Ken Bolton UW-Extension Center For Dairy Profitability
|
|
|
- Myrtle Barrett
- 5 years ago
- Views:
Transcription
1 Ken Bolton UW-Extension Center For Dairy Profitability
2 Rental arrangement options Fixed Cash Rent Flexible Cash Rent Crop-Share
3 Landlord Fixed Cash Rent Low Renter Fixed Cash Rent High Flexible Cash Rent Flexible Cash Rent Crop-Share Crop-Share Custom Farming Custom Farming High Low Risk is real, risk has value, risk must be compensated. (5-8% Gross Revenue) (Hay ground- 20% Gross Revenue) Risk- Price, cost and production
4 Share the wealth Share the risk?
5 Primary Objective Fun? Profit? Criteria Personal preference Competition Comparison Yield Potential Gross Income Potential Profit potential
6 Cash rent value correlation to; Corn Yield (2008)- R 2 =.8518 Northern Wisconsin County Average Yield (bu.) County Level Cash Rent Min Max Avg. Min Max Avg $28 $62 $45 ( Five Year Rolling Average)
7 Cash rent value correlation to; Gross Revenue (2009) to 2010 data Wisconsin Low Avg. High 17% 22% 26% Corn 100 bushel yield $68 $88 $4.00/bu. $85 $110 $5.00 (Five Year Rolling Average)
8 Cash rent correlation to; Land Value Wisconsin 2.0% - 2.5% $2,400/acre X 0.02/0.025 = $48 - $60/acre
9 AGRICULTURAL CASH RENTS Wisconsin, ** (2010) Dollars per acre Year Cropland rented for cash Pasture rented for cash
10 AGRICULTURAL LAND VALUES: Average Value Per Acre, Wisconsin, / Dollars per acre Year Farm real estate 2/ Cropland Pasture ,790 2,540 1, ,100 2,900 1, ,640 3,370 2, ,850 3,600 2, ,750 3,650 2, ,940 2,770 1,400 1/Value at which the land could be sold under current market conditions. 2/Value includes land and buildings
11 Crop Land Rent/Acre (WASS) dollars/acre County Ashland 1/ Clark Lincoln Marathon Taylor North Central
12 The amount the landlord desires The amount the renter can afford or is willing to pay
13 Flexible Cash Rent Price Base grain price and rental rate/acre Base rent X current price/base price = adjusted rent/acre $50 X ($5.00/4.75) = $52.63/acre for current year Base rent with stated adjustments outside of price range Minimum base rent with upward adjustments only
14 Price and Yield Base rent X (current price/base price) X (current yield/ base yield) = adjusted current year's rent Current year s yield X current year s price X agreed % Base rent, yield & price + % increase in crop value/acre over base amount Yield Fixed number of bushels/year Avoids renegotiating cash rents annually Bottom Line- Compromise!
15 Crop-Share Rent (50/50; 60/40; 70/30?) Grower Value of crop produced/cost inputs Machinery cost/acre (Deprec., interest, repairs, insurance) Labor (2-5 $10.00/hr.) Management (6% Gross revenue) Landlord- land ownership costs Value of crop produced/cost inputs Interest on investment Real estate tax Deprec. (tile, fences), interest, repairs & insurance)
16 Joe Lauer, UW-Extension Corn Agronomist
17 Joe Lauer, UW-Extension Corn Agronomist
18 Volatility is here to stay in grain and oilseed markets, according to Rabobank Food & Agribusiness Research and Advisory (FAR) vice president Sterling Liddell. DairyProfit Weekly September 2010
19 What costs do you want covered? Total cash expenses Non-cash Change in Accounts Receivable Change in Accounts Payable Interest paid Wages and Benefits Depreciation
20 Debt service Family living Household replacement Health insurance Asset replacement Equipment Pickup College fund/savings
21 Profit Partial Budgets Corn after Soybeans budget Many! Cash Rent Evaluator Bruce Jones homepage
22 Corn Silage after Alfalfa age.htm Alfalfa and Pasture Budgets
23 Lease forms alog.pdf Guide and form mlease.pdf Form only Machinery cost determination
24 Put agreement in writing! Assure better understanding of what was agreed on by both parties Serves as a reminder of specifics agreed on Serves as a legal document Establish material participation/not Estate settlement of either party Settle disputes
25 Who, what, when and how Property description Use of property Reservations Term of the lease
26
27 Products Corn Silage = $ Crop Insurance = Total $722.33/acre
28 Cash Rent Crop Share
29 Fixed Expenses Land $73 Management 43 Labor 17 Machinery Deprec. 32 Machinery, Int, insur. 19
30 Expenses/acre; Variable Fertility 120 Seed 65 Misc. 44 Herbicide 60 Insecticide 0 Fuel & Oil 19 Repairs/Main. 10 Int. Operating 7
31 Contributions: Cash Rent Owner (Lessor) Renter (Lessee) Land 0% 100% Machinery Labor Management Variable Expenses % Contribution?? $ Share??
