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April 6, 2018
KFMA Newsletters
There is much variability and risk in the agriculture industry. Price variability, weather and yield variability, international
trade issues, changes in technology, changes to the tax code having direct impact on marketing and entity planning
decisions, legal matters, financial management risks, and relationships between business partners and family members.
Farmers make decisions in an uncertain, risky, ever changing environment. How do you manage and make decisions in
the midst of the variability and risk that is before you?
Many of us first think of production and price risk when considering risk management. Production planning and
enterprise diversification of your operation, crop rotation, crop insurance, and hedging and forward contracting are
some of the strategies available as you consider management in these areas. What do you use as a guide in making
these decisions? Regardless of how you manage the finances on your farm, in a period of tight margins and cash flow
constraints, financial management decisions increase in importance for farm managers. There is tremendous variability
between farms, in their financial position and cost structure, and in decision‐making. This variability means there is
room for you to change your situation for the better. However, before you can improve you must know where you
stand. Having a solid set of records, and benchmarking with those records to identify strengths and weaknesses, is the
place to start in developing a risk management plan for your operation. This will allow you to focus your management
efforts and to base your decisions on your information, your resources and your circumstances. As a farm decision
maker, you need to know your cost structure and to explore the markets that are available to you. Don’t rely on what
someone else says it costs to produce the products you raise. Know your costs and use your costs as you make these
decisions. Proactively manage the financial aspects of your farm or ranch. Seek to know and understand your business
better than anyone else. The investment of your time into this process is very important as you seek to manage today’s
environment successfully. Please let us know if we can help you in this process…we would welcome the opportunity!
Kevin
Tax …
January 12, 2012
Source: USDA-AMS
CALF CROP
July 1 Estimates, U.S., Annual
35
37
39
41
43
45
1981 … http://www.agmanager.info/livestock/budgets/production/default.asp)
$1,453 … http://www.agmanager.info/livestock/budgets/production/beef/cattlebuysell.swf …
January 11, 2012
Source: USDA-AMS
CALF CROP
July 1 Estimates, U.S., Annual
35
37
39
41
43
45
1981 … http://www.agmanager.info/livestock/budgets/production/default.asp)
$1,453 … http://www.agmanager.info/livestock/budgets/production/beef/cattlebuysell.swf …
January 10, 2012
Source: USDA-AMS
CALF CROP
July 1 Estimates, U.S., Annual
35
37
39
41
43
45
1981 … http://www.agmanager.info/livestock/budgets/production/default.asp)
$1,453 … http://www.agmanager.info/livestock/budgets/production/beef/cattlebuysell.swf …
December 6, 2011
Source: USDA-AMS
CALF CROP
July 1 Estimates, U.S., Annual
35
37
39
41
43
45
1981 … http://www.agmanager.info/livestock/budgets/production/default.asp)
$1,453 … http://www.agmanager.info/livestock/budgets/production/beef/Value-of-
Gain_FactSheet_AM-GTT_2011.pdf …
October 7, 2011
m
ill
io
ns
)
US Annual Calf Crop (2011 is July 1 estimate)
Data … Tool
(http://www.agmanager.info/livestock/budgets/production/default.asp)
How … costs, opportunities to row crop, etc. may
increasingly …
June 24, 2024
Recent Videos
Herbicides, Fuel, Repairs, Crop insurance, Interest, Labor … https://agmanager.info/farm-budgets
Examining 2024 Costs of Production
Wheat … reserved.
Began Jan 1: Buy crop insurance to protect production …
October 5, 2023
Land Rental
Rates
are intended for the 2024 crop year.
The estimate includes … taken from K-State irrigated
cropbudgets and represent wells of two … Survey Results for Irrigated Crop Land in Kansas.
2024
KSU
Figure …
October 3, 2022
Land Rental
Rates
intended for 2022 into 2023 crop year. The estimate includes … taken from K-State
irrigated cropbudgets and represent wells of two … Survey Results for Irrigated Crop Land in
Kansas. Color Code …
November 15, 2024
Land Rental
Rates
are intended for the 2025 crop year.
The estimate includes … taken from K-State irrigated
cropbudgets and represent wells of two … Survey Results for Irrigated Crop Land in Kansas.
@ibendahl …