Document 6610582

At The Close
Cattle on feed
PRODUCERS
Livestock News
Vol. 52, Number 5
“Strength through cooperative marketing”
November 2014
Iowa Premium Beef set to process black
Angus in Tama, will buy from local growers
Cattle and calves on feed for
slaughter market in the United
States for feedlots with capacity
of 1,000 or more head totaled
10.1 million head on Oct. 1. The
inventory was 1 percent below
Oct. 1, 2013. The inventory included 6.46 million steers and
steer calves, up 1 percent from
the previous year. This group accounted for 64 percent of the total inventory. Heifers and heifer
calves accounted for 3.55 million
head, down 3 percent from 2013.
Placements in feedlots during
September totaled 2.01 million,
1 percent above 2013. For the
month of September, placements
are the second lowest since the
series began in 1996. Marketings
of fed cattle during September
totaled 1.68 million, 1 percent
below 2013.
BY BETHANY BARATTA
I
owa Premium Beef is
nearly ready to process
its first group of black
Angus cattle at its plant
in Tama.
The plant is slated to start
procuring and processing
black Angus cattle in November, Jeffrey Johnson, the company’s CEO, told members of
the media during a tour last
month.
The 200,000-square-foot processing facility will start processing approximately 1,100
head of cattle per day in the
first phase of its business, Johnson said. The company will buy
$650 million worth of cattle
from feeders during the first
phase.
As the plant reaches peak
production, it plans to process
more than 2,000 head of cattle
per day, buying about $1 billion
in cattle annually.
Iowa Premium Beef plans to
purchase the majority of cattle
from within 150 miles of Tama,
a perfect location for the processing facility, Johnson said.
Cattle moving north
“We’re right in the center of
the No. 1 corn-producing state
in the United States,” he said.
“The cattle numbers, statistically, are moving north, and the
cattle numbers specifically in
Iowa are going up.”
Last year, there were about
650,000 fed cattle marketed
within 100 miles of the plant
and 1.2 million cattle marketed
within 150 miles, Johnson said.
He added that there are a
lot of “family farmer feeders”
who are constructing confinement barns within the 150-mile
radius as a way to control input
costs and maximize their feeding area.
“They’re able to flip from one
way to the other on how they
Milk production
Milk production in the 23
major milk-producing states during September totaled 15.5 billion pounds, up 4.1 percent from
September 2013. Production per
cow averaged 1,804 pounds for
September, 56 pounds above
September 2013. This is the
highest production per cow for
the month of September since
the 23 state series began in 2003.
The number of milk cows on
farms in the 23 major states was
8.59 million head, 78,000 head
more than September 2013, and
4,000 head more than August
2014.
Beef checkoff
Iowa Premium Beef CEO Jeffrey Johnson talks about the company's new beef processing plant in Tama during a ribboncutting ceremony last month. PHOTO/GARY FANDEL
maximize corn and the distillers grains (feeding rations)
because of ethanol. So there’s
lower inputs for the cattle,” he
said.
The Tama plant originally
opened in 1971 as Tama Pack
until IBP closed operations in
1999. The plant was leased to
Wisconsin meat packer Rick
Stewart, who operated it for
about a year before it closed
in May 2002. A group of 950
Iowa area cattle producers
then formed Iowa Quality Beef
and bought the plant from the
city for $2.6 million. The plant
reopened in July 2003, but
closed in August 2004. Iowa
Premium Beef took ownership
of the plant in 2010.
Experience in beef
Where other investors and
groups have failed to sustain
their beef processing efforts at
the Tama plant, Johnson said
Iowa Premium Beef manage-
ment and its investors are a
perfect fit for the business. “We
have 140 years’ worth of experience in the beef industry in our
executive management team,”
Johnson noted.
“A good portion of that time
was spent in running regional
plants. There’s a difference in
running a small, independent
regional plant than a big superplant. And it’s about flexibility and attention to customers’
needs.”
Johnson has more than 35
years of beef-processing experience at JBS USA, Smithfield
Beef and Packerland Packing.
Being a relatively small plant,
the company will be able to
react faster to changing market
conditions, he said.
“If you look at CAB (Certified Angus Beef) and you look
at their stats, they’re actually
growing exponentially every
year, and that’s sort of the market we are playing in, the high-
er-end quality beef market,” he
said. “We believe we can be
more reactive to the market and
meet our customers’ needs better than the big facilities.”
Renovations to the existing
processing facility totaled $40
million in private investment.
About $7.5 million was spent
on the wastewater treatment
system. To decrease odor emission, the company has covered
the anaerobic lagoons. This will
take the methane gas smell out
of the environment and give the
company the ability to recoup
methane gas, Johnson said.
Working with farmers
Dean Hanish, vice president
and chief financial officer, said
real-time data will help the
company, its employees and its
cattle feeders succeed.
“We’ll share with the producer the results of his cattle,
which will make him better.
BEEF PAGE 3
Livestock sector seeks solutions after COOL law tossed
BY BETHANY BARATTA
The U.S. livestock and meat
sectors were left searching for
answers last month after the
World Trade Organization
(WTO) ruled the U.S. Country
of Origin Labeling (COOL) law
violates world trade rules.
