By: Carl Zulauf, Ohio State University, Nick Rettig, B.S., Ohio State University, and Matt Roberts, Associate Professor, Ohio State University
A common presumption is that futures prices can predict future price, specifically the price during the last or delivery month of trading on a futures contract. This presumption has potential importance for both marketing and policy. Many crop insurance contracts use futures prices to establish their pre-plant and harvest prices. In addition, it is common to hear that futures prices should be used to forecast prices when evaluating the farm program choices in the 2014 farm bill. This article calls into question the presumption that futures prices can predict future price. It also finds that cash price performs as well as futures price in forecasting future price. Because of the technical natur...
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By: Carl Zulauf, Professor, Ohio State University, and Gary Schnitkey, Professor, University of Illinoi at Urbana-Champaign
The 2014 farm bill gives Farm Service Agency (FSA) farm owners the option to choose their crop program for the 2014 through 2018 crop years. A factor, perhaps key factor that will influence this decision is the payment by the program choices for the 2014 crop year. This article uses the just released U.S. yield and price estimates in the August 2014 World Agricultural Supply and Demand Estimates (WASDE) to calculate an indicator of potential payments by the Agriculture Revenue Coverage – county program (ARC-CO) and the Price Loss Coverage (PLC) program. The indicator estimates are for the 2014 crop year for barley, corn, oats, long grain rice, medium (and short) grain rice, sorghum, soybeans, and wheat. These are indica...
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By: Clif Little, OSU Extension Agricultural and Natural Resources Educator Guernsey County
It has become a common occurrence in Eastern Ohio to see oil and gas related pipelines being installed through pastures and crop fields. While many sections of these lines are installed and reseeded to the farmer’s satisfaction, some are not. Lately, I have been asked by farmland owners and contractors alike to assess the reseeding success of individual sections of right-of-ways. Below are some ideas which I hope will curb some of the incidents I have noticed.
Above all, have the document prepared by your attorney addressing the farm needs and reseeding. Too many times landowners are attempting to negotiate a potentially lifelong contract without legal advice.
Identify the location and width of the temporary work area and pipeline. Landowners may want the pipeline company (referred to as the grantee) to provi...
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by: Barry Ward, OSU Extension, Leader, Production Business Management, Department of Agricultural, Environmental, and Development Economics
Newly updated Forage Enterprise Budgets for 2014 have been completed and posted to the Farm Management Website of the Department of Agricultural, Environmental and Development Economics. Updated Enterprise Budgets can be viewed and downloaded from the following website:
Forage Enterprise Budget updated for 2014 include: Corn Silage; Alfalfa Hay; Alfalfa Haylage; Grass Hay.
OSU Extension Enterprise Budgets are compiled on downloadable Excel Spreadsheets that contain macros for ease of use. Users can input their own production and price levels to calculate their own numbers. These Enterprise Budgets have color coded cells that allow users to plug in numbers to easily calculate bottoms lines for different sce...
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By: Francisco A. Espinoza
In fall of 2013, Extension, through the Ag & Hort Labor Education Program, joined the Ohio Department of Health’s Agricultural Labor Camp Rules Review Committee. The Committee membership eventually had representatives from Farm Bureau, ODJFS, ODH, ABLE Legal Services, county health departments, and agricultural employers from across the state. Winter and spring Committee meetings were held, and suggested revisions were finalized by summer. The following is a summary by Nolan Stevens, J.D., Public Policy Officer for the Ohio Commission on Hispanic/Latino Affairs. To read more click here.
By: Carl Zulauf, Ohio State University, and Nick Paulson, Jonathan Coppess, Gary Schnitkey, and Todd Kuethe, University of Illinois at Urbana-Champaign
The 2014 farm bill provides the owner of a Farm Service Agency (FSA) farm with a one-time option to update the farm’s payment yield for covered crops. This article will discuss this decision. It concludes by recommending that all producers consider updating yields if updated yields are higher than current yields; however, updated yields may be surprisingly low. To read the full article Click Here
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