Carl Zulauf and Gary Schnitkey recently published a brief research paper in Farmdoc Daily (FDD) in which they studied the loss ratio of all major insured crops and then individually for each of the four crops. These crops included corn, soybeans, cotton and wheat. Given the national variability in weather, crop insurance purchase patterns (plan, coverage level, etc.) the application of the analysis to Iowa makes sense. This analysis follows.
The recently released NASS harvested yields can be used to estimate the 2016 Agriculture Risk Coverage (ARC) payments planned for payment in the fall. These estimates will likely vary from the final Farm Service Agency (FSA) yields used to calculate the actual payments this fall and should only be used as approximations.
In 2016, Mexico was the third largest value market for U.S. agricultural products, after China and Canada. The 2016 value of U.S. agricultural exports to Mexico was up 0.8% to $17.9 billion from 2015, but down 7.9% compared with the record value in 2014 ($19.5 billion).
We recently put together a brief article on the actuarial performance of corn and soybean crop insurance premiums in Iowa from 2001-2015. This article was patterned after work done by Carl Zulauf and Gary Schnitkey from Farmdoc Daily in Illinois.
I was reading a Reuters Media article dated March 15, 2017 entitled “New, safer U.S. rail cars gather dust even as ethanol trains grow longer”. The article referred to the recent spill of ethanol from a unit train derailment in northwest Iowa.
In 2016, Canada was the second largest market for U.S. agricultural products with a value of $20.5 billion. The leading market destination in 2016 was China, with $21.4 billion worth of U.S. agricultural exports. The export composition of these two markets is different, with U.S. exports to China consisting mainly of bulk commodities, particularly U.S. soybeans.
Pure or traditional biodiesel is known as Fatty Acid Methyl Ester (FAME) and renewable diesel (also known as Hydrotreated Vegetable Oil or HVO) often are confused. They are both made from organic biomass, but are different products due to their production process and quality attributes.
Supported by economic growth, increasing household income, constrained farmland area, and a diversified diet that includes more animal protein, dairy products, and other consumer oriented products, China agricultural imports expanded since the beginning of the last decade.
The Decision Innovation Solutions (DIS) slogan is, “Bridging Your Information Research Needs”. What does this mean? There is a common business term, “innovate or die”. At DIS we understand this. Back in 2007, Spence Parkinson started the company with his partner Sterling Liddell, a co-worker at Iowa Farm Bureau.
I have a Google alert set for Economic Contribution and another for Economic Impact. This gives me a great overview of the plethora of studies commissioned by clubs, resorts, businesses, counties, states and non-profits all seeking to justify their contribution to society.
