Ag Policy

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    May 27th, 2015


    What is the Estimate on the 2014 MYA Price

    There are two key data points that go into the ARC-CO calculations for the 2014 crop year.  First, we have a fairly good estimate of the actual 2014 yield for most of the major crops from NASS.  Although these are not final yields (only FSA posted yields will count for ARC-CO calculations), they give us […]

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    May 15th, 2015


    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 […]

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    May 14th, 2015


    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 […]

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    May 6th, 2015


    2015 AICPA Ag Conference

    As chairman of the 2015 AICPA Ag Conference, I would like to personally invite all of our readers to this event.  It will be held on Monday July 13, 2015 to Wednesday, July 15, 2015 in Indianapolis, Indiana. On Monday, Chris Hesse and myself will do an all-day optional workshop on farm taxation .  This session will […]

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    May 4th, 2015


    Dairy Margin Protection Program Analysis

    The USDA has a Dairy Margin Protection Program (MPP) website that provides updated information.  This information includes historical data along with a monthly update on monthly margin (All-Milk Price less calculated feed costs).  As expected, the margin for 2014 was substantially in excess of the highest margin ($8) that could be accessed by dairy producers.  […]

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    April 23rd, 2015


    Ethanol is XX% of Corn Production

    I always find it curious that ethanol use is quoted as being about 35% of corn production (about 5 billion bushels divided by 14 billion bushels plus or minus).  What always seems to be missed in the equation is the amount of dried distillers grain (DDG) that is produced as part of the ethanol process.  […]

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    April 20th, 2015


    Senator Wyden Indicates Tax Reform Must Include Flow Through Entities

    Senator Ron Wyden of the Senate Finance Committee indicated on Friday at a breakfast hosted by the Christian Science Monitor that any comprehensive tax reform must include flow-through entities.  As we have discussed in posts before, tax reform is primarily based on getting the top corporate tax rate down closer to 25% to be competitive with other […]

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    April 6th, 2015


    Has Anything Changed?

    Tomorrow is the last day to sign up for ARC/PLC under the new Farm Bill.  We have not heard any rumblings about another extension, but if there will be one, it will likely be announced today.  Grain prices have not been extremely volatile over the last few months, so it is extremely likely that nothing […]

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    March 31st, 2015


    PLC Payments for Wheat and Soybeans Highly Unlikely for 2014

    Art Barnaby of Kansas State University prepares a monthly update of where he estimates the MYA price will be on corn, soybeans, wheat and sorghum.  KSU just released yesterday an updated report based on price information just released on that day. Wheat would need to have an average price of lower than $2.70 for the […]

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    March 27th, 2015


    FSA Extends Deadline (But Only a Week)

    As expected (but not necessarily hoped for), the FSA announced today an extension of one week to sign up for ARC or PLC.  Instead of March 31, the new deadline is now April 7.  The FSA essentially did the same thing with the Dairy Margin Program with an one week extension, so this was not […]

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