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Articles 1 - 16 of 16
Full-Text Articles in Life Sciences
Organic Production Of Livestock And Livestock Products In Nebraska, Elliott James Dennis
Organic Production Of Livestock And Livestock Products In Nebraska, Elliott James Dennis
Extension Farm and Ranch Management News
First paragraph:
USDA “Certified Organic” is a form of production that has received considerable public attention in the last 10 years, particularly among small, beginning and/or minority farmers. Spiking retail prices for red meat and poultry have seemingly accelerated consumer’s interest in organic locally produced products. Consumers demonstrate their desire for these products by paying premiums when purchasing meat products. Producers receive premiums by either directly marketing live animals to consumers that are custom harvested or marketing animals to meat wholesalers. The primary difference is the way premiums are captured. Producers doing custom harvesting capture the full premium whereas producers …
Uncertainties Abound In Nebraska Livestock Market Forecasts, Elliott James Dennis
Uncertainties Abound In Nebraska Livestock Market Forecasts, Elliott James Dennis
Extension Farm and Ranch Management News
About one of the only things certain about forecasts this year has been the great deal of uncertainty. Numerous “novel” situations have confronted the industry making it difficult to estimate price magnitudes rather than just price direction. Clustered plant closures, government quarantine restrictions, and increasing at home phone consumption are just a few of the major issues the beef industry has had to tackle in the last six to eight months. Some things have returned to “normal” such as packing plant capacity and food service demand. Others are still in ongoing recovery.
Who knows what “normal” or “standard operating procedure” …
Comparing Profitability And Management Factors Across Operation Type: Independent Vs. Contract Growing, Elliott James Dennis
Comparing Profitability And Management Factors Across Operation Type: Independent Vs. Contract Growing, Elliott James Dennis
Extension Farm and Ranch Management News
First paragraph:
There is strong local and national interest in adding hog barns to existing row crop operations. Declining on farm income over the past several years has accelerated this interest. Grain operations cite diversifying farm income, adding another family to the farm operation, and/or replacing commercial fertilizer expense as the primary reasons for adding a hog barn.
A Historical Perspective On The Holcomb Fire: Differences And Similarities To The Covid-19 Situation And Other Significant Market Events, Elliott James Dennis
A Historical Perspective On The Holcomb Fire: Differences And Similarities To The Covid-19 Situation And Other Significant Market Events, Elliott James Dennis
Extension Farm and Ranch Management News
Copyright 2020, the author. Used by permission.
Financial Health Of Grain Operations After Adding A Hog Barn, Elliott James Dennis
Financial Health Of Grain Operations After Adding A Hog Barn, Elliott James Dennis
Extension Farm and Ranch Management News
There is strong local and national interest in adding hog barns to existing row crop operations. Declining on farm income over the past several years has accelerated this interest. Grain operations cite diversifying farm income, adding another family to the farm operation, and/or replace commercial fertilizer expense as the primary reasons for adding a hog barn.
While there is industry demand to increase hog contract growing, these agreements can possess significant benefits and risks to producers. This is the second of a four part series which will discuss some financial and legal implications of adding a hog barn to an …
Hog Barn Density And Location In U.S. And Nebraska, Elliott James Dennis
Hog Barn Density And Location In U.S. And Nebraska, Elliott James Dennis
Extension Farm and Ranch Management News
There is strong local and national interest in adding hog barns to existing row crop operations. Declining on farm income over the past several years has accelerated this interest. Grain operations cite diversifying farm income, adding another family to the farm operation, and/or replace commercial fertilizer expense as the primary reasons for adding a hog barn.
While there is industry demand to increase hog contract growing, these agreements can possess significant benefits and risks to producers. This is the first of a four part series which will discuss some financial and legal implications of adding a hog barn to an …
Drought Decisions: Profit Maximizing Decisions During And After Drought Conditions, Robert Tigner, Elliott James Dennis
Drought Decisions: Profit Maximizing Decisions During And After Drought Conditions, Robert Tigner, Elliott James Dennis
Extension Farm and Ranch Management News
In summary, using available price risk management tools can effectively reduce some of the market price risk variability that is inherent in agricultural production that are caused by either production or price risk.
Feeder Cattle Future Price Spreads: Opportunities To Hedge?, Elliott James Dennis
Feeder Cattle Future Price Spreads: Opportunities To Hedge?, Elliott James Dennis
Extension Farm and Ranch Management News
First paragraph:
Feeder cattle future price spreads across all months have recovered to near pre-COVID-19 levels as quarantine restrictions and packing plant capacity issues have been mostly sorted out. For example, for the week of July 17, 2010 [sic], prices reached levels not seen since the beginning of March 2020. Pasture and corn progress are two factors that have the potential to push prices lower in the next coming months. Given current market conditions, producers have some options to lock in a margin.
Introduction To The R-Package: Usdampr, Elliott James Dennis, Bowen Chen
Introduction To The R-Package: Usdampr, Elliott James Dennis, Bowen Chen
Extension Farm and Ranch Management News
Why the Need for the Package? In the 1990’s, concern over growing packer concentration and a hog industry market shock resulted in discontent among producers and packers. As a result, the United States Congress passed the Livestock Mandatory Reporting Act of 1999 (1999 Act) [Pub. L. 106-78, Title IX] which is required to be reauthorized every five years. See here for a full history of the Livestock Mandatory Reporting Background.
