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Texas Crop Farms Current Financial Situation

Dive into the financial situation of Texas crop farms with FARM Assistance, a strategic planning tool offering data-based analysis and support for risk management and business strategies. Learn about debt, asset structure, profitability projections, and more.

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Texas Crop Farms Current Financial Situation

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  1. Texas Crop Farms Current Financial Situation Steven L. Klose Texas Agricultural Extension Service Southern Region Agricultural Outlook Conference September 2000

  2. Texas Risk Management Education Program • Risk Management Education • Master Marketer • Curriculum Guide • FARM Assistance • Decision Support System • Financial analysis of alternative operating strategies • Database of Base Farm Analyses

  3. What is FARM Assistance? A strategic planning tool designed to provide farmers and ranchers the flexibility to pro forma analyze their operation under riskfor the purpose of choosing among risk management tools and/or business strategies.

  4. What is FARM Assistance? • Information • All Enterprises • Non-farm Activities • Projection • Ten year pro-forma • Incorporating risk in production and prices • Reports distribution of key financial performance measures • Comparative Analysis

  5. Alternative Strategies Analyzed • Capital investment • Equipment • Harvest vs. custom • Irrigation systems • Size of the operation • Buy/Sell land • Rent/Lease land • Management • Crop insurance • Retirement investment • Debt Management

  6. FARM AssistanceData Base • Data Base of Farms • 181 Completed Report • Covering over 450,000 acres • Categorization of farms • NCFI performance (3 groups) • Specific Commodities ( more than 50% of planted acres) • Cotton (48) • Wheat (15) • Corn & Sorghum (35)

  7. Farm and Ranch Characteristics

  8. Debt Level andInterest Expense

  9. Asset Structure ($1,000)

  10. Debt Structure ($1,000)

  11. Projected 2001 Profitability ($1,000)

  12. Projected Risk in 2001

  13. Equity Growth and Risk for 2001

  14. Questions or More Information Joe Outlaw Steven Klose Dean McCorkle George Knapek 1-877-TAMRISK http://trmep.tamu.edu/

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