Annual/Termination Reports:

[01/20/2022] [09/16/2022] [12/19/2023]

Report Information

Participants

Naveen Adusumilli
Hua Wang
Lanier Nalley
Michael Popp
Will Maples
James McCann
Michael Deliberto
Brian Mills
John Robinson
Ranjit Mane
Brian Hilbun
John Anderson
Evan Gregory
Kevin Kim

Brief Summary of Minutes

Thursday, September 16, 2021

 

Arrival- 4:00pm at the Tara Wildlife Lodge (6791 Eagle Lake Shore Road, Vicksburg, Mississippi)

 

Registration and Social Hour- beginning at 5:30pm in the Main Lodge

 

Supper- 6:30pm served in the Main Lodge

 

Friday, September, 17, 2021

 

Breakfast- 7:00am-7:45am served in the Main Lodge

 

SERA-35 Working Group Meeting- 8:00am in the Conference Center

 

Presentations:

1. “Generating transition probabilities of agricultural conservation practices using Markov Chains.” Naveen Adusumilli and Hua Wang, Louisiana State University Agricultural Center


2. “Expanding the global demand for U.S. broken rice”. Lanier Nalley, University of Arkansas


3. “Optimizing potash fertilizer rates on soybeans, corn, cotton and rice.” Michael Popp, University of Arkansas


4. “Implications of Farm Bill programs on producer hedging demand.” Will Maples, Mississippi State University


5. “Evaluating crop enterprise selection under risk for three Louisiana representative farms.” James McCann and Michael Deliberto, Louisiana State University Agricultural Center


6. “Updating the Mississippi State Budget Generator Software Program to an online format.” Brian Mills, Mississippi State University


7. “Plastic contamination in cotton.” John Robinson, Texas A&M University


8. “Comparative analysis of fertilizer and chemical use in FIR and flooded rice.” Ranjit Mane, University of Arkansas Pine Bluff

 

Lunch- 11:30am served in the Main Lodge

Attendees will depart the Tara Wildlife facility no later than 2:00pm-2:30pm

Accomplishments

<p>Through a collection of efforts emphasizing applied farm management econimics,&nbsp; a variety of issues and factors&nbsp;have a direct impact on the economic viability and financial performance of agricultural farming operations. Examples such as the development of new crop production technologies, changes in farm program provisions, changes in commodity supply and demand market structures represent the types of factors which would be evaluated.</p><br /> <p>The Mississippi State Budget Generator will continue to be the primary quantitative tool used in developing production cost budgets for various crop production systems commonly found across the region. Much of the current focus is on developing spreadsheet-based software capable of estimating projected values of variable and fixed production costs for agricultural enterprises in the region. Furthermore, as new crop production technologies are developed and adopted, enterprise budgets will need to be developed to reflect production practices associated with this technology as well as the expected production costs. Accomplishments include the development of commodity production costs and return documents as compiled by the University of Arkansas, the Louisiana State University AgCenter, and Mississippi State University. Annualized estiamtes are made availabe to stakholder groups each winter for the upcoming crop year via websites and county agent distribution list services (electronically).&nbsp;</p><br /> <p>A variety of research methods, including whole farm financial simulation, would be utilized to identify likely economic outcomes. This research would then provide information which could be communicated to agricultural producers through a variety of extension efforts by each group member's respecteive university.&nbsp;</p>

