economics

Dairies: Cost of Production More Important Than Milk Prices

Profiting from efficient milk production According to the DairyCo (UK) Milkbench+ report, the relationship between cost of production and profit is much stronger than many dairies realize. The report states that cost of production is the most significant factor in determining profit.
Milkbench+ analyst Karolina Klaskova says: “Through robust data and statistical analysis we see that the relationship between cost of production and margin is strong.” Ms Klaskova acknowledges that the findings are challenging. “The report raises many issues, including just how difficult it can be to make a profit from milk production,” she says.

Farmland Prices Going Higher?

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Audio via PoultryCast

Terry Feldheim of the Farm Credit Service of America highlights the support underpinning land prices at these levels.

What is sustainable ag lending? That really comes down to a concept what is sustainable at given prices. We look at farmers and ranchers, asking if they can cash flow $4.50 corn? If he can cash flow that, he has a much higher probably of sustaining the volatility that comes at us.

The operations that will get loans must have strong working capital positions and actions in play to reduce any debts as quickly as possible.

What Are Global Perspectives on Commodity Price Spikes?


Photo AP Photo/Danny Johnston, File

The Diane Rehm Show brought together four experts on world economies and agriculture to address the current commodity prices and their impact on food, fuel, and fiber.

Future Of Ag, Is Worth Waiting For?


Economist Brian Briggeman, the Federal Reserve Bank of Kansas City, Omaha Branch, discusses the outlook for the agriculture economy and international transitions. 

100 Questions That Can Change Agriculture


Many organizations are stating that by 2050 there will be 9 billion people on Earth and that agriculture must change to be able to produce enough food for this growing population.

 

Despite a significant growth in food production over the past half-century, one of the most important challenges facing society today is how to feed an expected population of some nine billion by the middle of the 20th century.

The top 100 questions of importance to the future of global agriculture is the result of research and focused conversations about the global issues, agriculture, and being able to meet the food needs of the world.

 

The aim is to use sound scientific evidence to inform decision making and guide policy makers in the future direction of agricultural research priorities and policy support. If addressed, we anticipate that these questions will have a significant impact on global agricultural practices worldwide, while improving the synergy between agricultural policy, practice and research. This research forms part of the UK Government's Foresight Global Food and Farming Futures project.

How Will Corn and Ethanol Play in 2011?

Dr. Steve Meyer, Paragon Economics, provides an in-depth pork industry economic update, from the Swine Forecast 2011 webinar, December 1, 2010.

Key factors for 2011: Ethanol and biofuels policy; Grains and costs of production; Policy decisions; Macro-economic situation – esp. $US; Last month’s elections

What Is The Future of Pork Industries?


Dr. Roger Campbell, Pork Cooperative Research Center (CRC), share an international perspective on the the future of the pork industries, from the Swine Forecast 2011 webinar, December 1, 2010.

Continue to enhance efficiency of production and actively address likelihood of increasing and volatile feed costs; Exploit growing global demand for pork and cost advantages – more exports and better understanding global customer demands; Be aware of growing welfare and environmental concerns – they are likely to affect all countries directly and indirectly.

What is the Economic Outlook for Farms and Ranches?


The Agricultural and Food Policy Center (AFPC) at Texas A&M University and the Food and Agricultural Policy Research Institute (FAPRI) at the University of Missouri recently published their Representative Farms Economic Outlook for December 2010. This baseline report offers an assessment of farms, crops and their financial outlook.

Feed grain producers across the nation should increase the financial strength of their operators over the next five years, helped by strong commodity prices. Farms that have been in marginal or poor financial position in the last several years because of lower grain prices should recover and climb into stronger financial positions.

Some highlights include:

What is Next For GIPSA and the Poultry Industry?

Now that the comment period for the GIPSA Rule is over, farmers, ranchers, producers, and industry partners are pondering what the USDA will do.

Proposals include: setting a pay scale for poultry growers, putting tighter controls on contracts that require farmers to make costly upgrades, and making it easier for farmers to sue poultry companies over contract violations. The USDA was empowered to create new poultry contract rules by the 2008 Farm Bill.

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