July 2017 updates from Ag Decision Maker

Ag Decision Maker

Business Solutions for Farms and Agribusiness from Iowa State University Extension and Outreach

July Newsletter (pdf)

New and Updated Files


Iowa Farm Outlook

Livestock — Large Hog Supplies Should be Manageable
Crops — Some Fireworks for the 4th


Ag Marketing Resource Center Renewable Energy  Report


Ag Decision Maker (AgDM)

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Acreage Shifts and Crop Flows (6/30/17)

Chad Hart, ISU Extension Grain Marketing Economist, provides a summary of the latest USDA reports.

The Acreage and Grain Stocks reports were released June 30th. And for the most part, the numbers were within the range of expectations.  The corn numbers ran a bit higher than the trade expectations, but the soybean numbers were a bit below. For corn, national acreage was estimated at 90.9 million acres. That is roughly 900,000 acres more than farmers indicated in March. Producers in Iowa, Nebraska, Kansas, North Dakota, Michigan, and Colorado increased corn plantings, raising corn acreage by at least 100,000 acres in each state when compared to the March projections. Meanwhile, producers in Illinois, Indiana, and South Dakota reduced corn area by at least 100,000 acres in each state. For soybeans, national acreage was estimated at 89.5 million acres, just 31,000 acres more than the March intentions. While farmers in Illinois, North Dakota, and Missouri increased soybean plantings significantly when compared to intentions, farmers in Iowa, Indiana, Kansas, and Louisiana offset those gains. Overall, the trade expected more soybeans and less corn. And the bigger surprise is likely the smaller soybean acreage number.

National stocks for both crops were up 11 percent compared to last year, but that was to be expected given the record production for both crops last fall. The key feature in the stocks report to me was the disappearance rates  For corn, quarterly disappearance was up 9 percent, while for soybeans it was up 18 percent.  So crop usage remains robust and has continued to chew through the large supplies.  Combined, these reports provided a little positive news for the crop markets.

Ag Decision Maker (AgDM)

An agricultural economics and business website.

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June 2017 updates from Ag Decision Maker

Ag Decision Maker

Business Solutions for Farms and Agribusiness from Iowa State University Extension and Outreach

June Newsletter (pdf)

New and Updated Files


Iowa Farm Outlook

Livestock — Strong Prices with Large Slaughter Suggest Firm Meat Demand
Crops — The Challenge of a Global Market


Ag Marketing Resource Center Renewable Energy  Report


Choices

Theme Overview: U.S. Commodity Markets Respond to Changes in China’s Ag Policies
China’s Evolving Agricultural Support Policies
U.S. Agricultural Exports to China Increased Rapidly Making China the Number One Market
Food Security in China from a Global Perspective
The WTO Dispute on China’s Agricultural Supports


Ag Decision Maker (AgDM)

An agricultural economics and business website.

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May 2017 updates from Ag Decision Maker

Ag Decision Maker

Business Solutions for Farms and Agribusiness from Iowa State University Extension and Outreach

May Newsletter (pdf)

  • Cash rental rates fall for a fourth consecutive year in Iowa
  • Ag cooperatives consolidating, too

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New and Updated Files


Iowa Farm Outlook

Livestock — Higher Production Trims Livestock Prices, Cash Receipts
Crops — Rain and Grain


Ag Marketing Resource Center Renewable Energy  Report


Choices

Theme Overview: Farm Labor Issues in the Face of U.S. Immigration and Health Care Reform
Sustaining a Healthy Farm Labor Force: Issues for Policy Consideration
Trump, Immigration, and Agriculture
Anti-Immigration Reform and Reductions in Welfare: Evidence from the Meatpacking Industry


Ag Decision Maker (AgDM)

An agricultural economics and business website.

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April 2017 updates from Ag Decision Maker

Ag Decision Maker

Business Solutions for Farms and Agribusiness from Iowa State University Extension and Outreach

April Newsletter (pdf)

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New and Updated Files


Iowa Farm Outlook

Livestock — More Hogs, Higher Prices Reflect Strong Demand
Crops — Big Crops and Big Uncertainties


Ag Marketing Resource Center Renewable Energy  Report


Center for Agricultural and Rural Development Agricultural Policy Review


Ag Decision Maker (AgDM)

An agricultural economics and business website.

