Month: January 2022

Ohio Farm Custom Rate Survey 2022 Responses Requested

By:  Barry Ward, Leader, Production Business Management
OSU Extension, Agriculture & Natural Resources

The Ohio Farm Custom Rates Survey data collection has launched once again. The online survey for 2022 is available at: https://go.osu.edu/ohiofarmcustomratesurvey2022

A large number of Ohio farmers hire machinery operations and other farm related work to be completed by others. This is often due to lack of proper equipment, lack of time or lack of expertise for a particular operation.  Many farm business owners do not own equipment for every possible job that they may encounter in the course of operating a farm and may, instead of purchasing the equipment needed, seek out someone with the proper tools necessary to complete the job. This farm work completed by others is often referred to as “custom farm work” or more simply “custom work”. A “custom rate” is the amount agreed upon by both parties to be paid by the custom work customer to the custom work provider. Continue reading Ohio Farm Custom Rate Survey 2022 Responses Requested →

Allen County Ag Outlook and Agronomy Day

By Clint Schroeder

Join OSU Extension at the Allen County Fairgrounds, in Lima, Ohio, on Tuesday, February 8, 2022, starting at 9:00 a.m. for the Allen County Ag Outlook and Agronomy Day. The morning session will focus on commodity market outlook and ag policy. In the afternoon you will find answers to your agronomy questions, obtain pesticide applicator and fertilizer recertification credits, and CCA education hours as you prepare for the next growing season. The program will wrap up at 3:30 p.m.

Please RSVP by January 31, 2022 by contacting OSU Extension Allen County at 419-879-9108 or email Clint Schroeder at schroeder.307@osu.edu. The event will be held in the Youth Activities Building on the Allen County Fairgrounds, 2750 Harding Highway, Lima, OH 45804.

Doors open at 8:30 a.m; event starts at 9 a.m. Pre-registration by 1/31/2022 is required and the $15 admission can be paid at the door. Registration fee covers coffee and rolls, lunch, information packet, and education credits.

The 2022 PLC and ARC Decision

By: Gary Schnitkey, Nick Paulson, and Krista Swanson – Department of Agricultural and Consumer Economics – University of Illinois and Carl Zulauf – Department of Agricultural, Environmental and Development Economics – Ohio State University

Farmers will again have until March 15 to make commodity title program selections. Given the current high prices, commodity title payments are not expected from any program option for the 2022 marketing year. If a change in conditions resulted in payments, those would be received in October 2023, after the close of the 2022 marketing year. Farmers wishing to purchase the Supplemental Coverage Option (SCO) crop insurance policy must select Price Loss Coverage (PLC) as the commodity title choice. Based on current price projections, Agriculture Risk Coverage at the county level (ARC-CO) will maximize the chance of payment for soybeans, although that chance will be small. The probability of payments is roughly the same for corn and soybeans.

Decision Overview

Farmers have three program options when making their election decisions.

  • Price Loss Coverage (PLC) is a crop-specific fixed price support program that triggers payments if the marketing year average (MYA) price falls below the commodity’s effective reference price. Payments are made on 85% of historical base acres.
  • Agricultural Risk Coverage at the county level (ARC-CO) is a crop-specific county revenue program. ARC-CO triggers payments if actual revenue (MYA price times county yield) falls below 86% of the benchmark revenue (product of benchmark price and trend-adjusted historical yield for the county). Payments are made on 85% of historical base acres.
  • Agricultural Risk Coverage at the individual level (ARC-IC) is a farm-level revenue support program. Like ARC-CO, payments are triggered if actual revenue falls below 86% of the benchmark. If an FSA farm unit is enrolled in ARC-IC, information for all commodities planted in 2022 are combined together in a weighted average to determine benchmark and actual revenues. If a farmer enrolls multiple FSA farms in the same state, all farm units are combined in determining the averages for actual and benchmark revenues. Payments are made on 65% of historical base acres.

Continue reading The 2022 PLC and ARC Decision →

Planning for the Future of Your Farm

Attend our popular “Planning for the Future of Your Farm” workshops this winter and let our team of farm management and legal experts help you build your farm transition plan. Join OSU’s farm management educator David Marrison and legal educators Peggy Kirk Hall and Robert Moore for three in-person workshops and an online workshop in 2022.  Dates and locations for the day-long workshops are:

  • Greene County–February 10, 2022
  • Wayne County–February 25, 2022
  • Wood County–March 4, 2022

The online Zoom webinar will be two hours each night on January 31 and February 7, 21 and 28.

Check back on the Farm Office site under “events” or at go.osu.edu/farmsuccession for registration information.

Adding Value to Beef Cuts and Growing Your Business

This 1-day workshop, being held on January 15 in the Animal Sciences Building on the OSU Campus, is designed for beef producers and culinary businesses who are looking to grow their business. This training was inspired by findings from the Catalyzing Food Entrepreneurship research project, partially funded by the Ohio State University’s Initiative for Food and AgriCultural Transformation. The research found that there is a gap in entrepreneurial trainings for small-scale food producers who want to scale up and access new markets. This training was designed as a pilot to fill that gap in Ohio.

To register today, contact Elizabeth Schuster at schuster.229@osu.edu