32 Contributions: Crop Share Owner (Lessor) Renter (Lessee) Land 100% 0% Machinery Labor Management Variable Expenses % Contribution?? $ Share??
33 Contributions: Cash/Share Cash/Share Owner (Lessor) Renter (Lessee) Land $ 0/73 $ 73/0 Machinery 0 51 Labor 0 17 Management 0 43 Variable Expenses % Contribution 0/15.28% 100/84.72% $ Share $73/103 $ 723/620 Diff. $ 33 (Risk?) $ =30 (Risk?) Return OTC $ 73/ $245/208
34 Contributions: 50:50 Crop Share Owner (Lessor) Renter (Lessee) Land $ 73 $ 0 Machinery 0 51 Labor 0 17 Management 0 43 Variable Expenses % Contribution 46.2% 53.8% $ Share $334 $389 Return OTC $ 98 $115
Revenue and Costs for Corn, Soybeans, Wheat, and Double-Crop Soybeans, Actual for 2011 through 2016, Projected 2017 and 2018
CROP COSTS Department of Agricultural and Consumer Economics University of Illinois Revenue and Costs for Corn, Soybeans, Wheat, and Double-Crop Soybeans, Actual for 2011 through 2016, Projected 2017 and
Revenue and Costs for Illinois Grain Crops, Actual for 2012 through 2017, Projected 2018 and 2019
CROP COSTS Department of Agricultural and Consumer Economics University of Illinois Revenue and Costs for Illinois Grain Crops, Actual for 2012 through 2017, Projected 2018 and 2019 Department of Agricultural
Beaver County Crop Production Costs and Returns, 2012
April 2013 Applied Economics/201304pr Beaver County Crop Production Costs and Returns, 2012 Mark Nelson, Extension Associate Professor, Beaver County Kynda Curtis, Associate Professor and Extension Specialist,
Cache County Crop Production Costs and Returns, 2011
June 2012 Applied Economics/201205pr Cache County Crop Production Costs and Returns, 2011 Clark Israelsen, Extension Associate Professor, Cache County Kynda Curtis, Associate Professor and Extension Specialist,
CROP BUDGETS, ILLINOIS, 2017
CROP BUDGETS Department of Agricultural and Consumer Economics University of Illinois CROP BUDGETS, ILLINOIS, 2017 Department of Agricultural and Consumer Economics University of Illinois July 2017 Introduction
CROP BUDGETS, ILLINOIS, 2019
CROP BUDGETS Department of Agricultural and Consumer Economics University of Illinois CROP BUDGETS, ILLINOIS, 2019 Department of Agricultural and Consumer Economics University of Illinois September 2018
CROP BUDGETS, ILLINOIS, 2018
CROP BUDGETS Department of Agricultural and Consumer Economics University of Illinois CROP BUDGETS, ILLINOIS, 2018 Department of Agricultural and Consumer Economics University of Illinois February 2018
Juab County Crop Production Costs and Returns, 2011
June 2012 Applied Economics/201207pr Juab County Crop Production Costs and Returns, 2011 Jeffrey Banks, Extension Associate Professor, Juab County Kynda Curtis, Associate Professor and Extension Specialist,
2009 Rental Decisions Given Volatile Commodity Prices and Higher Input Costs. Gary Schnitkey and Dale Lattz. October 15, 2008 IFEU 08-05
2009 Rental Decisions Given Volatile Commodity Prices and Higher Input Costs Gary Schnitkey and Dale Lattz October 15, 2008 IFEU 08-05 Turmoil within the financial sector has caused concerns about the
Crop Cash Flow and Enterprise Information - step two for your 2017 farm analysis
Name Address County Phone Email Operator #1 Year Born Year Started Farming Operator #2 Year Born Year Started Farming Operator #3 Year Born Year Started Farming Crop Cash Flow and Enterprise Information
AEC 851 BUDGETING ACTIVITY ANALYSIS INTRODUCTION TO BUDGETING AND
AEC 851 BUDGETING ACTIVITY ANALYSIS INTRODUCTION TO BUDGETING AND ACTIVITY ANALYSIS P Concepts presented are not complex but important to operations management < A logical way of organizing information