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March 2017 updates from Ag Decision Maker

Ag Decision Maker

Business Solutions for Farms and Agribusiness from Iowa State University Extension and Outreach

March Newsletter (pdf)

New and Updated Files


Iowa Farm Outlook

Outlook Information for Crops and Livestock

Livestock — Beef and Dairy Market Relationships
Crops — A Preview for the 2017 Crops


AgMRC Renewable Energy  Report

Ag Marketing Resource Center

Ag Decision Maker (AgDM)

An agricultural economics and business website.

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February 2017 updates from Ag Decision Maker

Ag Decision Maker

Business Solutions for Farms and Agribusiness from Iowa State University Extension and Outreach

February Newsletter (pdf)

New and Updated Files


Iowa Farm Outlook

Outlook Information for Crops and Livestock

Livestock — Livestock Market Adjustments and Opportunities
Crops — A Little Brighter Outlook, For Now


AgMRC Renewable Energy  Report

Ag Marketing Resource Center

Choices

A publication of Agricultural & Applied Economics Association AAEA

Ag Decision Maker (AgDM)

An agricultural economics and business website.

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Videos provide financial tips, explain mediation

Chad Hart, ISU Extension Grain Marketing Economist, highlights new Iowa State University Extension and Outreach videos for today’s current farm financial situation.

With commodity prices low and projected to stay that way over the next couple years, farmers have begun to feel the pinch in their pocketbooks. This has made managing the finances of the farm that much more important. With this in mind, Iowa State University Extension and Outreach has released two videos that deal with the current farm financial situation and what can be done to alleviate financial pressure.

I host the first video, titled Tips for Managing Margins. It offers ideas for how to weather the next few years of low crop prices like protecting capital, reviewing production costs and renegotiating loans.

The second video, called Understanding Farm Mediation, was created in partnership with Iowa Mediation Service and is about the process of mediation. Mediation is an option available to farmers as they work with their creditors to find a mutually beneficial solution to a delinquent secured agricultural debt of $20,000 or more.

This short video provides tips to help farmers better understand what mediation is and when it may be necessary. It describes the process and provides a step-by-step guide on how to prepare for mediation.

While mediation is available should it be needed, ISU Extension and Outreach also provides these financial resources to help farmers create a financial plan for their operation:

  • The Iowa Concern Hotline provides free legal information to both rural and urban Iowans. Services are available 24 hours a day, 7 days a week by calling 1-800-447-1985.
  • The Center for Agricultural Law and Taxation provides information about the application of developments in agricultural law and taxation.
  • Farm Financial Associates are available to provide a no-cost look at a farm’s complete financial situation.
  • The Beginning Farmer Center helps inform and support those who are getting started in farming. It also works with established farmers on succession planning for when they leave the industry.

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January 2017 updates from Ag Decision Maker

Ag Decision Maker

Business Solutions for Farms and Agribusiness from Iowa State University Extension and Outreach

January Newsletter (pdf)

New and Updated Files


Iowa Farm Outlook

Outlook Information for Crops and Livestock

January Newsletter

Livestock — Pork industry shaping itself for the future
Crops — Crop Usage Has Never Been Better


AgMRC Renewable Energy  Report

Ag Marketing Resource Center

Choices

A publication of Agricultural & Applied Economics Association AAEA

Ag Decision Maker (AgDM)

An agricultural economics and business website.

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December 2016 updates from Ag Decision Maker

Ag Decision Maker

Business Solutions for Farms and Agribusiness from Iowa State University Extension and Outreach

December Newsletter (pdf)

New and Updated Files


Iowa Farm Outlook

Outlook Information for Crops and Livestock

December Newsletter

Livestock — Glean More Information from Cattle Market Reports
Crops — A Projected Change in the Balance


AgMRC Renewable Energy  Report

Ag Marketing Resource Center

Choices

A publication of Agricultural & Applied Economics Association AAEA

Ag Decision Maker (AgDM)

An agricultural economics and business website.

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