other commodity
markets in 2017.
For example, U.S. financial policy announcements by the U.S. Federal Reserve in 2017 could lead to increases
in U.S. interest rates and the value of the U.S. dollar relative to other World currencies, which could in turn
have a negative impact on U.S. corn exports. Also, World geo‐political events could provide an unanticipated
“shock” to U.S. and World energy and grain markets – with the impact on the direction of U.S. and World corn
markets being difficult to anticipate.
USDA Supply‐Demand Forecast for “Current” MY 2016/17: With USDA projections of 2016 U.S. corn plantings
of 94.490 ma, harvested acres of 86.836 ma, record high projected yields of 175.1 bu/ac (vs 168.4 bu/ac in
2015 and the previous record high of 171.0 bu/ac in 2014), 2016 U.S. corn production is forecast to be a record
high 15.226 bb – up from 13.601 bb in 2015, the previous record of 14.216 bb in 2014, and 13.829 bb in 2013.
With forecast “current” MY 2016/17 total supplies of 17.031 bb (record high), total use of 14.610 bb (record
high), and projected ending stocks of 2.403 bb (16.45% S/U) – up from 1.738 bb (12.72% S/U) in MY 2015/16
and the highest since 4.259 bb (54.90% S/U) in MY 2004/05 – U.S. corn prices are projected by the USDA to be
in the range of $3.05‐$3.65 (midpoint = $3.35 /bu) – being down from $3.61 /bu for MY 2015/16. (continued)
USDA Supply‐Demand Forecast for “Next Crop” MY 2017/18: With early USDA projections of 2017 U.S. corn
plantings of 90.000 ma (down 4.490 ma), harvested acres of 82.300 ma (down 4.536 ma), projected yields of
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170.8 bu/ac (vs the record high of 175.3 in 2016), 2017 U.S. corn production is forecast to be 14.060 bb – down
from the record high of 15.226 bb in 2016.
With forecast “next crop” MY 2017/18 total supplies of 16.513 bb (down 500 mb from last year’s record high),
total use of 14.215 bb (down 395 mb from last year’s record high), and projected ending stocks of 2.298 bb
(16.17% S/U) – down from 2.403 bb (16.45% S/U) in “current” MY 2016/17 – U.S. corn prices are projected by
the USDA to average $3.30 /bu. This scenario is given a 55% likelihood of occurring by KSU Extension Ag
Economist D. O’Brien.
Alternative KSU Forecasts for “Next Crop” MY 2017/18: Three alternative KSU‐Scenarios for U.S. corn supply‐
demand and prices are presented for “next crop” MY 2017/18. Each forecast scenario presents the likelihood
of lower U.S. corn yields and production than projected by the USDA in the December 1st USDA early supply‐
demand estimate for “next crop” MY 2017/18.
KSU “Next Crop” MY 2017/18 Scenario #1) “167.4 bu/ac – 13.777 bb” Scenario (25% probability) assumes:
90.000 ma planted, 82.300 ma harvested, 167.4 bu/ac trend yield, 13.777 bb production, 16.230 bb total
supplies, 14.215 bb total use, 2.015 bb ending stocks, 14.18% S/U, & $3.55 /bu U.S. corn average price for
“next crop” MY 2017/18;
KSU “Next Crop” MY 2017/18 Scenario 2) “165.0 bu/ac – 13.580 bb” Scenario (15% probability) assumes:
90.000 ma planted, 82.300 ma harvested, 165.0 bu/ac yield, 13.580 bb production, 16.033 bb total supplies,
14.215 bb total use, 1.818 bb ending stocks, 12.79% S/U, & $3.70 /bu U.S. corn average price for “next crop”
MY 2017/18;
KSU “Next Crop” MY 2017/18 Scenario #3) “150.0 bu/ac – 12.345 bb” Scenario (5% probability) assumes:
90.000 ma planted, 82.300 ma harvested, 150.0 bu/ac yield, 12.345 bb production, 14.798 bb total supplies,
13.460 bb total use, 1.338 bb ending stocks, 9.94% S/U, & $4.30 /bu U.S. corn average price for “next crop” MY
2017/18;
World Corn Supply‐Demand: Record high World corn production of 1,039.7 million metric tons (mmt) is
projected for “current” MY 2016/17, up 8.2% from 961.1 mmt in MY 2015/16, and up 2.5% from 1,014.0 mmt
in MY 2014/15. Record high World corn total supplies of 1,248.7 mmt are projected for “new crop” MY
2016/17, up from 1,169.3 mmt in MY 2015/16, and from 1,188.8 mmt in MY 2014/15.
World corn exports of 147.7 mmt are projected for “new crop” MY 2016/17, up 21.8% from 121.2 mmt in MY
2015/16, and up 3.9% from 142.2 mmt in MY 2014/15. Projected record high World corn ending stocks of
222.25 mmt (21.7% S/U) in “new crop” MY 2016/17 are up from 208.95 mmt (21.8% S/U) in MY 2015/16, and
from 208.3 mmt (21.2% S/U) in MY 2014/15.
Although World corn ending stocks are projected to be a record high in “new crop” MY 2016/17 at 222.25
mmt, World corn percent ending stocks‐to‐use in “new crop” MY 2016/17 are forecast to actually decline
marginally to 21.7% ‐ indicative that strong World demand for corn at low prices is expected to continue –
especially in Europe where grain production has been hampered by extreme weather conditions in the last
year.
…
June 7, 2022
Livestock Insurance
similar to other crop insurance policies. The
early and final planting … purchased from a local crop or livestock insurance agent:
https://www.rma.usda.gov/informationtools/agentlocator … conditions are not met, then the policy may not “attach”:
no …
May 8, 2023
around the turbines or graze livestock in the pastures. Wind
energy … https://www.agmanager.info/ag-policy/foreign-holdings-us-agricultural-
land/foreign-holdings-kansas-ag-land-wind-energy-leases … https://www.agmanager.info/ag-
policy/foreign-holdings-us-agricultural-land/foreign-holdings-kansas-ag-land …
August 31, 2012
Risk Management Strategies
Coverage per CAT Nursery policy greater than $500,000 with … 28,569,649
Revenue/ PloicySubsidy/Policy LiabilitypolicyPol-icies Total acres Total Liability …
July 30, 2024
Ag Law Issues
rent. But gains from selling livestock do, and starting with 2023 … lease arrangements or sell livestock or
equipment so that you … thorough review of what the policy does and does not cover …
November 17, 2025
Ag Law Issues
sometimes even stored grain or livestock.
For many farm businesses … production of crops and
livestock from sales tax. For example … technology. States can use tax policy to specifically encourage …
June 22, 2010
Energy
Projections of grain and livestock supply, use and agricultural … United States corn and
livestock supply-use projections were … DDGS substitutes for corn in livestock feed rations on a pound …