Farm Land Value Farm Profitability
Farm Land Value Farm Profitability Dennis Stein, Farm Management March 5, 2014 MSU is an affirmative-action, equal-opportunity employer. Michigan State University Extension programs and materials are open
Calculating Hay Harvesting Costs. Kathleen Painter, PhD Ag. Extension Educator
Calculating Hay Harvesting Costs Kathleen Painter, PhD Ag. Extension Educator What are some reasons you might want to know your hay harvesting costs? Today s machinery costs are very high. Does it pay
ACCRUED INCOME STATEMENT
Iowa Farm Business Association ACCRUED INCOME STATEMENT IOWA STATEWIDE Page: 1 Size 1 Avg Size 2 Avg Size 3 Avg Size 4 Avg Size 5 Avg Group Avg 144 Farms 109 Farms 188 Farms 219 Farms Farms 72 Farms 101
Farm Income Statement 2015 Moorhead Farm Business Management Annual Report (Farms Sorted By Net Farm Income) Number of farms
Farm Income Statement Cash Farm Income Barley 5,929 2,010 - - 12,581 14,753 Beans, Black Turtle 350 - - - - 1,723 Beans, Navy 3,627 13,512 - - 5,385 - Corn 168,160 172,777 84,655 79,253 289,902 214,568
2006 Michigan Cash Grain Farm Business Analysis Summary. Eric Wittenberg And Stephen Harsh. Staff Paper December, 2007
2006 Michigan Cash Grain Farm Business Analysis Summary Eric Wittenberg And Stephen Harsh Staff Paper 2007-11 December, 2007 Department of Agricultural Economics MICHIGAN STATE UNIVERSITY East Lansing,
Suppose a farmer is eligible what triggers a corn PLC Payment? Suppose a farmer is eligible what triggers a corn County ARC Payment?
AAE 320 Fall 2016 Final Exam Name: 1) (20 pts. total, 2 pts. each) True or False? Mark your answer. a) T F Wisconsin is the world s largest cranberry production region, producing almost half of global
2002 Michigan Dairy Farm Business Analysis Summary. Staff Paper No November Eric Wittenberg and Christopher Wolf
2002 Michigan Dairy Farm Business Analysis Summary Staff Paper No. 03-14 November 2003 by Eric Wittenberg and Christopher Wolf Copyright 2003 by Eric Wittenberg and Christopher Wolf. Readers may make verbatim
Garfield County Crop Production Costs and Returns, 2011
July 2012 Applied Economics/201215pr Garfield County Crop Production Costs and Returns, 2011 Kevin Heaton, Extension Associate Professor, Garfield County Kynda Curtis, Associate Professor and Extension
CASH RENT WITH BONUS LEASING ARRANGEMENT: DESCRIPTION AND EXAMPLE
FEFO 11-17 September 27, 2011 CASH RENT WITH BONUS LEASING ARRANGEMENT: DESCRIPTION AND EXAMPLE A cash rent with bonus leasing arrangement is a variable cash rent lease that has a base rent and the potential
National Marketing Year Average Price less than the Reference Price ($3.70). Suppose a farmer is eligible what triggers a corn County ARC Payment?
AAE 320 Fall 2016 Final Exam Name: KEY 1) (20 pts. total, 2 pts. each) True or False? Mark your answer. a) T_X_ F Wisconsin is the world s largest cranberry production region, producing almost half of
Which Income Options are Right for You?
Which Income Options are Right for You? Paul Dietmann, Emerging Markets Specialist Badgerland Financial (608) 370-6956 Paul.dietmann@badgerlandfinancial.com Whole Farm Planning Workshop for Landowners
File: Organic_Dairy_Transition User: Tim Beck, Penn State Cooperative Extension FINPACK Printed 11/05/2007 3:18:10 PM
Organic_Dairy_Transition FINLRB: Options File: Organic_Dairy_Transition User: Tim Beck, FINPACK Printed 11/05/2007 3:18:10 PM PLAN DESCRIPTION Buy Corn $25 Milk $27 Milk $29 Milk Organic Total crop acres
Suppose a farmer is eligible what triggers a corn PLC Payment? Suppose a farmer is eligible what triggers a corn County ARC Payment?
