Last year many parts of the midwest and the plains experienced a drought. Historically, the droughts in the plains have followed a cyclical pattern. Thus the drought last year could be just the beginning of several dry years. To help provide assistance and guidance to farmers it would be helpful if Extension personnel could estimate the effects on farm profitability during a drought period. This presentation will use data from the Kansas Farm Management Association to estimate the loss of revenue and the potentially higher costs to both grain and beef farms during dry years.
|Conference||2013 National Farm Management Conference|