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October 7, 2019
gtonsor@ksu.edu
Twitter: @TonsorGlynn
Livestock Mandatory Reporting (LMR … 2
>65% price decline in
18 months “raises
questions” !
(July 1997 – … ns” !
(July 1997 – Dec. 1998)
Livestock Mandatory Reporting (LMR)
• …
August 1, 2011
KFMA Newsletters
of these farms also
had a livestock enterprise and/or produced … of these farms also had a
livestock enterprise and/or produced … be discussed in
the next month’s newsletter.
Darrell …
expansion well underway
• Demand
– Confusing yet largely … Compiled & Analysis by LMIC
Livestock Marketing Information Center
Beef … Compiled & Analysis by LMIC
Livestock Marketing Information Center
G-NP-3009/21/15
C-P-66
09/24/15
-100
0
100
200
300
400
500
1987 …
July 14, 2014
processing, or
marketing livestock or derivedmeat, milk, and egg products
–Demand
• Influenced by anything …
February 21, 2017
Outlook
• Supplies
– Growing meat supplies +
Some trade “challenges” … home
Herd expansion stopped?
• Demand
– Widely missed factor … Compiled & Analysis by LMIC
Livestock Marketing Information Center
C-P-49A
02/13/17
164.56
175.15
223.52 …
July 27, 2010
2010
Broad Overview
Export demand been strong; domestic less … EXPORTS
Carcass Weight, Monthly
200
225
250
275
300
325
350
375
400
JAN … MARKETS
Carcass Weight, Monthly
0
20
40
60
80
100
120
140
2002 …
November 12, 2015
expansion well underway
• Demand
– Confusing yet largely … Compiled & Analysis by LMIC
Livestock Marketing Information Center
5
10
15
20
25
30
35
40
May … Compiled & Analysis by LMIC
Livestock Marketing Information Center
G-NP-3010/26/15
C-P-6611/06/15
-100
0
100
200
300
400
500
1987 …
October 1, 2009
KFMA Newsletters
facilities and purchased
breeding livestock also qualify. Equipment and … qualify. Equipment and
breeding livestock purchased from a related … of Kansas City discusses demand weakness and
lack of profitability …
September 1, 2015
KFMA Newsletters
… dissecting a
farm’s records to accomplish monthly analysis is difficult and time‐consuming such that few KFMA members request this
service. Given that larger and more complex operations are becoming common in agriculture, the interest in more
frequent analysis may increase.
One example of the conference focus:
Part of the FFSC Summer conference was to discuss ways to “get the message out” for the council. In other words,
getting the useful information on agriculture finances to the public. The marketing committee discussed increased use
of blogs. The current president of FFSC, Paul Neifer, has a successful blog titled “Farm CPA, Today”. (I would
recommend you consider subscribing….find it on Google) Last winter, Paul did a great job of discussing (in brief bites)
the process of evaluating the farm bill. Currently (August, 2015) Paul is on the Pro‐Farmer Crop tour and reporting daily
observations. The blogs produced by FFSC are featured on the Farm Futures web site (search for “Money Matters”) and
on FFSC.org home page under “Money Matters Blog by Farm Futures”. They have more information about agriculture
finances and about the FFSC itself.
All good meetings (In my humble opinion) need some
perspective challengers. After the meeting was finished on July
31, 2015 we drove 50 miles east of Kennewick, WA to an area of
tremendously hilly wheat fields just east of Waitsburg, WA. A
producer in the middle of harvest “welcomed” a bunch of
accountants, bankers and a few economists to observe and ride
on the combines. I was fortunate enough to enjoy at least one
lap of a 30 degree slope wheat field.
http://www.agmanager.info/kfma/ September 2015 E‐newsletter 7
Comments from Jesse, the operator of the combine I
rode on and a third generation member of this farming
family, indicated that the wheat was rather
disappointing when it was yielding 70 bushels instead
of the more typical 140 bushels per acres……was that
ever a perspective challenger for me…..let alone the
slope of the fields. As a side note, I am riding in the
combine up the hill when the group picture was taken.
The picture on the right is from the combine I was
riding on through the windshield to catch another
combine (Jesse’s dad) on side hill and going down into
a draw at the same time.
I encourage all producers in the current market price/cost of production environment to make the time to keep their
records sharp. Make sure you are evaluating your business using accrual analysis instead of cash basis (tax return). And
finally, most importantly, communicate, communicate, communicate with your banker. We are returning to times of
narrow margins that will eliminate some producers, and allow others to expand. What makes the difference could be in
how you manage your finances along the way. Consider joining the regional Kansas Farm Management Association that
serves your area of the state for record assistance, completion of accrual analysis, and importantly, interpretation and
benchmarking your analysis results with other similar producers in your area …
August 22, 2014
Mixed expansion signals
• Demand
– Confusing yet positive … Reinforced by record setting pork demand
• Combined:
– “Historic” … Compiled and Analysis by LMIC
Livestock Marketing Information Center
ESTIMATED …