AAE 320 Fall 2015 Final Exam Name: 1) (20 pts. total, 2 pts. each) True or False? Mark your answer. a) T F Wisconsin s dairy industry maybe important in the U.S., but production in New York far exceeds
Grand County Crop Production Costs and Returns, 2013
December 2013 Applied Economics/2013/10pr Grand County Crop Production Costs and Returns, 2013 Michael Johnson, Extension Associate Professor, Grand County Kynda Curtis, Associate Professor and Extension
Cash Flow Projection
Name Address City, State Preparer Cash Flow Projection Farm Financial Planning Input Forms Farm No. (3 digit) Beginning Cash Flow Date Version 1 Month Year The Cash Flow Projection Program is designed
Statement of Assets Client: as of. Current Assets. INTERMEDIATE ASSETS: Breeding Livestock. Market Livestock. Farm Machinery
Statement of Assets as of Current Assets Current Assets Cash on hand Investments Accounts Receivable Supplies Prepaid Expenses Growing Crops Current Assets Grain & Hay Inventory Grain & Hay on Hand Quantity
Iowa Farm Lease. This lease agreement is made this day of,, between. Operator(s): address: Owner(s): address:
Iowa Farm Lease This lease agreement is made this day of,, between Operator(s): address: Owner(s): address: telephone telephone Owner(s) representative: address: telephone THE PARTIES AGREE AS FOLLOWS:
FARM LIABILITY APPLICATION APPLICANT INFORMATION SECTION
FARM LIABILITY APPLICATION Renewal of # APPLICANT INFORMATION SECTION Date: Producer: : Underwriter: Producer Contact: Producer Phone # Producer FAX # Producer Code Producer Email: Farm or General Liability
Estimated Use Value of Agricultural and Horticultural Land in Carroll
Questions regarding any statutorily related issues surrounding use-value assessment should be directed to Keith Mawyer or Tom Morelli at the Property Tax Unit, Virginia Department of Taxation. Questions
Accrued rents & Lease payments Other (including relatives)
Balance Sheet Financial Statement Name: As Of: Name Home Phone: Address: Email Address First Merchants Bank SSN# Cell Phone: SSN# Cell Phone: Current Assets Market Value Current Liabilities Market Value
Statement of Farming Activities
Statement of Farming Activities Use this form to calculate your self-employment farming income. For each farming business, fill in a separate Form T0. Fill in this form and send it with your income tax
To: Logansport Savings Bank Name Birth Date Address Co-Owner Birth Date Telephone No. Date of Financial Statement (Use Nearest $)
To: Logansport Savings Bank Name Birth Date Address Co-Owner Birth Date Telephone No. Date of Financial Statement (Use Nearest $) ASSETS LIABILITIES Current Assets Cash on Hand Deposits - Current Liabilities
QuickBooks Preferences & Lists (Module #2) Lara L. Worden Area Agriculture Agent
QuickBooks Preferences & Lists (Module #2) Lara L. Worden Area Agriculture Agent Navigating QuickBooks Menu Bar Customize Icon Bar Navigation Bar Icon Bar Centers The Ground Rules QuickBooks menu commands
To Invest Or Not To Invest
To Invest Or Not To Invest Making long-term investments for your small to medium sized business John Molenhuis and Dave McLeod, OMAFRA Introduction This session is for the small to medium-sized producer
2014 Farm Bill Update. International Crop Expo February 19, 2015
2014 Farm Bill Update International Crop Expo February 19, 2015 Decisions Operators and Owners Need to Make Yield Update Base Reallocation Choice of Safety Net Yield Update Everyone should attempt to update
Primary and Alternative Crop Budgets along with Marketing for Presented by: Josh Tjosaas, Northland College FBM
Primary and Alternative Crop Budgets along with Marketing for 2019 Presented by: Josh Tjosaas, Northland College FBM Quick Quiz Which farmer is the most profitable per acre with Spring Wheat at $6.00 per
Farm Financial Update
Farm Financial Update Tina Barrett Nebraska Farm Business, Inc. Nebraska Farm Business, Inc. The Nebraska Farm Business Association was started in 1976 as part of Cooperative Extension & The University
Illinois Livestock Share Lease
Illinois Livestock Share Lease To use this lease form. Complete two identical copies one for the (Landowner) and one for the (Tenant). Cross out any provisions that are not to become a part of the contract.