Publications

<p>Projected Commodity Costs and Returns for Corn in Louisiana, 2022.&nbsp;</p><br /> <p>Projected Commodity Costs and Returns for Cotton in Louisiana, 2022.&nbsp;</p><br /> <p>Projected Commodity Costs and Returns for Sorghum in Louisiana 2022.</p><br /> <p>Projected Commodity Costs and Returns for Rice in Louisiana, 2022.</p><br /> <p>Projected Commodity Costs and Returns for Soybeans in Louisiana, 2022.</p><br /> <p>Projected Commodity Costs and Returns for Sugarcane in Louisiana, 2022.</p><br /> <p>Projected Commodity Costs and Returns for Wheat in Louisiana, 2022.&nbsp;</p><br /> <p>Corn, Grain Sorghum, and Wheat 2022 Planning Budgets, Mississippi.&nbsp;</p><br /> <p>Cotton 2022 Planning Budgets, Mississippi.</p><br /> <p>Delta 2022 Planning Budgets, Mississippi.&nbsp;</p><br /> <p>Non-Delta 2022 Planning Budgets, Mississippi.&nbsp;</p><br /> <p>Rice 2022 Planning Budgets, Mississippi.&nbsp;</p><br /> <p>Soybean 2022 Planning Budgets, Mississippi.&nbsp;</p><br /> <p>Forages 2022 Planning Budgets, Mississippi.&nbsp;</p><br /> <p>Arkansas Field Crop Enterprise Budgets, Conventional Corn.</p><br /> <p>Arkansas Field Crop Enterprise Budgets, Stacked Gene Corn.</p><br /> <p>Arkansas Field Crop Enterprise Budgets, B2XF Cotton.</p><br /> <p>Arkansas Field Crop Enterprise Budgets, B3XF Cotton.</p><br /> <p>Arkansas Field Crop Enterprise Budgets, Conventional Cotton.</p><br /> <p>Arkansas Field Crop Enterprise Budgets, Grain Sorghum.</p><br /> <p>Arkansas Field Crop Enterprise Budgets, Peanuts.</p><br /> <p>Arkansas Field Crop Enterprise Budgets, Rice.</p><br /> <p>Arkansas Field Crop Enterprise Budgets, Conventional Soybeans.</p><br /> <p>Arkansas Field Crop Enterprise Budgets, Enlist Soybeans.</p><br /> <p>Arkansas Field Crop Enterprise Budgets, LL Soybeans.</p><br /> <p>Arkansas Field Crop Enterprise Budgets, RR Soybeans.</p><br /> <p>Arkansas Field Crop Enterprise Budgets, RRXF Soybeans.</p><br /> <p>Arkansas Field Crop Enterprise Budgets, Wheat.</p><br /> <p>&nbsp;</p>

Impact Statements

1. A measurable impact of the SERA-35 group is the collaborative work related to the estimation of production costs for major agricultural commodities in the Mississippi River Delta Region of the U.S. This work is done via the Mississippi State Budget Generator program, as this premier software continues to be the primary quantitative tool used in developing production cost budgets for various crop production systems commonly found across the region.

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Report Information

Participants

LSU AgCenter
1. Michael Deliberto
2. Brian Hilbun
3. Jingang Guo
4. Raghav Goyal
5. Naveen Adusumilli
Mississippi State
6. Will Maples
7. Brian Mills
8. Evan Gregory
9. Kevin Kim
Arkansas
10. Brad Watkins
11. Lanier Nalley
12. Hunter Biram
13. Jack Meyer
Texas A&M
14. Mark Welsh
15. John Robinson
USDA NASS
16. Eugene Young
17. Esmerelda Dickson

Brief Summary of Minutes

Call to Order, Mike Deliberto, Chairman, DRFMG, Louisiana State University Agricultural Center

Self-Introduction of Members

Applied Agricultural Economic Research and Extension Presentations:

1. “The Impacts of Weather on Arkansas Rice Yields.” Brad Watkins, University of Arkansas.


2. “Raising Cane and Growing Pains: A Look at Solar Farms and Sugarcane in Louisiana.” Mike Deliberto and Brian Hilbun, LSU AgCenter.


3. “Update and Impact of Southern Ag Today.” John Robinson, Texas A&M University.


4. “Limits to Capital: Assessing the Role of Race on the Paycheck Protection Program for African-American Farmers in America.” Kevin Kim, Mississippi State University, Ana Sant’Anna, West Virginia University, and Iryna Demko, Progressive Insurance.


5. “Profitability of Cover Cropping in a Corn-Soybean Rotation.” Brian Mills, Mississippi State University.


