Farm Financial Standards Council
FFSC Home
Iowa State University Extension has good information on how farmers can deal with corn that’s badly damaged by drought.
Extension Economist William Edwards says it’s important to have damaged acres viewed by an adjustor and released by the insurance company before harvesting takes place. Edwards also points to another resource: an article titled Alternatives for Drought-damaged Corn — Grain Crop or Forage.
Bill Murphy, administrator of the USDA Risk Management Agency, tells Brownfield Ag News that his agency has plenty of money on hand to handle the massive drought losses this year.
“Probably the most surprising to me is some of these soybean fields that got in early,” said Murphy. “From the road, they’re about thigh-high, dark green, and you’re thinking, man, that’s got to have a great crop in it. And you get up close and look at it and it’s three or four pods and it’s starting to shed pods. So it’s just incredible. I don’t think I’ve ever seen damage…the breadth that we’re seeing this year; it’s really something.”
You can listen to the full interview with Murphy here.
Every year, the Illinois Society of Professional Farm Managers and Rural Appraisers puts together a comprehensive report on farmland values in that state. Their 2012 report is out, and available for download. You can read more about it here.
The 2012 Conference is scheduled for July 31 through August 2 in Bloomington, Illinois. This conference is approved for 6.0 Illinois Public Accounting Continuing Education Credits.
[Read more…]
The FFSC meets annually to provide a forum on the application of the financial and management accounting standards and issues relevant to Agriculture. Producers, educators, consultants, accountants, government representatives and banking professionals participate in the program of our summer symposium, both as presenters and observers. The annual session also provides an excellent environment for networking with others that are involved in Ag Management. CPE credits are available for those attending.
Our 2012 meeting will be held July 31 through August 2 at Parke Hotel and Conference Center in Bloomington, Illinois.
2011 Meeting
Meeting Highlights (PDF 8 MB)
Presentations
Hot Tax Topics for Producers (PowerPoint)
Paul Neiffer, CPA
Larson Allen, LLP
Peer Advisory Groups and Continuous Management Improvement (PowerPoint)
Danny Klinefelter
Texas AgriLife Extension and Texas A&M University
Successful Farming: Ag Megatrends (PowerPoint)
Dan Looker
Business Editor
FFSC President’s Report (PowerPoint)