FARE Blog

Food, Agriculture, and Resource Economics

Beef Herd Expansion Possibilities

by Levi A. Russell Board prices for feeders and fats have been quite strong in the past few months and Georgia producers have seen similarly strong prices in our cash markets, relative to seasonal expectations. The typical seasonal downward slide into October and November has not appeared and prices have…
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How big is this peanut crop?

by Adam N. Rabinowitz The 2017 peanut harvest is well underway with over 70 percent of the Georgia crop dug and over 50 percent harvested.  While Hurricane Irma negatively impacted the cotton crop, there was no widespread negative impact on peanuts.  Both irrigated and dryland peanuts are looking good. Peanut…
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Lenders Indicate Increase in Non-Performing Loans

by Brady Brewer In a recent survey of agricultural lenders from across the nation conducted by researchers at the University of Georgia and Kansas State University, agricultural lenders indicated that non-performing loans increased and lenders expected this pattern to continue in the short and long term (Brewer et al., 2017)….
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Southern Outlook Conference Presentations Available

by Levi Russell Last week in Atlanta Extension economists, lenders, and ag media met in Atlanta to discuss the market and policy outlook for agricultural commodities in the Southeast in the coming year. UGA economists presented the outlook for peanuts, timber, turfgrass, the green industry, cotton, poultry, and hogs. All…
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Use Accrual Accounting to Better Gauge Farm Profitability

By Amanda R. Smith Most farmers are familiar with the method of cash-based accounting. With cash-based accounting, a farmer records income when they receive a cash payment for their crops, animals or animal products. Furthermore, they record an expense when a payment is made by the farmer to the input…
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Feedlot Conditions and Beef Prices

by Levi Russell Any time I discuss economic conditions in the industry, I try to be as faithful as I can to forecasts and current conditions and avoid undue pessimism or optimism. The beef cattle industry from pastures to processors has had a pretty good year so far in terms…
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Planted Acres vs Base Acres

by Adam Rabinowitz There have been some comments from policymakers regarding the upcoming farm bill and the debate between planted acres and base acres.  Here is an explanation as to why base acres have been used and the potential impact of using planted acres. The 2014 Farm Bill contains provisions…
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Tool for Valuing Replacements

One important financial aspect of cow-calf production is evaluating replacement decisions. Whether you always hold back your own replacements or look for opportunities to expand when the price is right, it’s crucial to take an objective look at the profitability and feasibility of your investment. To help producers with this…
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Looking Ahead: Feed Costs This Fall

As we saw in 2013, corn price movements can have a big impact on steer prices. Feed prices are obviously important for feedlot operators, but they have implications for stocker and cow-calf operators as well. Recent crop condition reports and yield estimates, combined with a 3% reduction in planted acres…
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