Demographics
-
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 […]
-
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 […]
-
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 […]
-
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 […]
-
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, […]
-
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 […]
-
FSA Has Updated Listing of Irrigated/Non-Irrigated Counties
ARC-CO payments are made based upon the Olympic Average yield for each county on a covered crop-by-crop basis. Normally, all of the production is totaled for the county and then divided by planted acres to arrive at the actual yield for that county. However, if enough of the production in that county for that covered […]
-
USDA Announces New “Conservation Client Gateway”
One of the things most dreaded by almost everyone is the trip to the local DMV to get their driver’s license. You walk in the door grab #72 and realize that the current number is #48 and you have a long wait ahead of you. For most farmers, the trip to their local FSA office […]
-
Crop and Livestock Producers are Opposites
The Kansas City Fed just released their latest Ag Credit Survey and it certainly highlights the contrast between financial conditions for crop and livestock producers. In their second chart of the report, it recapped the percentage of producers who indicate a significant improvement, modest improvement, no change, modest deterioration or significant detonation in conditions from […]
-
Where’s Waldo (Paul)?
My children used to like to take a look at the books featuring “Where’s Waldo?”. My four boys would race to see who could find him first (they usually beat mom and dad to it too). Once I started doing more traveling, many of my staff will now ask “Where’s Waldo/Paul?”. So this post will […]