Brief Summary of Minutes of Annual Meeting

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

The SERA35 group engaged in formal presentation and discussion of current farm management research and extension activities in each of the states represented.  

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.

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).

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.

Projected Commodity Costs and Returns for Cotton in Louisiana, 2022.

Projected Commodity Costs and Returns for Sorghum in Louisiana 2022.

Projected Commodity Costs and Returns for Rice in Louisiana, 2022.

Projected Commodity Costs and Returns for Soybeans in Louisiana, 2022.

Projected Commodity Costs and Returns for Sugarcane in Louisiana, 2022.

Projected Commodity Costs and Returns for Wheat in Louisiana, 2022.

Corn, Grain Sorghum, and Wheat 2022 Planning Budgets, Mississippi.

Cotton 2022 Planning Budgets, Mississippi.

Delta 2022 Planning Budgets, Mississippi.

Non-Delta 2022 Planning Budgets, Mississippi.

Rice 2022 Planning Budgets, Mississippi.

Soybean 2022 Planning Budgets, Mississippi.

Forages 2022 Planning Budgets, Mississippi.

Arkansas Field Crop Enterprise Budgets, Conventional Corn.

Arkansas Field Crop Enterprise Budgets, Stacked Gene Corn.

Arkansas Field Crop Enterprise Budgets, B2XF Cotton.

Arkansas Field Crop Enterprise Budgets, B3XF Cotton.

Arkansas Field Crop Enterprise Budgets, Conventional Cotton.

Arkansas Field Crop Enterprise Budgets, Grain Sorghum.

Arkansas Field Crop Enterprise Budgets, Peanuts.

Arkansas Field Crop Enterprise Budgets, Rice.

Arkansas Field Crop Enterprise Budgets, Conventional Soybeans.

Arkansas Field Crop Enterprise Budgets, Enlist Soybeans.

Arkansas Field Crop Enterprise Budgets, LL Soybeans.

Arkansas Field Crop Enterprise Budgets, RR Soybeans.

Arkansas Field Crop Enterprise Budgets, RRXF Soybeans.

Arkansas Field Crop Enterprise Budgets, Wheat.