6. “Hurricane Incidence Results in Significant Increases in Damages for Producers in the Mississippi Delta.” Hunter Biram, University of Arkansas, Jesse Tack, and Micah Cameron-Harp, Kansas State University.


7. “Economic Feasibility of Cover Crop Adoption.” Mark Welsh, Texas A&M University.


8. “Projecting Title 1 Program Payments when Updating Base Acres.” Will Maples, Mississippi State University


9. “2022 Agriculture Census Update.” Eugene Young and Esmerelda Dickson, USDA National Agriculture Statistics Service (NASS).


10. “The Economic Impact of Crawfish Production in Louisiana” Raghav Goyal, LSU AgCenter


11. “A Brokens Market: How to get US Rice into Haiti.” Lanier Nalley and Jack Meyer, University of Arkansas


12. “Analyzing Conservation Behavior using Transition Probabilities: A case study for Louisiana.” Naveen Adusumilli, LSU AgCenter

Adjourn

Accomplishments

<p>The SERA35 group engaged in formal presentation and discussion of current farm management research and extension activities in each of the states represented.&nbsp;&nbsp;</p><br /> <p>Through a collection of efforts emphasizing applied farm management economics, a variety of issues and factors have a direct impact on the economic viability and financial performance of agricultural farming operations. Examples such as the development of new crop production technologies, changes in farm program provisions, changes in commodity supply and demand market structures represent the types of factors which would be evaluated.</p><br /> <p>The Mississippi State Budget Generator will continue to be the primary quantitative tool used in developing production cost budgets for various crop production systems commonly found across the region. Much of the current focus is on developing spreadsheet-based software capable of estimating projected values of variable and fixed production costs for agricultural enterprises in the region. Furthermore, as new crop production technologies are developed and adopted, enterprise budgets will need to be developed to reflect production practices associated with this technology as well as the expected production costs. Accomplishments include the development of commodity production costs and return documents as compiled by the University of Arkansas, the Louisiana State University AgCenter, and Mississippi State University. Annualized estimates are made available to stakeholder groups each winter for the upcoming crop year via websites and county agent distribution list services (electronically).</p><br /> <p>A variety of research methods, including whole farm financial simulation, would be utilized to identify likely economic outcomes. This research would then provide information which could be communicated to agricultural producers through a variety of extension efforts by each group member's respective university.</p>

Publications

<p>Projected Commodity Costs and Returns for Cotton in Louisiana, 2022.</p><br /> <p>Projected Commodity Costs and Returns for Sorghum in Louisiana 2022.</p><br /> <p>Projected Commodity Costs and Returns for Rice in Louisiana, 2022.</p><br /> <p>Projected Commodity Costs and Returns for Soybeans in Louisiana, 2022.</p><br /> <p>Projected Commodity Costs and Returns for Sugarcane in Louisiana, 2022.</p><br /> <p>Projected Commodity Costs and Returns for Wheat in Louisiana, 2022.</p><br /> <p>Corn, Grain Sorghum, and Wheat 2022 Planning Budgets, Mississippi.</p><br /> <p>Cotton 2022 Planning Budgets, Mississippi.</p><br /> <p>Delta 2022 Planning Budgets, Mississippi.</p><br /> <p>Non-Delta 2022 Planning Budgets, Mississippi.</p><br /> <p>Rice 2022 Planning Budgets, Mississippi.</p><br /> <p>Soybean 2022 Planning Budgets, Mississippi.</p><br /> <p>Forages 2022 Planning Budgets, Mississippi.</p><br /> <p>Arkansas Field Crop Enterprise Budgets, Conventional Corn.</p><br /> <p>Arkansas Field Crop Enterprise Budgets, Stacked Gene Corn.</p><br /> <p>Arkansas Field Crop Enterprise Budgets, B2XF Cotton.</p><br /> <p>Arkansas Field Crop Enterprise Budgets, B3XF Cotton.</p><br /> <p>Arkansas Field Crop Enterprise Budgets, Conventional Cotton.</p><br /> <p>Arkansas Field Crop Enterprise Budgets, Grain Sorghum.</p><br /> <p>Arkansas Field Crop Enterprise Budgets, Peanuts.</p><br /> <p>Arkansas Field Crop Enterprise Budgets, Rice.</p><br /> <p>Arkansas Field Crop Enterprise Budgets, Conventional Soybeans.</p><br /> <p>Arkansas Field Crop Enterprise Budgets, Enlist Soybeans.</p><br /> <p>Arkansas Field Crop Enterprise Budgets, LL Soybeans.</p><br /> <p>Arkansas Field Crop Enterprise Budgets, RR Soybeans.</p><br /> <p>Arkansas Field Crop Enterprise Budgets, RRXF Soybeans.</p><br /> <p>Arkansas Field Crop Enterprise Budgets, Wheat.</p><br /> <p>&nbsp;</p>

