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USDA To Measure Final 2017 Row Crop Production And Grain Stocks With Two End-Of-Year Surveys

 
The U.S. Department of Agriculture's National Agricultural Statistics Service (NASS) is encouraging producers to respond to two upcoming surveys – the December Agricultural Survey and the County Agricultural Production Survey – that are critical to row crop producers around the country. The results of the surveys help determine the structure of the 2017 farm payment and risk management programs administered by USDA's Farm Service Agency and Risk Management Agency.
 
"We need producers to respond to NASS surveys and respond accurately," says NASS Agricultural Statistics Board Chair Joseph L. Parsons. "Farm programs that are important to row crop producers rely on farmer-reported NASS data. When enough producers do not respond to the surveys, NASS is not able to publish data. Without these data, the Farm Service Agency and Risk Management Agency may not have all of the information that is needed to base the programs that ultimately serve the row crop producers. Producers can lose out when there is no data to determine accurate rates for loans, disaster payments, crop insurance price elections, and more."
 
The County Agricultural Production Survey will go to 170,000 row crop producers beginning November 3. Responses are due by January 15, 2018, and NASS will publish county-level results for corn, soybeans, sunflowers, and sorghum on February 22, 2018, in the Quick Stats database. These county-level data are critical for USDA farm payment determinations.
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Statistics Canada’s 2021 Census of Agriculture indicates that 75% of all farms operating in Canada operate as sole proprietorships or family partnerships. While incorporated farms make up just over a third of Canadian farm operations most of those are also family-run corporations. If the issue of farm succession planning is not on the minds of Canadian farm producers, it probably should be. That same Statistics Canada Census of Agriculture indicates that the average age of a Canadian farmer is 56 years of age with the 55 plus age group becoming the fastest growing segment in Canadian agriculture.

Despite these statistics, the same Census reports that only 1 in 10 Canadian farm operations have a formal succession plan. While each farm has its unique issues when it comes to transferring the business to the next generation, there are some common topics that almost all farmers must address. Join financial, legal, and tax experts to learn about how to begin the process, key tips on ensuring a smooth transition from one generation to the next, and how to manage the strong emotions the topic can create within the family.