Farm Enterprise Budgeting: Should I Grow Corn, Convert to Pasture
Farm Enterprise Budgeting: Should I Grow Corn, Convert to Pasture or? Paul Dietmann, Emerging Markets Specialist Badgerland Financial Paul.dietmann@badgerlandfinancial.com WI Land + Water Conservation
Pat Westhoff FAPRI-MU, University of Missouri
Agricultural Lender meetings Dexter and Sikeston, MO December 1, 214 Pat Westhoff (westhoffp@missouri.edu) FAPRI-MU, University of Missouri www.fapri.missouri.edu Eliminates many existing farm programs
Financial Challenges Facing Nebraska Producers in 2015 Tina Barrett Executive Director Nebraska Farm Business, Inc.
Financial Challenges Facing Nebraska Producers in 2015 Tina Barrett Executive Director Nebraska Farm Business, Inc. Nebraska Farm Business, Inc. The Nebraska Farm Business Association was started in 1976
Suppose a farmer is eligible what triggers a corn PLC Payment? Suppose a farmer is eligible what triggers a corn County ARC Payment?
AAE 320 Fall 2014 Final Exam Name: 1) (20 pts. total, 2 pts. each) True or False? Mark your answer. a) T F Wisconsin s cranberry industry maybe important in the U.S., but production in Canada far exceeds
Statement of Farming Activities
Statement of Farming Activities Use this form to calculate your self-employment farming income. For each farming business, fill in a separate Form T0. Fill in this form and send it with your income tax
PRF Insurance: background
Rainfall Index and Margin Protection Insurance Plans 2017 Ag Lenders Conference Garden City, KS October 2017 Dr. Monte Vandeveer KSU Extension Agricultural Economist PRF Insurance: background Pasture,
Understanding Markets and Marketing
Art Understanding Markets and Marketing Randy Fortenbery School of Economic Sciences College of Agricultural, Human, and Natural Resource Sciences Washington State University The objective of marketing
Commodity Programs in 2014 Farm Bill. Key Provisions
Commodity Programs in 2014 Farm Bill Gary Schnitkey, Jonathan Coppess, Nick Paulson, and Carl Zulauf University of Illinois The Ohio State University (February 13, 2014) 1 Key Provisions Eliminates direct,
North West North Dakota
EC1657 December 2014 Projected 2015 Crop Budgets North West North Dakota Andrew Swenson, Farm Management Specialist Ron Haugen, Farm Management Specialist The 2015 crop budgets provide an estimate of revenues
Whole Farm Budgeting for Grain Farms
Whole Farm Budgeting for Grain Farms James B. Johnson Department of Agricultural Economics and Economics Montana State University - Bozeman December 6/7, 1999 In cooperation with Montana MarketManager
Owning or operating corn Base Acres makes you eligible for corn direct payment No trigger for corn DP, just own or operate
AAE 320 Spring 2012 Final Exam Name: 1) (20 pts. total, 2 pts. each) True or False? Mark your answer. a) T F Wisconsin s cranberry industry may be important in the state, but nationally it ranks quite
NEW YORK DAIRY FARM RENTERS 2004
DECEMBER 2005 E.B. 2005-16 NEW YORK DAIRY FARM RENTERS 2004 Wayne A. Knoblauch Linda D. Putnam Department of Applied Economics and Management College of Agriculture and Life Sciences Cornell University,
NET WORTH STATEMENT - FARMERS AND RANCHERS Name: Date of Statement: Valuation Method: Market Cost
NET WORTH STATEMENT - FARMERS AND RANCHERS Name: Address: Phone: Date of Statement: Valuation Method: Cost Note: This net worth statement should be filled in as a single entity. If you are able to separate
Economics 330 Spring 2000 Exam la. Production should continue in the long run as long as revenue will cover all costs.
~.,., " PART I. Indicate the best answer. Economics 330 Spring 2000 Exam la Name Lab: Lecture: T W R 11:00 2:00 True or False (2pts. each) @F 1. T (j) 2. T@3. & F 4. T~5. Production should continue in
b) (3 pts.) Based on this Balance Sheet, what is the Current Ratio on 12/31/2010? CR = current assets/current liabilities = 320,000 / 200,000 = 1.