Impact Statements

1. A measurable impact of the SERA-35 group is the collaborative work related to the estimation of production costs for major agricultural commodities in the Mississippi River Delta Region of the U.S. This work is done via the Mississippi State Budget Generator program, as this premier software continues to be the primary quantitative tool used in developing production cost budgets for various crop production systems commonly found across the region.

Back to top

Report Information

Participants

LSU AgCenter
1. Michael Deliberto
2. Brian Hilbun
3. Jingang Guo
4. Raghav Goyal
5. Naveen Adusumilli
Mississippi State
6. Will Maples
7. Brian Mills
8. Evan Gregory
9. Kevin Kim
Arkansas
10. Brad Watkins
11. Hunter Biram
12. Ryan Loy
Emeritus: Robert Stark
Texas A&M
13. John Robinson
USDA NASS
14. Jill Bishop
15. Esmerelda Dickson
16. Kathy Broussard
USDA NRCS
17. James McCann

Brief Summary of Minutes

Call to Order, Mike Deliberto, Chairman, DRFMG, LSU AgCenter

 

Self-Introduction of Members

 

Applied Agricultural Economic Research and Extension Presentations:

 

1. “Evaluation of Trends in Rice and Irrigated Soybean Acres in Arkansas”. Brad Watkins, University of Arkansas.


2. “A Proportionate Mortality Study of Mississippi’s Agricultural Industry, 2017-2021”. Brian Mills, Mississippi State University


3. “Update on Cotton Transportation Research in the Texas High Plains”. John Robinson and Jeff Wright, Texas A&M University


4. “Evaluating Prevented Planting as a Risk Management Tool in Rice”. Hunter Biram and Lawson Conner, University of Arkansas


5. “Maximizing Agricultural Success: Utilizing Farm Financial Management Tools in Arkansas.” Ryan Loy, University of Arkansas


6. “CleanSEED: A Project to Ensure the Sustainability of U.S. Sweet Potato Seed Programs”. Will Maples, Mississippi State University


7. “Southern Forest Outlook”. Jinggang Guo, LSU AgCenter


8. “Investor Sentiments and Agricultural Commodity Markets”. Raghav Goyal, LSU AgCenter


9. “Biostrips for Biodiversity in Czech Working Lands”. Naveen Adusumilli, LSU AgCenter


10. “Are U.S. Government Programs Reaching Minority Farmers? Evidence from the Paycheck Protection Program Approval Rates”. Kevin Kim, Mississippi State University


11. “Economic Value of Prescribed Burning to the Louisiana Sugarcane Industry”. Mike Deliberto, LSU AgCenter


12. “IRA Funds and Conservation Program Outreach Update”. James McCann, USDA NRCS Louisiana


13. “Ag Census Update”. Jill Bishop, Deputy Director, USDA NASS Arkansas

 

Adjourn

Lunch

Accomplishments

<p>The SERA35 group engaged in formal presentation and discussion of current farm management research and extension activities in each of the states represented.&nbsp; Formal topics of discussion included: conservation incentive programs, cropland values,&nbsp; production costs, sweet potatoes quality seed initivaties in Mississippi, farm finances,&nbsp;risk management strategies, and an update on the current USDA Census of Agriculture.</p>

