August, 2012
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Does Ridge Till Net More
I was browsing the soybean net income statistics reported by the University of Minnesota for the 2011 crop year. There were 1,372 farms reporting soybean statistics for 2011 and 680 used some type of chisel or reduced tillage (635 gave no answer on tillage practice). These farmers reported an average of $147 return over direct […]
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Videos of Wheat Harvest
Just some short clips of wheat harvest near Dixie, Washington (about 12 miles east of Walla Walla, Washington) on Saturday, August 11, 2012. Short clip of harvesting wheat Short clip of grain cart coming up the hill with Dixie/Walla Walla in the background Longer clip of dumping wheat in the grain cart All of these […]
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My Two Days on the Farm
I spent Friday afternoon and all day Saturday cutting wheat for my cousins down in Walla Walla. I started out on Friday driving their older Case IH 2388 and then they kindly allowed me to drive a new Case IH 8230 with about 100 hours on it that they were renting. This is a nice […]
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Drive/Run/Operate The Combine
Just a personal note to let everyone know that I am headed down to the Walla Walla area to drive/run/operate my cousins combine for a couple of days. If they are nice to me, they will even let me run the new Case IH machine that they are renting this summer. I will try to […]
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What if RP had been around since 1977
I was browsing the FarmDoc website maintained by the University of Illinois and came across a series of slides put out as part of the 2010 Illinois Farm Economics Summit. One of the slides was a projection of Revenue Protection payments per acre from 1977 to 2011 assuming the coverage had been available. I am […]
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How Does High Grain Prices Affect “Elevator” Risks
Another slide that I found very interesting from the AG Symposium was the total estimated monies needed for grain purchase and hedging by commercials for corn, wheat and soybeans. The chart provided the actual amounts needed for the 2006-07 marketing year to the 2011-12 year and then provided an estimate of the worst case in […]
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Additional Thoughts on the KC Fed AG Symposium
Continuing our post from yesterday: During the last 10 years, the world has planted an extra 184 million acres to the 10 ten major row crops. The Black Sea area has added 48, South America 42 and China 31 million acres. The US has only added 8 million acres. Total acres in production has increased […]
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Thoughts from the KC Fed 2012 Agricultural Symposium
The Kansas City Federal Reserve held a Ag Sympoisum on July 16, 2012. The presentations are available on their website, but I thought I would recap some of the interesting things I found in reviewing the presentations. William Hudson of the ProExporter Network had a presentation entitled “What Lies Beyond the Horizon for Farm Income? […]
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FFSC Day 2 – Session 5
The last session of the day was presented by Ben Romine, an accountant from Northern Indiana on Using the Standards in an Accounting Practice. Using Enterprise accounting is very valuable but you must determine what the standards are and how much detail. If you have not started this yet, start simple and then go to […]
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FFSC Day 2 – Session 4
The 4th session was presented by Todd Doehring of Centrec Consulting Group on Using the standards with producers and lenders to analyze operations. The top 5% of farmers are now producing about 75% of total crop production or about 120 thousand farmers. The last three years we have been able to insure a profit for […]