Agribusiness BlogFarm CPA Today

Demographics

  • How Much Greater Will 2014/15 Farm Program Payments Be Than CBO Estimate

    Gary Schnitkey and Carl Zulauf from the University of Illinois just released a new estimate of total estimated ARC/PLC payments for the 2014 crop year (to be paid after September 30, 2015).  Their report estimates total farm program payments of about $5.7 billion for this year.  In their summary and commentary section, they indicate it is […]

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  • Day 1 of the NSAC Annual Meeting

    I am attending the annual National Society of Accountants (NSAC) annual meeting in Denver.  For those of you who work with cooperatives who are not members of the NSAC, I would strongly encourage you to become a member. There are numerous education opportunities, resources, and great networking opportunities available. Also, if anyone of you reading […]

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  • Organic, Conventional or GMO

    The Federal Reserve of Kansas City just had their annual Ag Symposium about two weeks ago.  One of the presentations was by Jill McCluskey, a professor at Washington State University on the demographic trends and consumer preferences regarding food.  The highlights of her presentation were as follows: Processed and fast food is the old trend – Farmers’ […]

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  • Updated PLC Yields Much Higher Than Old Yields

    One of the options available to landowners under the 2014 Farm Bill was to update their yield to 90% of the average yield from 2008 to 2012.  A producer could retain the old CCP yield which in many cases had not been updated since the 1980s or update to the new yield.  Producers who elected […]

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  • It’s Official – No PLC Payments for Wheat, Barley and Oats!

    Wheat, Barley and Oats have a marketing year that ends May 31.  The USDA released the final 2014/15 MYA prices for each crop as follows: Wheat – $5.99 Barley – $5.30 Oats    – $3.20 In all cases, the MYA price for each crop exceeded the reference price called for in the 2014 Farm Bill.  These references […]

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  • How Liquid Are Our Farmers?

      I was browsing the latest publication from the Kansas City Federal Reserve on the Farm Economy.  Nathan Kauffman released a report on June 25, 2015 titled “Today’s Corn Prices, Yields Look Like 2009”.  Although the gist of the article detailed how corn prices and yields for 2015 look very similar to 2009 (at least […]

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  • Largest Decrease in Cash Rents Since 1987

    I was reading the latest Ag Letter from the Chicago Federal Reserve and noticed an interesting tidbit on cash rents. The first part of the letter addressed farmland values being relatively flat to slightly negative for the first quarter of 2015. A chart on page 2 showed the annual percentage change in cash rents for […]

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  • Is it a Bubble or Not?!

    Marketwatch.com is published by the Wall Street Journal and last week they had an article on “Spiking farmland prices offer a lesson on market bubbles“.  From the title, you would naturally assume that they believe farmland prices were at the bubble stage and headed for a large fall.  However, in reading the article, it appears […]

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  • Who Was Closer – CBO or Paul?

    The USDA yesterday released data on the sign up for ARC and PLC by all of the covered crops.  As expected from our posts before on the subject, most of the corn and soybean acres signed up for ARC-CO versus PLC.  Summarizing some of the major crops as follows: Of the crops on the table, […]

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  • Where Are Land Rents Headed?

    I am at the University of Missouri Emerging Issues in Agricultural Lending today.  I have two speaking sessions, but at the second session this morning, Jim Farrell, President and CEO of Farmers National Company gave a presentation on the trends in land and cash rents. The bull market in farm land started in the fall […]

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