Publications

<p><strong>Deliberto, M.</strong> and B. Hilbun. <em>Provisia^&reg; Rice Enterprise Budget for 2023.</em> Louisiana State University AgCenter. Department of Agricultural Economics and Agribusiness. Staff Report No. 2023-06. January 2023.</p><br /> <p><strong>Deliberto, M. </strong>and B. Hilbun. <em>Estimated Furrow Irrigated Rice Crop Budgets for Northeast Louisiana</em>. Louisiana State University AgCenter. Department of Agricultural Economics and Agribusiness. Staff Report No. 2023-05. January 2023.</p><br /> <p><strong>Deliberto, M. </strong>and B. Hilbun. <em>Cotton, Corn, and Soybean Net Return Comparison Decision Aid.</em> Louisiana State University AgCenter. Department of Agricultural Economics and Agribusiness. Staff Report No. 2023-04. January 2023.</p><br /> <p><strong>Deliberto, M.</strong> and B. Hilbun. <em>Evaluating Rice Rental Arrangements Under the Price Loss Coverage Program as Specified in the 2018 Farm Bill.</em> Louisiana State University AgCenter. Department of Agricultural Economics and Agribusiness. Staff Report No. 2023-03. January 2023.</p><br /> <p><strong>Deliberto, M.</strong> and B. Hilbun. <em>Projected 2023 Rice Farm Cash Flow Model.</em> Louisiana State University AgCenter. Department of Agricultural Economics and Agribusiness. Staff Report No. 2023-02. January 2023.</p><br /> <p><strong>Deliberto, M.</strong> and B. Hilbun. <em>2023 Projected Sugarcane Production Farm Costs and Returns Model.</em> Louisiana State University AgCenter. Department of Agricultural Economics and Agribusiness. Staff Report No. 2023-01. January 2023.</p><br /> <p><strong>Deliberto, M</strong>. and B. Hilbun. <em>Projected Costs and Returns Crop Enterprise Budgets for Sugarcane Production in Louisiana, 2023.</em> Louisiana State University Agricultural Center. Department of Agricultural Economics and Agribusiness. Agricultural Economic Information Report Series Publication No. 362. January 2023.</p><br /> <p><strong>Deliberto, M</strong>. and B. Hilbun. <em>Projected Costs and Returns Crop Enterprise Budgets for Rice Production in Louisiana, 2023.</em> Louisiana State University Agricultural Center. Department of Agricultural Economics and Agribusiness. Agricultural Economic Information Report Series Publication No. 368. January 2023.</p><br /> <p><strong>Deliberto, M</strong>. and B. Hilbun. <em>Projected Costs and Returns Crop Enterprise Budgets for Wheat Production in Louisiana, 2023.</em> Louisiana State University Agricultural Center. Department of Agricultural Economics and Agribusiness. Agricultural Economic Information Report Series Publication No. 367. January 2023.</p><br /> <p><strong>Deliberto, M</strong>. and B. Hilbun. <em>Projected Costs and Returns Crop Enterprise Budgets for Cotton Production in Louisiana, 2023.</em> Louisiana State University Agricultural Center. Department of Agricultural Economics and Agribusiness. Agricultural Economic Information Report Series Publication No. 363. January 2023.</p><br /> <p><strong>Deliberto, M</strong>. and B. Hilbun. <em>Projected Costs and Returns Crop Enterprise Budgets for Soybean Production in Louisiana, 2023.</em> Louisiana State University Agricultural Center. Department of Agricultural Economics and Agribusiness. Agricultural Economic Information Report Series Publication No. 364. January 2023.</p><br /> <p><strong>Deliberto, M</strong>. and B. Hilbun. <em>Projected Costs and Returns Crop Enterprise Budgets for Corn Production in Louisiana, 2023.</em> Louisiana State University Agricultural Center. Department of Agricultural Economics and Agribusiness. Agricultural Economic Information Report Series Publication No. 365. January 2023.