Category Archives: Economics

Area Soybean / Crops Budget Meeting – March 24th

Extension will have an area meeting to cover soybean production and crop budgets in Cook County on Thursday, March 24th at 12:00 noon. The Cook County Extension Office is at 206 East 9th Street, Adel, GA 31620. If you would like to attend, RSVP to 229-896-7456.

SoybeanSpeakers

UGA Disease Specialist Dr. Bob Kemerait,

UGA Soybean Entomologist Dr. Phillip Roberts,

UGA Economist Dr. Amanda Smith

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2016 UGA Crop Comparison Tool & Enterprise Budgets

Here is the 2016 Crop Comparison Tool and Row Crop Budgets from UGA Extension Economists Amanda Smith and Dr. Don Shurley. You can go to the link and download the comparison tool and customize expected yield and prices. The 2016 peanut, corn, grain sorghum, and soybean enterprise budgets are also complete.

2016CropEnterprise

 

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Peanut PLC Payments

Here are some more slide from UGA Extension Economist Dr. Nathan Smith on PLC Payments.

2014PLCPayments

Example PaymentYield

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Peanut Economic Outlook

Here are some slides by UGA Extension Economist Dr. Nathan Smith on our current peanut situation. Thanks to Seminole County Agent Rome Ethredge for organizing these slides for use.

PeanutSituation

2015PeanutAcreage

U.S.PeanutProduction

ShelledUse

Carryover

Outlook

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April 2015 Crop Enterprise Cost Estimate

UGA Extension Economists have revised the April Crop Comparison Tool which can be found at that link.

April-CropEnterprise

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Diesel Prices In 2015

Here are the monthly farm diesel prices for the Southern Atlantic states from 2011-2014. Will we see a different trend this year? UGA Extension Economist Dr. Amanda Smith says,  “Compared to the previous four years, diesel prices have been more stable. Prices have ranged from a low of $3.13 to a high of $3.86 per gallon. There appears to be some seasonality to diesel prices as you can see price fluctuating up and down throughout each year.”

FarmDeiselPrices11-14-A.Smith2015

“Above are farm diesel prices for the Southern Atlantic states from 2011 through 2014 with average prices for each year listed above the chart. The seasonality of diesel price is more apparent in this slide with higher prices during spring and fall and lower prices in summer and winter. 2014 is an exception however, with diesel prices dropping steadily throughout the year.”

DieselFuelPriceIndex-A.Smith2015

“This is the monthly price index for farm diesel fuel. The red bar, set at 100, represents the average price of diesel fuel for the year. Each month’s price index gives the average price in that month as a percentage of the year’s average price. For example, according to the chart the January price index is 98.4. This means the price in January is typically 98.4 percent of the average price of diesel for the year or in other words, is 1.6 percent lower than the year’s average price. This chart tells farmers that based on the behavior of prices during the last four years, the lowest prices for diesel typically come in January, June through August and October through December. Average or above average prices come during February through May and during September.”

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2015 Crop Enterprise Budgets

Here are the 2015 crop estimates from UGA Extension Economists Dr. Amanda Smith, Dr. Don Shurley and Dr. Nathan Smith. You can go to this link and download the 2015 UGA Crop Enterprise Cost Estimates and customize your expected yield and prices.

CropEnterpriseBudget-2015

CropEnterpriseBudget-2-2015

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2015 Peanut Budget

The 2015 Peanut Budget has been completed by UGA Extension Economists Dr. Amanda Smith and Dr. Nathan Smith. You can download irrigated, non-irrigated, and strip tillage from the website. Thanks to Seminole County Agent Rome Ethredge for sharing.

PeanutBudget-1

PeanutBudget-2

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2015 UGA Corn Budget

Here is the 2015 Corn Budget developed by UGA Extension Economists Mrs. Amanda Smith and Dr. Nathan Smith. You can go to the site and download the budgets for irrigated, non-irrigated, strip tillage and conventional tillage.

CornBudget-1

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Making Decisions & Understanding The 2014 Farm Bill

CapitalA series of meetings to provide information and analysis to assist producers and landowners understand what’s required and make decisions. Meetings will be conducted by UGA agricultural economists Dr. Nathan Smith and Dr. Don Shurley, the USDA, Farm Service Agency, and the USDA Risk Management Agency. Questions and answers and discussion will be included.

Topics to be covered:

  • Decisions to be made – who makes them and the timeline
  • Opportunity to update Payment Yields – how it’s done
  • Crop History – opportunity to reallocate Base acres – how it works
  • Choosing between PLC and ARC – how each works and how they compare
  • Generic Base – assigning ‘covered commodities’ to Generic Base
  • STAX – The new safety net for cotton
  • Resources and decision – aids available to help make decisions

FarmBillMeetings - 2014

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