The COOL law mandates
that the packages of most beef,
pork, poultry and lamb sold
in the United States clearly list
where the animal was born,
raised and harvested. Canada
and Mexico called the COOL
law unfair and said it discriminates against imports from
those countries.
In its ruling last month, the
WTO sided with the petitioners
and said U.S. COOL laws have
“a detrimental impact on the
competitive opportunities” of
imported livestock “and, thus,
accords less favorable treatment.”
The ruling came as no sur-
prise to the U.S. meat industries,
said Dave Miller, Iowa Farm
Bureau director of research and
commodity services.
Deemed trade distorting
“What the ruling said is the
U.S. has the right to provide
information on country of origin to its consumers through
labeling requirements,” Miller
said. “It doesn’t have the right
to do it in the way that was proposed, which was deemed to be
significantly trade distorting.”
The challenge has been
determining when a meat product is a U.S. product, or belongs
to another country, in this case,
Mexico or Canada.
Take, for instance, pigs.
A piglet born in Canada but
shipped to the United States at
15 or so pounds to be finished
and then slaughtered, would,
under the law, be considered
neither a Canadian nor U.S.
COOL PAGE 3
The U.S. Department of
Agriculture (USDA) said
it will move ahead with its
plan to create a separate beef
checkoff in the absence of
consensus from the industry
as to how to overhaul the
existing program. The agency
will file a notice in the Federal Register sometime this
month seeking comments on
its proposal, a USDA spokesman said.
Ag Secretary Tom Vilsack
said he is creating the parallel program because industry members couldn’t reach
consensus on the existing
checkoff’s reforms. State cattlemen’s groups nationwide
responded with a letter urging the secretary to reconsider, arguing that USDA’s
program would give the
government too much control.
TPP negotiations
U.S. Trade Representative Michael Froman confirmed that a Trans-Pacific
Partnership (TPP) agreement
won’t be announced at the
Asia-Pacific Economic Cooperation (APEC) summit in
Beijing this month.
Negotiators
of
the
12-nation TPP wrapped up
their most recent batch of
talks in Sydney.
The U.S., along with other
nations, are pushing Japanese leaders to open their
auto and agricultural markets.
2
Producers Livestock News
November 2014
Producers Services Directory
BY TOM BLOCK
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

A plan by Agriculture
Secretary Tom Vilsack to
implement a new, additional beef checkoff drew criticism and concerns from the
National Cattlemen’s Beef
Association (NCBA).
Leaders of the NCBA, the
largest contractor of the current beef checkoff program,
said creating an entirely new
checkoff would create inefficiencies and pile additional
costs on cattle producers.
“From the reaction we
have gotten from our producer-members and state
affiliates in the past few days,
they feel (creating a new
checkoff program) is somewhat threatening,” said
NCBA President Bob McCan,
a Texas cattle rancher. “We
have a big majority of support for (the) checkoff that
we have now and very good
return on investment. It’s
been very successful.”
Vilsack
outlined
his
plans to implement a new
beef checkoff program during a meeting with the Beef
Checkoff Enhancement
Working Group, according to
NCBA CEO Forrest Roberts.
The working group is a collection of 11 ag organizations
that have been working for
three years to reach a consensus on how to improve
the beef checkoff so that all
groups could support an
increase in the current $1 per
head assessment.
No agreement reached
Last month, the National
Farmers Union (NFU) and
U.S. Cattlemen’s Association
withdrew from the group,
saying the working group
had reached an impasse and
that they could not support a
tentative agreement reached
earlier this year.
Vilsack told the groups
that since they were unable
to reach a consensus, he
planned to announce a companion beef checkoff that
would operate under the
1996 generic checkoff law,
Roberts said. The amount
of the new checkoff assessment and whether cattlemen
would be able to request a
refund is uncertain, he said.
More funds needed
Producers Pork Programs

USDA proposes second checkoff, comment period open

PRODUCERS
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During meetings last
year, Vilsack told the working group the beef checkoff
needed additional funding to
help deal with issues facing
the beef industry and help
increase beef consumption,
said NCBA past president
Scott George, a Wyoming
cattleman.
According to NCBA officials, Vilsack told the working group he wants to have
the new checkoff implemented and operating in tandem
with the current checkoff by
the end of 2015. A referendum on whether to continue the new checkoff would
be held after three years.
The implementation plan
would include putting out a
proposed order for the additional checkoff and seeking
public comments.
Vilsack indicated he might
withdraw plans for the new
checkoff if the current working group could come to a
consensus on an alternative
plan by the end of this year,
George said.
The current beef checkoff
program was established by
the 1985 Farm Bill to fund
projects related to promotion, research, consumer
education and international
marketing.
Of the $1-per-head assessment, which is the same
amount as it was in 1985,
half is allocated to state beef
councils and half goes to the
Cattlemen’s Beef Promotion
and Research Board (CBB)
to administer the national
checkoff program, according
to USDA rules and oversight.
One of the main sources
of disagreement among the
enhancement working group
was how to involve more contractors and policy organizations in beef checkoff efforts,
George said. However, he
said the new checkoff would
be a “top-down” program
that puts more power in the
hands of the government.
