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August 1, 2021
Breakout Sessions
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Agricultural … Employer must provide free transportation to the H‐2A workers for them to go shopping, banking, medical purposes, and for any other routine needs• The vehicles must be federally inspected and licensedResource: Clemson Cooperative Extension – …
2021 Risk and Profit Conference Recordings
Use of equipment, buildings or other facilities
Agricultural … Employer must provide free transportation to the H‐2A workers for them to go shopping, banking, medical purposes, and for any other routine needs• The vehicles must be federally inspected and licensedResource: Clemson Cooperative Extension – …
June 5, 2015
Financial Management
spring, as we were preparing to meet up with our producers and … side and a decrease in the other. This is apparent in both …
View more information about the authors of this publication and other K‐State agricultural eco …
June 5, 2015
KFMA Research
spring, as we were preparing to meet up with our producers and … side and a decrease in the other. This is apparent in both …
View more information about the authors of this publication and other K‐State agricultural eco …
February 18, 2021
would be less restrictive in
meeting specific cattle procurement … …
https://fas.org/sgp/crs/misc/R45777.pdf
https://www.ams.usda.gov/sites/default/files/media/FinalReportNegotiated5AreaCattleStudy.pdf
Agricultural Economics
Other Important Items – Insufficient … quarter)
https://www.agmanager.info/livestock-
meat/marketing-extension-bulletins/trade-and-
demand/overview-us-beef-production-export
Agricultural Economics
Other Important Items – Insufficient …
May 1, 2003
Assessing Business Opportunities
value-adding is like no other, if we want to be sincere … written document. Among other things, the business plan … its opportunity cost. In other words, the plan focuses on …
IRS must, by regulation or other guidance, clarify that PPE … that PPE, disinfectant, and other supplies used for the prevention … for teaching, research, or other services required as a condition …
December 3, 2019
Animal ID & Traceability
Cattlemen’s Beef
Association, and other beef industry stakeholders … identification systems in
other countries, such as those … practical system that would meet the objectives of the national …
July 19, 2017
Grain Market Outlook
n MY 2007/08 compares to the most recent USDA projections of 260.6 mmt ending stocks and 35.4%
ending stocks‐to‐use projected for “new crop” MY 2017/18. The present “large crop‐over supply” situation in
World and U.S. wheat markets continues to have a prevailing limiting influence on U.S. and World wheat prices
– even with recent drought‐fueled moves higher in the market.
Wheat Protein Supply Concerns & the “World Less China” Market Situation
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The broader “large crop‐over supply‐low price” situation in the World wheat market may be “obscuring” at
least a couple of other important market issues.
First, while the quantity of wheat available in the World is plentiful, the available supply of high protein milling
wheat is typically less so. This factor helps exports of U.S. Hard Red Spring (HRS) wheat (higher protein – good
quality) relative to World wheat export competitors. The drought conditions now occurring in the U.S. and
Canadian hard red spring wheat producing regions has raised the demand and price premiums offered for high
protein wheat supplies – whether they are from hard red winter wheat supplies or elsewhere.
Second, while the aggregate supply of wheat in World markets has grown, the supply of wheat from a “World
Less China” perspective is projected to have actually “contracted” or “diminished” further in “new crop” MY
2017/18. “World Less China” wheat percent stocks‐to‐use have declined to the tightest level since at least MY
2008/09 when U.S. wheat cash prices averaged $5.70 /bu. If this “China supply isolation factor” eventually
leads to noticeably tighter global supplies of available‐exportable wheat in coming months, then it will likely
have a significant positive impact U.S. wheat market prices in “new crop” MY 2017/18.
However, unless there is this change in the broader, overriding focus of the World wheat market away from
aggregate global supplies to available “World Less China” supplies – it is likely that significant World wheat
production problems and/or trade disruptions would need to occur in year 2017 in order to have wheat prices
recover significantly in later 2017. Such disruptions elsewhere would likely cause the market to then focus on
the limited availability of food quality wheat outside of China in the World market. Also, ongoing strength in
the U.S. dollar exchange rate continues to be a negative factor limiting the competitive affordability of U.S.
wheat exports in World markets.
USDA U.S. Wheat Supply/Demand Forecast for “New Crop” MY 2017/18
The USDA released their wheat production, supply‐demand and price projections for “new crop” MY 2017/18
in the July 12th Crop Production & World Agricultural Supply and Demand Estimates (WASDE) reports.
United States’ wheat plantings are projected to be 46.567 million acres (ma) – down from 50.154 ma in “old
crop” MY 2016/17 to the lowest level since the early 1900s. Harvested acres are forecast to be 38.115 ma
(83.72% harvested‐to‐planted) – down from 43.890 ma a year ago. The 2017 U.S. average wheat yield is
projected at 46.2 bu/ac, down from the 2016 record of 52.6 bu/acre.
Wheat production in the U.S. in 2017 is forecast to be 1.760 billion bushels (bb), down from 2.310 bb in 2015.
Projected “new crop” MY 2017/18 total supplies are 3.084 bb (down from 3.403 bb in “old crop” MY 2016/17),
with total use of 2.146 bb (down from 2.219 bb in “old crop” MY 2016/17).
The USDA projected “new crop” MY 2017/18 ending stocks to be 938 million bushels (mb) (vs 1.184 bb a year
ago), with percent ending stocks‐to‐use of 43.7% S/U (vs 53.4% last year and 50.0% the previous year). United
States’ wheat prices are projected to average $4.80 /bu – up from $3.89 in “old crop” MY 2016/17, but down
from $4.89 /bu in MY 2015/16, and $5.99 /bu in MY 2014/15. It is estimated by Kansas State University that
these USDA projections for “new crop” MY 2016/17 have a 50% probability of occurring.
Three Alternative KSU U.S. Wheat S/D Forecast for “New Crop” MY 2017/18
To represent possible alternative outcomes from the USDA’s July 12th projection, three potential KSU‐
Scenarios for U.S. wheat supply‐demand and prices are presented for “new crop” MY 2017/18.
Page | 3
KSU Scenario 1) “5 Year Avg Yield” Scenario (20% probability) assumes for “new crop” MY 2017/18 that the
following occurs. This scenario assumes that there will be 46.657 ma planted, 83.72% harvested‐to‐planted,
38.115 ma harvested, 45.8 bu/ac 5‐year average yield, 1.746 bb production, 3.030 bb total supplies, 975 mb
exports, 150 mb feed & residual use, 2.146 bb total use, 884 mb ending stocks, 41.19% S/U, & $5.05 /bu U.S.
wheat average price.
KSU Scenario 2) “Higher U.S. Wheat Exports” Scenario (20% probability) assumes the following for “new
crop” MY 2017/18. Planted acres of 46.657 ma are associated with 38.115 ma harvested, 45.8 bu/ac 5‐year
average yield, 1.746 bb production, 3.030 bb total supplies, 1.200 bb exports (due to foreign crop problems),
125 mb feed & residual use, 2.346 bb total use, 684 mb ending stocks, 29.16% S/U, & $6.00 /bu U.S. wheat
average price;
KSU Scenario 3) “Short U.S. Wheat Crop” Scenario (10% probability) assumes the following for “new crop” MY
2017/18. Planted acres of 46.657 ma, 83.72% harvested‐to‐planted, 38.115 ma harvested, 40.2 bu/ac low
“crop stress” yield, 1.633 bb production, 2.917 bb total supplies, 975 mb exports, 125 mb feed & residual use,
2.121 bb total use, 796 mb ending stocks, 37.53% S/U, & $5.35 /bu U.S. wheat average price.
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Breakout Sessions
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