</p><br /> <p><strong>Deliberto, M</strong>. and B. Hilbun. <em>Projected Costs and Returns Crop Enterprise Budgets for Sorghum Production in Louisiana, 2023.</em> Louisiana State University Agricultural Center. Department of Agricultural Economics and Agribusiness. Agricultural Economic Information Report Series Publication No. 366. January 2023.</p><br /> <p><strong>Deliberto, M. </strong><em>PLC Program for Seed Cotton: A Recap of Payment Calculation</em>. Louisiana State University Agricultural Center. Department of Agricultural Economics and Agribusiness. Staff Report No. 2023-12. January 2023.</p><br /> <p><strong>Deliberto, M. </strong>and B. Hilbun. <em>PLC Farm Program Payment Estimator</em>. Louisiana State University Agricultural Center. Department of Agricultural Economics and Agribusiness. Staff Report No. 2023-11. January 2023.</p><br /> <p><strong>Deliberto, M. </strong>and B. Hilbun. <em>ARC-CO/PLC Farm Program Payment Tracker- 2023CY</em>. Louisiana State University Agricultural Center. Department of Agricultural Economics and Agribusiness. Staff Report No. 2023-10. January 2023.</p><br /> <p><strong>Deliberto, M. </strong><em>STAX Crop Insurance Options for the 2023 Crop Year and Eligibility Criteria Pertaining to ARC/PLC Farm Programs</em>. Louisiana State University Agricultural Center. Department of Agricultural Economics and Agribusiness. Staff Report No. 2023-23. February 2023.</p><br /> <p><strong>Deliberto, M. </strong><em>The Supplemental Coverage Option (SCO) Crop Insurance Program for 2023</em>. Louisiana State University Agricultural Center. Department of Agricultural Economics and Agribusiness. Staff Report No. 2023-22. February 2023.</p><br /> <p><strong>Deliberto, M. </strong><em>The Enhanced Coverage Option (ECO) Crop Insurance Program for 2023</em>. Louisiana State University Agricultural Center. Department of Agricultural Economics and Agribusiness. Staff Report No. 2023-21. February 2023.</p><br /> <p><strong>Deliberto, M. </strong>and B. Hilbun. <em>Projecting 2023 Crop Insurance Prices: Highlighting Revenue Policy Protection Examples for Corn, Soybean, and Cotton</em>. Louisiana State University Agricultural Center. Department of Agricultural Economics and Agribusiness. Staff Report No. 2023-20. February 2023.</p><br /> <p><strong>Deliberto, M. </strong><em>Details of the Rice Production Program.</em> <span style="text-decoration: underline;">Louisiana Crops Newsletter. Volume 13, Issue 3.</span> Louisiana State University AgCenter. May 2023.</p><br /> <p><strong>Deliberto, M. </strong><em>Updating the CBO Score for Farm Bill Programs- May 2023</em>. Louisiana State University Agricultural Center. Department of Agricultural Economics and Agribusiness. Staff Report No. 2023-40. May 2023.</p><br /> <p><strong>Deliberto, M. </strong><em>Base Acre Reallocation Impact on Projected Louisiana PLC Program Payments 2024-2033 CY</em>. Louisiana State University Agricultural Center. Department of Agricultural Economics and Agribusiness. Staff Report No. 2023-53. August 2023.</p><br /> <p><strong>Deliberto, M.</strong> and B. Hilbun. <em>A Benchmarking Approach to Evaluating Price, Yield, and Input Price Variability on Per-acre Net Returns for CY2024</em>. Louisiana State University Agricultural Center. Department of Agricultural Economics and Agribusiness. Staff Report No. 2023-60. October 2023.</p>

Impact Statements

1. The goal of this activity is to foster increased communication and collaboration among agricultural economists in the mid-South working in the area of farm management. Impacts of this effort result in better information and analysis of issues impacting farm finances being made available to producer clientele groups in the region.

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