Demographics

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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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    February 4th, 2015


    Farm Loan Growth is Driven by Leaner Profits

    The Federal Reserve Bank of Kansas City just released their latest Agricultural Finance Databook and as expected lower farm profits are leading to increased demand for operating loans.  However, some of this increase is also due to the rapid increase in livestock prices during 2014 which results in greater operating loans just to service the […]

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    December 6th, 2014


    Ethanol Industry Approaches 1 Million Barrels a Day Production

    The Barrel is a blog done by Platts (a division of McGraw Hill) and their recent post indicated that Ethanol production is approaching 1 million barrels a day.  This equates to about 42 million gallons a day.  Ethanol margins have nearly doubled from 2013 and are approaching $1 per gallon. However, with the continued decrease […]

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    November 23rd, 2014


    Farm Exports Hit Record $152.5 Billion for FYE September 30, 2014

    The USDA announced earlier this month that total US farm exports for the fiscal year ended September 30, 2014 hit a new record of $152.50 billion.  This is up from the previous record set the year before of $141 billion (almost a 10% increase).  It was the first time that exports for any month exceeded […]

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    November 11th, 2014


    Where’s the Beef

    Yesterday, I posted on work pork production.  Today I will recap world beef production (again from the 2014 Agricultural Symposium).  Here are some of the key points: Total beef production has held steady between 56 and 59 million metric tons over the last 10 years (about half of total pork production). US produces about 11 […]

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    November 10th, 2014


    What About Pork?

    Every once in a while, I like to post of interesting facts about food production around the world.  I came across the 2014 Kansas City Federal Reserve Agricultural Symposium that was held this summer and found a presentation by Derrell Peel, a professor at Oklahoma State University.  Here is a recap of some interesting facts […]

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    August 28th, 2014


    IRS Releases 2012 Income Data

    The IRS recently posted to their website the income statistics for 2012.  These statistics break down income into their major components such as wages, interest, business income, etc.  Farmers who file Schedule F are also listed.  Farmers who file as a partnership or S corporation along with related wages would be lumped in with those […]

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