BY ISU | April 21, 2021
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Weâve set these budgets up so producers can insert their own on-farm numbers. The more accurate the input numbers are, the more accurate the numbers will be for each operation.
- Tim Christensen, farm management specialist with ISU Extension
Newly updated resources from Iowa State University Extension and Outreach are available to help livestock producers track their cost of production and work through price insurance options.
The âLivestock Enterprise Budgets for Iowaâ and âLivestock Risk Insurance Plans for Cattle Producersâ are both available in the April edition of Ag Decision Maker.
The âenterprise budgetsâ publication provides estimates of production costs for common livestock produced in Iowa, using estimates that reflect average or above-average levels of management and e
While wheat and corn are finding strength, soybeans continue to struggle. Written By: Randy Martinson | ×
Erin Ehnle Brown / Grand Vale Creative LLC
The grains started the week off mixed with wheat and corn higher while soybeans continued to struggle.
The April 9 U.S. Department of Agriculture Crop Production report continued to influence the market early in the week. The report was neutral to negative wheat. The U.S. numbers were negative with USDA increasing U.S. stocks more than expected due to a bigger drop in feed demand than expected. World wheat estimated were friendly as stocks dropped more than expected due to a 5 million metric ton increase in Chinese wheat feeding.
By Elliott Dennis, Assistant Professor & Livestock Extension Economist, Department of Agricultural Economics, University of Nebraska – Lincoln
Changes to the U.S. Department of Agriculture’s (USDA) Risk Management Agency (RMA) Livestock Risk Protection (LRP) insurance plan took effect on January 20, 2021, for the crop year 2021 and succeeding crop years. These changes included: (a) increasing livestock head limits for feeder and fed cattle to 6,000 head per endorsement/12,000 head annually and swine to 40,000 head per endorsement/150,000 head annually; (b) modifying the requirement to own insured livestock until the last 60 days of the endorsement; (c) increasing the endorsement lengths for swine up to 52 weeks; and, (d) creating new feeder cattle and swine types to allow for unborn livestock to be insured. These changes, in addition to the dramatic changes in subsidy levels and allowing premiums to be paid at the end of the coverage endorsement period, should significantly impr
Jan 21, 2021
The U.S. Department of Agriculture’s (USDA) Risk Management Agency (RMA) recently announced that further changes to its Livestock Risk Protection (LRP) insurance plan will take effect on January 20 for crop year 2021 and succeeding crop years.
“We are always looking for feedback from producers and other stakeholders,” said RMA Administrator Martin Barbre. “These changes are a direct reflection of that feedback and will improve LRP coverage for producers in 2021 and beyond.”
The improvements to LRP include:
Increasing livestock head limits for feeder and fed cattle to 6,000 head per endorsement/12,000 head annually and swine to 40,000 head per endorsement/150,000 head annually.
-The Hagstrom Report
The Agriculture Department’s Risk Management Agency on Tuesday announced that changes to its Livestock Risk Protection insurance plan will take effect on Jan. 20 for crop year 2021 and succeeding crop years.
“We are always looking for feedback from producers and other stakeholders,” said RMA Administrator Martin Barbre. “These changes are a direct reflection of that feedback and will improve LRP coverage for producers in 2021 and beyond.”
The changes include:
▪ Increasing livestock head limits for feeder and fed cattle to 6,000 head per endorsement/12,000 head annually and swine to 40,000 head per endorsement/150,000 head annually.
▪ Modifying the requirement to own insured livestock until the last 60 days of the endorsement.