AAE 320 Spring 2011 Exam #2 Name: KEY 1) (15 pts. total) Below is a simplified farm Balance Sheet. a) (5 pts.) Use the information given and your knowledge of the relationships among Balance Sheet entries
Net Worth Statement Instructions & Forms Dan Childs NF-AE-01-02
Net Worth Statement Instructions & Forms Dan Childs NF-AE-01-02 NF Net Worth Statement Instructions The Samuel Roberts Noble Foundation Introduction: Good financial management is very important to being
Dryland Bermuda Enterprise Budget - Hay Only 1000 acres farmed, 160 acres for this budget. OSU Name. OKLAHOMA COOPERATIVE Farm Description
Dryland Bermuda Enterprise Budget - Hay Only 1000 acres farmed, 160 acres for this budget OSU Name OKLAHOMA COOPERATIVE Farm Description EXTENSION SERVICE Total PRODUCTION Units Price Quantity $/Acre Hay
PERSONAL TAX INFORMATION WORKSHEET
PERSONAL TAX INFORMATION WORKSHEET Please check the appropriate box: Date Received: I need my taxes done early for my child s financial aid. Most of the information needed to complete this form can be
National marketing year average price less than the $3.70 Reference Price. Suppose a farmer is eligible what triggers a corn County ARC Payment?
AAE 320 Fall 2014 Final Exam Name: KEY 1) (20 pts. total, 2 pts. each) True or False? Mark your answer. a) T F_X_ Wisconsin s cranberry industry maybe important in the U.S., but production in Canada far
Step Up Your Grain Game! Crop Economics for 2018
Step Up Your Grain Game! Crop Economics for 2018............................... Roy Arnott, P.Ag. & Darren Bond, P.Ag. Farm Management Specialists What we already know Doing your cost of production for
Statement of Farming Activities
Statement of Farming Activities For more information on how to fill in this form, see Guide T00, Farming and Fishing Income. Identification Your name Your social insurance Farm name Business Farm address
TEXAS EDWARDS PLATEAU WESTERN
r r TEXAS EDWARDS PLATEAU WESTERN FOREWORD The enterprise budgets for Texas Edwards Plateau-Western Region are based on yields, pro duction input quantities, and production practices which represent the
2009 Michigan Upper Peninsula Dairy Business Analysis Summary. Eric Wittenberg And Christopher Wolf. Staff Paper December, 2010
2009 Michigan Upper Peninsula Dairy Business Analysis Summary Eric Wittenberg And Christopher Wolf Staff Paper 2010-08 December, 2010 Department of Agricultural, Food, and Resource Economics MICHIGAN STATE
2014 Iowa Farm Business Management Career Development Event. INDIVIDUAL EXAM (150 pts.)
2014 Iowa Farm Business Management Career Development Event INDIVIDUAL EXAM (150 pts.) Select the best answer to each of the 75 questions to follow (2 pts. ea.). Code your answers on the answer sheet provided.
Purdue Outlook Update 2011
Percent Purdue Outlook Update 211 211 Indiana Agricultural Outlook Corinne Alexander & Chris Hurt hurtc@purdue.edu Ethanol World Economic Growth Dollar Value Surprises and Uncertainty! Change Wheat Production
Pulling the Marketing Trigger
Pulling the Marketing Trigger Robert Wisner Iowa State University Why Marketing is Critical Typical Corn Net Profit Margin, Past Years: $.30/ bu. $.10 increase in Price = 33% increase in Net Returns Also
2010 Michigan Upper Peninsula Dairy Business Analysis Summary. Eric Wittenberg And Christopher Wolf. Staff Paper December, 2011
2010 Michigan Upper Peninsula Dairy Business Analysis Summary Eric Wittenberg And Christopher Wolf Staff Paper 2011-12 December, 2011 Department of Agricultural, Food, and Resource Economics MICHIGAN STATE
