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Texas Crop Farms Current Financial Situation

Texas Crop Farms Current Financial Situation. Steven L. Klose Texas Agricultural Extension Service Southern Region Agricultural Outlook Conference September 2000. Texas Risk Management Education Program. Risk Management Education Master Marketer Curriculum Guide FARM Assistance

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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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