Demographics

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    August 17th, 2015


    First Day of the Midwest Crop Tour

    Today was the first day of the Pro Farmer Midwest Crop Tour.  This is my sixth straight trip on the tour and after spending the last three years on the Eastern Leg, I decided to spend this year on the Western Leg.  My expectations for today was to see good crops in South Dakota and […]

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    August 15th, 2015


    The ProFarmer Midwest Crop Tour

    This will be my sixth year in a row of doing the Pro Farmer Midwest Crop tour.  My first two years I did the western leg, the last three were on the eastern leg and this year I go back and tour the western leg.  Here is a map from Pro Farmer showing the locations […]

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    August 13th, 2015


    One Last Combine Ride

    Most of the wheat harvest is done for this year near Walla Walla, however; I was able to get one last ride in today on one of my client’s Case IH 8010’s (have to plug those red machines all I can).  They were finishing up a field just north and a little west of Dayton, […]

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    August 6th, 2015


    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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    August 4th, 2015


    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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    July 27th, 2015


    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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    July 10th, 2015


    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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    July 7th, 2015


    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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    July 6th, 2015


    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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    June 29th, 2015


    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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