SERA35: Delta Region Farm Management and Agricultural Policy Working Group

(Multistate Research Coordinating Committee and Information Exchange Group)

Status: Active

SAES-422 Reports

Annual/Termination Reports:

[09/22/2016]

Date of Annual Report: 09/22/2016

Report Information

Annual Meeting Dates: 05/25/2016 - 05/27/2016
Period the Report Covers: 10/01/2015 - 09/30/2016

Participants

Robert Boucher – Louisiana State University
Kelly Bryant – University of Arkansas
Tyler Knapp – University of Arkansas
Becky Cross – NASS
Michael Deliberto – Louisiana State University
Esmerelda Dickson – NASS
Larry Falconer – Mississippi State University
Archie Flanders – University of Arkansas
Gail Gillis – Mississippi State University
Brian Hilbun – Louisiana State University
Tyler Mark – University of Kentucky
Michael Salassi – Louisiana State University
Shaun Tanger – Louisiana State University
James Henderson – Mississippi State University
Ben Martin – University of Kentucky
Jessica Richard – University of Kentucky
Ranjit Mane – University of Arkansas
Bob Stark – University of Arkansas
Brad Watkins – University of Arkansas
Reuben Moore – Mississippi State University

Brief Summary of Minutes

SERA35 - Delta States Farm Management Group Presentations


Thursday, May 26


Welcome and Introductions – Michael Salassi


Economic Analysis of Premium Efficiency and Rewind Motors: Energy Savings and Increased Efficiency for Arkansas Row Crop Producers - Ranjit Mane, Bred Watkins and Chris Henry – University of Arkansas


Procedures Used to Calculate Property Taxes for Forestland in Mississippi -  James Henderson and Ian Munn – Mississippi State University


Stocks-To-Use Ratios and Factors of Equilibrium Price Determination for Corn, Soybeans and Wheat - Archie Flanders – University of Arkansas


Return on Investment in On-Farm Storage Reservoirs: A Landscape Perspective - Tyler Knapp and Kent Kovacs – University of Arkansas


Estimation of Fungicide Cost for Rice Production in the United States - Brad Watkins and Ranjit Mane – University of Arkansas


Using Case Farms to Illustrate Risk Reduction Provided by Crop Insurance and Price Risk Tools for Western Kentucky Grain Farms - Tyler Mark, Todd Davis and Johnathan Shepherd – University of Kentucky


Grain Dryer Investment Analysis Decision Aid - Jeremy Jack and Larry Falconer – Mississippi State University


Farm Machinery Financing Options - Michael Deliberto – Louisiana State University


Update on Current USDA-NASS Activities - Becky Cross – Delta Regional NASS Office


SERA Directors Communication - Reuben Moore – Mississippi State University

Accomplishments

The SERA35 group engaged in formal presentation and discussion of current farm management research and extension activities in each of the states represented.  Formal topics of discussion included: economic irrigation efficiency, estimation of property taxes on forestland, equilibrium market price determination of major row crops, economic investment in on-farm reservoirs, comparative fungicide costs in rice production, use of crop insurance as a risk management tool, economics of grain drying, available options for farm machinery financing, and an update on current USDA-NASS activities.  Informal discussion focused on refinement of enterprise budget generation and the availability of input market prices.


 

Publications

Deliberto, Michael A., Brian M. Hilbun and Michael E. Salassi, Projected Costs and Returns Crop Enterprise Budgets for Corn Production in Louisiana, 2016, LSU Agricultural Center, Dept. of Agricultural Economics and Agribusiness, A.E.A. Information Series No. 311, January 2016.


Deliberto, Michael A., Brian M. Hilbun and Michael E. Salassi, Projected Costs and Returns Crop Enterprise Budgets for Cotton Production in Louisiana, 2016, LSU Agricultural Center, Dept. of Agricultural Economics and Agribusiness, A.E.A. Information Series No. 312, January 2016.


Deliberto, Michael A., Brian M. Hilbun and Michael E. Salassi, Projected Costs and Returns Crop Enterprise Budgets for Rice Production in Louisiana, 2016, LSU Agricultural Center, Dept. of Agricultural Economics and Agribusiness, A.E.A. Information Series No. 313, January 2016.


Deliberto, Michael A., Brian M. Hilbun and Michael E. Salassi, Projected Costs and Returns Crop Enterprise Budgets for Sorghum Production in Louisiana, 2016, LSU Agricultural Center, Dept. of Agricultural Economics and Agribusiness, A.E.A. Information Series No. 314, January 2016.


Deliberto, Michael A., Brian M. Hilbun and Michael E. Salassi, Projected Costs and Returns Crop Enterprise Budgets for Soybeans Production in Louisiana, 2016, LSU Agricultural Center, Dept. of Agricultural Economics and Agribusiness, A.E.A. Information Series No. 315, January 2016.


Deliberto, Michael A., Brian M. Hilbun and Michael E. Salassi, Projected Costs and Returns Crop Enterprise Budgets for Sugarcane Production in Louisiana, 2016, LSU Agricultural Center, Dept. of Agricultural Economics and Agribusiness, A.E.A. Information Series No. 316, January 2016.


Deliberto, Michael A., Brian M. Hilbun and Michael E. Salassi, Projected Costs and Returns Crop Enterprise Budgets for Wheat Production in Louisiana, 2016, LSU Agricultural Center, Dept. of Agricultural Economics and Agribusiness, A.E.A. Information Series No. 317, January 2016.


Deliberto, Michael A., and Michael E. Salassi, Projected 2016 Rice Farm Cash Flow Model, LSU Agricultural Center, Dept. of Agricultural Economics and Agribusiness, Staff Report No. 2016-01, January 2016.


Deliberto, Michael A, Brian M. Hilbun and Michael E. Salassi, 2016 Projected Sugarcane Production Farm Costs and Returns Model, LSU Agricultural Center, Dept. of Agricultural Economics and Agribusiness, Staff Report No. 2016-02, January 2016.


CORN, GRAIN SORGHUM &WHEAT 2016 PLANNING BUDGETS, Mississippi State University, Department of Agricultural Economics, Budget Report 2015-03, October 2015


COTTON 2016 PLANNING BUDGETS, Mississippi State University, Department of Agricultural Economics, Budget Report 2015-01, October 2015


DELTA 2016 PLANNING BUDGETS, Mississippi State University, Department of Agricultural Economics, Budget Report 2015-05, October 2015


NON-DELTA 2016 PLANNING BUDGETS, Mississippi State University, Department of Agricultural Economics, Budget Report 2015-06, October 2015


PEANUTS 2016 PLANNING BUDGETS, Mississippi State University, Department of Agricultural Economics, Budget Report 2015-07, October 2015


RICE 2016 PLANNING BUDGETS, Mississippi State University, Department of Agricultural Economics, Budget Report 2015-04, October 2015


SOYBEANS 2016 PLANNING BUDGETS, Mississippi State University, Department of Agricultural Economics, Budget Report 2015-02, October 2015


2016 Crop Enterprise Budgets for Arkansas Field Crops Planted in 2016, University of Arkansas

Impact Statements

  1. The basic goal of this activity is to foster increased communication and collaboration among agricultural economists in the mid-South working in the area of farm management. Impacts of this effort result in better information and analysis of issues impacting farm finances being made available to producer clientele groups in the region.
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