Market reports were publicly issued in the form of .txt files with varying frequency from April 2000 to April 2020. Current and historical data were also housed in a USDA-AMS …
Utilizing Annual Forage Crops In Rotations, John Hewlett, Jay Parsons, Jeff Tranel
Utilizing Annual Forage Crops In Rotations, John Hewlett, Jay Parsons, Jeff Tranel
Extension Farm and Ranch Management News
First paragraph
Approximately 60 million acres of forage are harvested annually in the United States, according to the National Agricultural Statistical Service (NASS). With lower commodity grain and oilseed prices along with high pasture rental rates and/or difficulty finding range and pasture to rent, some producers are considering ways to incorporate more forages into their crop rotations.
Coronavirus Food Assistance Program For Livestock Producers, Bradley Lubben
Coronavirus Food Assistance Program For Livestock Producers, Bradley Lubben
Extension Farm and Ranch Management News
United States Congress and the President have approved multiple phases of COVID-19 assistance to date including the $2.3 trillion CARES (Coronavirus Aid, Relief, and Economic Security) Act passed in March that provides financial support for agricultural producers as a small part of the overall relief.
While agricultural producers and agribusinesses are eligible for two programs administered through the Small Business Administration, including the Paycheck Protection Program (PPP) and Economic Injury Disaster Loans (EIDLs), the primary support for agriculture is coming from USDA through the Coronavirus Food Assistance Program (CFAP). The CARES Act provided $9.5 billion directly to the Secretary of …
Grain Marketing 2020: Survival And Covid-19, Robert Tigner, Jessica J. Groskopf
Grain Marketing 2020: Survival And Covid-19, Robert Tigner, Jessica J. Groskopf
Extension Farm and Ranch Management News
First paragraph:
Let’s state the obvious: this isn’t a typical year and we all know it. For farmers, it is a survival year. Why? And what might be done to make it through to the other side of the COVID-19 pandemic? This article will discuss how to build a marketing strategy to assure that the farm continues to the next crop year.
Conclusion
This year is shaping up to be a survival year for crop producers. Crop producers need to know at what crop price they will recapture all of the cash they will spend this year. Implementing a marketing …
Has Covid-19 Impacted Price-Weight Relationships And Value Of Gain?, Elliott James Dennis
Has Covid-19 Impacted Price-Weight Relationships And Value Of Gain?, Elliott James Dennis
Extension Farm and Ranch Management News
First paragraph:
In the beginning of COVID-19, much of the attention was focused on managing the redirection of meat product from food service to retail stores. This past month has keenly focused on packing plant closures due to COVID-19 cases among workers and how to manage the supply of fat cattle already ready for slaughter. Fat cattle available for slaughter either cannot get bids or bids are significantly below breakeven prices leaving feedlots with decisions to be made about marketing and placements. The April 2020 Cattle on Feed report (https://usda.library.cornell.edu/concern/publications/m326m174z) revealed March placement decisions. Placements were down about …
Live Cattle Basis Due To Covid-19: Deviations And Convergence, Elliott James Dennis
Live Cattle Basis Due To Covid-19: Deviations And Convergence, Elliott James Dennis
Extension Farm and Ranch Management News
A Fundamental Review on Basis
Basis is defined as the cash minus futures. Cash market reflects today's supply conditions and price. Futures market reflects upcoming supply and demand conditions. If it is anticipated that there will be a period of increasing supplies, futures prices will decline to reflect that information. Likewise, periods of time with expected decreasing supplies, future prices are expected to increase.
Since cash and futures prices can move simultaneously, basis will fluctuate through time. In periods where basis becomes more positive (i.e. basis is said to be strengthening/narrowing) it implies that cash prices are increasing more relative …
Pre Covid-19 Market Conditions Persist & The Stocker Industry Can Dampen The Damage, Elliott James Dennis
Pre Covid-19 Market Conditions Persist & The Stocker Industry Can Dampen The Damage, Elliott James Dennis
Extension Farm and Ranch Management News
First paragraph:
The effects of COVID-19 on the livestock market are well known and felt. Some effects include depressed futures and cash prices, unusual basis patterns, decreased packer bids and sale barn volume, packing plant closures, consumer hording of meat products, and shifting food service products for retail consumption. All these effects occurred as market participants grappled with everchanging government and industry policy which reduced consumer demand and resulted in bottlenecks and increasing supply gluts upstream. Simultaneously reducing demand and increasing supply always cause prices to plummet, and in the case of COVID-19 very rapidly. Some segments of the market …
Value Added Fed And Feeder Cattle Practices: Are They Paying?, Elliott James Dennis
Value Added Fed And Feeder Cattle Practices: Are They Paying?, Elliott James Dennis
Extension Farm and Ranch Management News
Summary
Some value added management programs clearly pay more than others and some do not pay at all. However, just like with a breeding or forage management strategy where not every year the cow gets bred back or the grass has sufficient protein, a value added program strategies premiums vary year to year. Switching the way cattle are managed and raised, handled, and fed requires planning and an understanding of labor and management capabilities. Not every cattle producer could or even should switch management practices an animal health protocol – even if premiums do exist. Thus, careful planning and consideration …