Livestock Budges Updated

The Cow Herd System Budget and the Sandhills Cow/Calf Producer Budget have been updated. Budgets for 50, 300, and 750 head herd have been added to the Cow Herd System Budget.
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Recordkeeping and Documenting Livestock Indemnity Program Eligible Losses

As a follow up to the February BeefWatch article titled "The Livestock Indemnity Program and the Importance of Recordkeeping," the present article will outline some of the details necessary in documenting eligible losses and the records involved.
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Livestock Forage Disaster Program and Estimated Drought Losses in Nebraska from 2012 to 2014

The Agricultural Act of 2014, more commonly referred to as the 2014 Farm Bill, provides disaster assistance to livestock producers through the Livestock Forage Disaster Program (LFP). The 2014 Farm Bill retroactively authorized the program to provide financial assistance to cover losses back to October 1, 2011. Under the LFP producers can receive financial compensation for grazing losses from drought or fire. 
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Sandhills Cow/Calf Producer Budget

This spreadsheet uses the "Systems Budget for a Cow Herd" format and production input from Sandhills' ranchers obtained in January 2015. It models a 500 cow herd with calves sold 80 days after weaning. Check the "Notes" tab in the spreadsheet for details.
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The Livestock Indemnity Program and the Importance of Recordkeeping

The Agricultural Act of 2014 reauthorized retroactively to October 1, 2011 and extended indefinitely four disaster assistance programs: the Livestock Forage Disaster Program (LFP); the Livestock Indemnity Program (LIP); the Emergency Assistance for Livestock, Honey Bees, and Farm-Raised Fish Program (ELAP); and the Tree Assistance Program (TAP). On April 15, 2014, producers began enrolling in these programs for qualified 2012-2014 losses. This article will focus on the LIP. 
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Ranching for Profitability Series

Last year was one for the recordbooks! Many salebarns broke record cattle prices. Mother Nature, as usual, was unpredictable. Input prices also continued to creep upward- forage was no exception. Eight meetings will be held across Nebraska focusing on the changing beef industry
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New Profit Centers for Your Cattle Operation

If you are thinking of bringing a family member back to the farm, here are some possible profit centers that could support another family member.
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Ethanol, Gasoline and Ethanol Prices

The price of crude oil took a steep dive last year, plunging from $95 per barrel just a year ago to the low $40-range by December, where they remain today (Figure 1). Goldman Sachs has recently suggested that it could drop further, even into the $20 range. Low oil prices mean low gasoline and ethanol prices.
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Farm Program Payments and Protection Under ARC and PLC

Earlier this year, Nebraska crop producers and local USDA Farm Service Agency (FSA) offices worked through countless meetings, visits, and analyses to make farm program enrollment decisions regarding base acreage, payment yields, and the election between Agriculture Risk Coverage at the county level (ARC-CO), Agriculture Risk Coverage at the individual level (ARC-IC), or Price Loss Coverage (PLC).
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December 2015 Nebraska-Iowa Milk Budget

Returns to management declined by 71 cents/cwt. for my Iowa Nebraska dairy budgets. These budgets are intended to reflect the change in net returns over time. They calculate a return for both freestall and tiestall dairy facilities. I utilize open sources of feed costs, USDA reports, and published Central Federal Milk Order prices to calculate returns. Feed costs were only $0.0748 higher per cwt. for December compared to November. Total revenue was $146.69 per cow lower for the 20,000 pound freestall budget or $0.73345 per cwt lower.
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