Advanced Search
MyIDEAS: Login to save this paper or follow this series

Minnesota Current Farm Situation

Contents:

Author Info

  • Buhr, Brian L.
  • Lazarus, William F.
  • Nefstead, Ward E.
  • Nordquist, Dale W.
  • Olson, Kent D.
  • Stevens, Stanley C.
  • Weness, Erlin J.

Abstract

These papers describe the current economic conditions and outline some of the opportunities facing Minnesota farmers as they complete 1998 and develop plans for 1999. The first paper, Prospects For Farm Income in 1998, describes the variation in net farm income farmers in the Southeastern and Southwestern Farm Management Associations have experienced over the past twenty years. The possible effects of 1998's low commodity prices and government program payments on net farm income are discussed in the context of this historical variation. This paper points out that some farmers are experiencing a very good year in 1998, while others may have very low net farm income this year. Those with high incomes in 1998 may be primarily interested in opportunities to enhance their cash flow for 1999, while those experiencing financial stress during 1998 may need to consider a wider range of adjustments as they plan for the coming year. The remaining papers provide information farmers may want to consider as they plan their marketing and financial strategies for the coming year. Financial Management Alternatives outlines a wide range of financial management alternatives that can be used to deal with cash flow problems. Some of these alternatives will be of interest to farmers who have difficulty in projecting a positive net cash flow with the relatively low commodity prices being projected for 1999. Others are of primary interest to farmers who have relatively high debt levels and must find ways to improve both their net cash flow and their debt/asset position. Some observers have suggested that the low commodity prices projected for 1999 may lead to reductions in cash rental rates. The paper, Cropland Rental Market Impacts of Low Crop Prices, discusses a procedure to estimate "fair rental rates", and provides an historical perspective of the impact low commodity prices have had on land rental rates. The remaining two papers, Situation and Outlook For the Livestock Sector, and Considerations in Developing a Corn/Soybean Marketing Plan for 1998/1999, discuss the major factors to evaluate and options to consider in developing a marketing plan for corn, soybeans, hogs and cattle for the coming year.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://purl.umn.edu/14033
Download Restriction: no

Bibliographic Info

Paper provided by University of Minnesota, Department of Applied Economics in its series Staff Papers with number 14033.

as in new window
Length:
Date of creation: 1998
Date of revision:
Handle: RePEc:ags:umaesp:14033

Contact details of provider:
Postal: 231ClaOff Building, 1994 Buford Avenue, St. Paul, MN 55108-6040
Phone: (612) 625-1222
Fax: (612) 625-6245
Email:
Web page: http://www.apec.umn.edu
More information through EDIRC

Related research

Keywords: Farm Management;

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:ags:umaesp:14033. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.