Demographics

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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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    June 22nd, 2015


    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 […]

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    June 16th, 2015


    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, […]

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    June 4th, 2015


    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 […]

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    June 1st, 2015


    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 […]

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    May 28th, 2015


    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 […]

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