2017 Farm Tax Worksheet For Clients of Erpelding, Voigt & Co., L.L.P.
2017 Farm Tax Worksheet For Clients of Erpelding, Voigt & Co., L.L.P. INCOME WORKSHEET SALES/COSTS OF LIVESTOCK PURCHASED FOR RESALE: Sold Proceeds Bought Cost Net Calves/fat cattle $ $ $ Calves/fat cattle
Employee Liability Insurance $/$1,000 wages $ Employee Benefits percent/wages 18.00% Labor Downtime percent 25.00%
TABLE 1. Acreage Summary, Union County, TABLE 2. Basic cost information for Dry Cimarron area, Union County, BUDGET AREA DRY CIMARRON AREA, UNION COUNTY FARM SIZE. 80 ACRES Item IRRIGATION TYPE FLOOD NUMBER
Presentation Outline
The Current and Future Farm Policy Outlook for Corn and Soybeans Joe L. Outlaw Professor & Extension Economist Co-Director, AFPC Minnesota Crop Insurance Conference Mankato, MN September 12, 2013 Presentation
Farm Bill Details and Decisions
Farm Bill Details and Decisions Bradley D. Lubben, Ph.D. Extension Assistant Professor, Policy Specialist, and Director, North Central Extension Risk Management Education Center Department of Agricultural
NEW YORK DAIRY FARM OCTOBER 2008 E.B Wayne A. Knoblauch Linda D. Putnam
OCTOBER 2008 E.B. 2008-23 NEW YORK DAIRY FARM RENTERS 2007 Wayne A. Knoblauch Linda D. Putnam Department of Applied Economics and Management College of Agriculture and Life Sciences Cornell University,
North Central North Dakota
EC1654 December 2014 Projected 2015 Crop Budgets North Central North Dakota Andrew Swenson, Farm Management Specialist Ron Haugen, Farm Management Specialist The 2015 crop budgets provide an estimate of
Farm Bill and Texas A&M Computer Training. Nebraska Innovation Campus Conference Center January 14, 2015
Farm Bill and Texas A&M Computer Training Nebraska Innovation Campus Conference Center January 14, 2015 Farm Bill Details and Decisions Bradley D. Lubben, Ph.D. Extension Assistant Professor, Policy Specialist,
Is GRP A Good Deal For My Corn?
Learning for life Is GRP A Good Deal For My Corn? February 19, 2007 Paul D. Mitchell, Assistant Professor, Agricultural and Applied Economics, UW-Madison Telephone: (608) 265-6514, Email: pdmitchell@wisc.edu
2012 Harvest Prices for Corn and Soybeans: Implications for Crop Insurance Payments
November 1, 2012 2012 Harvest Prices for Corn and Soybeans: Implications for Crop Insurance Payments Permalink URL http://farmdocdaily.illinois.edu/2012/11/2012_harvest_prices_for_corn_a.html The 2012
Wisconsin Agricultural. Land Prices. Ag land values up 5% in 2014.
Wisconsin Agricultural 2014 Land Prices High milk prices and low interest rates combined to drive Wisconsin agricultural land prices higher again in 2014. While there is great variation in valuation from
EC Cash Flow Planning with the Aid of your Record Book and Budgeting
University of Nebraska - Lincoln DigitalCommons@University of Nebraska - Lincoln Historical Materials from University of Nebraska- Lincoln Extension Extension 1971 EC71-850 Cash Flow Planning with the
2014 Dairy Farm Business Summary
Cornell Cooperative Extension Prepared by Department of Applied Economics and Management Cornell University 214 Dairy Farm Business Summary Farm Educator 2/8/215 Progress of the Farm Business SELECTED
NEW YORK DAIRY FARM RENTERS 2011
OCTOBER 2012 E.B. 2012-13 NEW YORK DAIRY FARM RENTERS 2011 Wayne A. Knoblauch Linda D. Putnam Charles H. Dyson School of Applied Economics and Management College of Agriculture and Life Sciences Cornell
Arizona Field Crop Budgets Cochise County
Arizona Field Crop Budgets 1999-2000 Cochise County Trent Teegerstrom Research Specialist and Lee Clark Director Safford Agricultural Center March 1999 Cooperative Extension The University of Arizona College
NEW YORK DAIRY FARM DECEMBER 2010 E.B Wayne A. Knoblauch Linda D. Putnam
DECEMBER 2010 E.B. 2010-18 NEW YORK DAIRY FARM RENTERS 2009 Wayne A. Knoblauch Linda D. Putnam Charles H. Dyson School of Applied Economics and Management College of Agriculture and Life Sciences Cornell
Farm Financial Management Case: Mayer Farm 2013
Farm Financial Management Case: Mayer Farm 2013 The Mayer Farm Case is provided to you as an alternative to using your own financial data. Using the Mayer Farm Case data you can complete the following
Texas Coastal Bend District
I Texas Agricultural Extension Service W The Texas A&M University System B-1241(C11) Texas Crop Enterprise Budgets Texas Coastal Bend District Wash ington Fayette Austin Colorado Lavaca Wharton Karnes
