Status of Wisconsin Agriculture 2010 - Agricultural & Applied ...

More documents

Recommendations

Info

Status of Wisconsin Agriculture, 2010 An annual report by the Department of Agricultural and Applied Economics, UW-Madison and Cooperative Extension, UW-Extension Table of Contents Preface . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . iii Executive Summary . . . . . . . . . . . . . . . . . . . . . . . . iv I. Status of the Wisconsin Farm Economy . . . . . . 1 II. Current Outlook . . . . . . . . . . . . . . . . . . . . . . . . 7 • The General Economy . . . . . . . . . . . . . . . . . . . 7 • Farm Production Inputs and Services . . . . . . 14 • Dairy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 • Livestock and Poultry . . . . . . . . . . . . . . . . . . . 22 • Corn and Soybeans . . . . . . . . . . . . . . . . . . . . . 25 • Fruits and Vegetables . . . . . . . . . . . . . . . . . . . 29 III. Framing the Financial Crisis for Wisconsin Agriculture . . . . . . . . . . . . . . . 31 STATUS OF WISCONSIN AGRICULTURE 2010 i
Preface Status of Wisconsin Agriculture is an annual agricultural situation and outlook report authored (except where noted) by faculty in the Department of Agricultural and Applied Economics. The report contains three parts. Part I provides a brief overview of the financial environment in the Wisconsin farming sector. In Part II, market analysts review current conditions in major Wisconsin commodity sub-sectors and offer their forecasts for 2010. Part III contains a series of articles that address issues related to the major downturn in the Wisconsin farm economy in 2009 and postrecovery evolution of the state’s farming sector. Status of Wisconsin Agriculture may be downloaded free from the internet at http://www.aae.wisc.edu/www/pub/. If you do not have internet access, contact Ms. Linda Davis, Department of Agricultural and Applied Economics, UW-Madison, 427 Lorch Street, Madison, WI 53706, to obtain a printed copy of the report. The faculty of the Department of Agricultural and Applied Economics welcomes your comments and questions on material in this report. We also encourage your suggestions regarding rural Wisconsin issues that we might address in subsequent editions. Acknowledgements Funding for Status of Wisconsin Agriculture was provided by the University of Wisconsin-Madison Program on Agricultural Technology Studies and by generous contributors to the University of Wisconsin Foundation. We also wish to thank Diane Doering and Bob Mitchell in the communication program of the College of Agricultural and Life Sciences for their production and distribution assistance. Ed Jesse, editor Department of Agricultural and Applied Economics Henry Taylor Hall University of Wisconsin-Madison Madison, WI 53706 January 2010 STATUS OF WISCONSIN AGRICULTURE 2010 iii
Page 1: S TAT U S O F Wisconsin Agriculture
Page 5 and 6: export markets, which left more mil
Page 7 and 8: Wisconsin Farm Income After two con
Page 9 and 10: $Billion 70 60 50 40 30 20 10 Asset
Page 11 and 12: Percent 40 36 32 28 24 20 16 12 8 4
Page 13 and 14: The General Economy and Agricultura
Page 15 and 16: Allocation of Funds from the Fiscal
Page 17 and 18: ments and expand hiring until they
Page 19 and 20: 2009 in light of the global recessi
Page 21 and 22: What farmers pay for fertilizer and
Page 23 and 24: Dairy Bob Cropp (262-9483) Review o
Page 25 and 26: mated at 189.2 billion pounds, down
Page 27 and 28: may do better. As of October 2009,
Page 29 and 30: The main pressures on the supply si
Page 31 and 32: Corn and Soybeans Randy Fortenbery
Page 33 and 34: Beginning stocks (stocks as of Sept
Page 35 and 36: Fruits and Vegetables A.J. Bussan*
Page 37 and 38: Introduction III. Framing the Finan
Page 39 and 40: price could not cover estimated fee
Page 41 and 42: orders (FMMOs), the Upper Midwest o
Page 43 and 44: Major U.S. Export Crops, 2007-08 Cr
Page 45 and 46: Economic Impact of Wisconsin Agricu
Page 47 and 48: impact experienced by producers who
Page 49 and 50: Lenders are very nervous about the
Page 51 and 52: farmers and other industry particip
Page 53 and 54:
dairy products, and perhaps one of
Page 55 and 56:
7. Foreign Tax Credit Carryovers. A
show all

Status of Wisconsin Agriculture 2010 - Agricultural & Applied ...

Create successful ePaper yourself

Delete template?

Save as template?