Six Year Trend Analysis New York State Dairy Farms Selected Financial and Production Factors
January 2018 EB 2018 01 Six Year Trend Analysis New York State Dairy Farms Selected Financial and Production Factors Dairy Farm Business Summary New York State Same 138 Farms 2011 2016 Jason Karszes Kayla
Managing Feed and Milk Price Risk: Futures Markets and Insurance Alternatives
Managing Feed and Milk Price Risk: Futures Markets and Insurance Alternatives Dillon M. Feuz Department of Applied Economics Utah State University 3530 Old Main Hill Logan, UT 84322-3530 435-797-2296 dillon.feuz@usu.edu
Crop Loan Application
Crop Loan Application 1. Borrower Applicant SSN of Birth Co-Applicant/Spouse SSN of Birth Applicant (Entity) Entity TID Year Began Farming Mailing Address City, State Zip Business Phone # Mobile Phone
Farm Taxes. David L. Marrison, Associate Professor
Farm Taxes David L. Marrison, Associate Professor Session Objectives Provide a background on how to manage your farm records for ease in completing Schedule F tax returns. Discuss additional federal tax
2014 Farm Bill Overview
2014 Farm Bill Overview Presented as part of a panel discussion at the City Bank Wealth of Knowledge Seminar Series, March 31, 2014 Key Elements Dairy Program Dairy Product Support and MILC programs replaced
Kansas State University Department Of Agricultural Economics Extension Publication 08/30/2017
Margin Protection Crop Insurance Coverage Comes to Kansas Monte Vandeveer (montev@ksu.edu) Kansas State University Department of Agricultural Economics August 2017 A new form of crop insurance coverage
BUSINESS SUMMARY DAIRY FARM NORTHERN NEW YORK REGION 2004 AUGUST 2005 E.B
AUGUST 2005 E.B. 2005-07 DAIRY FARM BUSINESS SUMMARY NORTHERN NEW YORK REGION 2004 Wayne A. Knoblauch Linda D. Putnam Jason Karszes Peggy Murray Frans Vokey Molly Ames William Van Loo Department of Applied
1998 Income Management for Crop Farmers
1998 Income Management for Crop Farmers Gary Schnitkey and Scott Irwin 1 The fall of 1998 has brought a precipitous drop in grain prices, with harvest-time corn prices below $2.00 per bushel and soybean
Why has Crop Insurance Changed from an Unpopular Policy to the Farmer Preferred Policy?
What Coverage Fits My Farm? Dr. G.A. (Art) Barnaby Kansas State University Dr. Art Barnaby was raised on a diversified farm, located in Elk County, Kansas. Art received his B.S. degree from Fort Hays State
Introduction January 10, 2019
Introduction January 10, 2019 Michael Langemeier Department of Agricultural Economics Purdue University Purdue.edu/commercialag White County Farms Enterprises Corn; 1,500 acres Soybeans; 1,500 acres Owned
East Central North Dakota
EC1658 December 2014 Projected 2015 Crop Budgets Note: This region consists of five counties: Eddy, Foster, Griggs, Stutsman and Wells. East Central North Dakota Andrew Swenson, Farm Management Specialist
North West North Dakota
EC1657 December 2018 Projected 2019 Crop Budgets North West North Dakota Andrew Swenson, Farm Management Specialist The contributions of NDSU Extension Specialists: Ron Haugen, Frayne Olson, Janet Knodel,
2005 Michigan Feeder Steers Business Analysis Summary. Eric Wittenberg and Roy Black. Staff Paper December, 2006
2005 Michigan Feeder Steers Business Analysis Summary Eric Wittenberg and Roy Black Staff Paper 2006-31 December, 2006 Department of Agricultural Economics MICHIGAN STATE UNIVERSITY East Lansing, Michigan
South East North Dakota
EC1659 January 2017 Projected 2017 Crop Budgets Note: This region consists of six counties: Barnes, Dickey, LaMoure, Ransom, Sargent and Steele. South East North Dakota Andrew Swenson, Farm Management
South West North Dakota
EC1652 December 2018 Projected 2019 Crop Budgets South West North Dakota Andrew Swenson, Farm Management Specialist The contributions of NDSU Extension Specialists: Ron Haugen, Frayne Olson, Janet Knodel,
Projected 2010 Crop Budgets North Central North Dakota
December 2009 Projected 2010 Crop Budgets North Central North Dakota Andrew Swenson, Farm Management Specialist Ron Haugen, Farm Management Specialist The 2010 crop budgets provide an estimate of revenues
Farm Bill Details and Decisions
Farm Bill Details and Decisions Bradley D. Lubben, Ph.D. Extension Assistant Professor, Policy Specialist, and Director, North Central Extension Risk Management Education Center Department of Agricultural