“The working group is
very much convinced we
need to continue working to
enhance the 1985 act,” said
George.
Submit comments
The USDA is seeking comments on the creation of the
second checkoff. The comment period is open until Dec.
10. Comments may be submitted online at www.regulations.gov or sent to Beef
Promotion, Research and
Information Order; Research
and Promotion Division, Room
2096-S; Livestock, Poultry and
Seed Program; AMS, USDA,
STOP 0249; 1400 Independence
Avenue, S.W.; Washington,
D.C. 20250-0249; telephone
number (202) 720-5705.
Producers Livestock News
November 2014
3
From My Desk
By Rick Keith,
President PLMA
Beef industry shows signs of expansion, rebuilding
B
eef prices have
increased to record
prices, and experts
predict the high
price of beef to continue rising
next year, if at a more moderate
rate than the 11 percent average
increase expected this year.
Even after adjusting for inflation, beef prices are at record
levels because of the U.S. cattle
herd dropping to its smallest level
since 1951. Beef and veal prices
were up 2 percent from August to
September alone.
Prices will stay high until the
herd grows. Expansion likely
won’t be very pronounced this
year, but experts are beginning to
see signs of it.
The United States Department
of Agriculture’s (USDA) report
on cattle being fed for slaughter released recently showed 10.1
million cattle and calves at feedlots with capacity of 1,000 or
more on Oct. 1. The number of
heifers and heifer calves was 3.55
million, down 3 percent from last
year.
Rebuilding takes time
Fewer cows going to slaughter
could mean more being held back
to breed. But the reality is it takes
time to produce and grow cattle.
The time it will take to
increase the herd will take years
not months. There are many factors to take into consideration
when analyzing the components.
It’s also unlikely consumers will
see beef prices go back down even
after ranchers are able to rebuild
their herds.
In South Dakota, feedlots with
capacities of 1,000 or more animals this month reported 190,000
cattle on feed on Oct. 1, up 6
percent from last year. In its latest report, the USDA said placements in feedlots during September totaled 50,000 head, up 16
percent from 2013.
This means packers that don’t
have a large enough inventory to
work with will pay more for the
Remembering Larry Sills
available cattle. It causes overhead costs to go higher because
you can’t run the plant at maximum efficiency.
We have also seen margins
narrowing for cattle feeders as
the price of feeder cattle increase,
despite the lower corn prices.
We’ve talked about this in earlier newsletters, but the biggest
threat to the beef market is good
news to the pork industry; con-
sumers buying lower priced pork
and chicken. Retailers have seen
some of this already.
Thank you
As we move into the holiday season, all of us at Producer
Livestock would like to wish all
of you our best, and thank you
for your business and support.
Thanks again from all of us at
Producers Livestock.
USDA reports
November
November 21 — Cattle on feed
Cold storage
December
December 10 — WASDE
Crop production
December 19 — Milk production
Cattle on feed
December 22 — Cold storage
December 23 — Quarterly hogs and pigs
January
January 10 —
January 22 —
WASDE
Crop production
Cold storage
Producers
Larry Sills, our long-time employee passed away Sept. 26, one year after retiring from Producers. Larry did
a wonderful job working for Producers in our pork division. He will be truly missed by all of us; our thoughts
and prayers go out to Larry’s wife Janice, their children and grandchildren.
BEEF
FROM PAGE 1
And we’ll be able to analyze
production to make sure that
they are cutting the right cuts
and analyzing sales so that
COOL
FROM PAGE 1
product.
“But under any reasonable
interpretation of the historical context of country of origin
labeling, that would have been
called a U.S. product. Under the
law, it cannot be,” Miller said.
The next step, Miller said,
will likely be an expedited
appeals process. Once that’s finished, assuming the U.S. isn’t
successful in its appeal, Canada
and Mexico can impose retaliatory tariffs.
Miller said Canada and Mexico will determine which products to slap tariffs on. They don’t
have to stick to meat products
associated with the COOL law,
he said.
So how can the United States
come into compliance with the
they’re selling to the right customer,” Hanish said.
The company will begin
operations with more than 600
employees and could employ
more than 1,000 workers when
operating at peak production,
Johnson said.
“We’re geared on making
sure we have a sustainable
place where 600-plus people
can provide for their families,”
he said. “It really is our intent
that we’re going to bring these
folks in, and as we grow, the
community grows.”
WTO requirements while still
operating under the law? That’s
the million dollar question,
Miller says.
at risk.
N a t i o n a l P o r k P ro d u c ers Council (NPPC) President
How­ard Hill, a veterinarian
and pork producer from Cambridge, Iowa, said retaliatory
tariffs on pork would be “financially devastating” to U.S. pork
producers.
Miller said the COOL issue
affects Iowa farmers because of
the animals the United States
imports from Canada and Mexico to finish on farms here.
“We have a number of Iowa
producers that generate significant farm income by finishing
feeder pigs that have a Canadian origin,” Miller said.
Due to requirements placed
on the slaughterhouses to separate the meat from U.S. and
Canadian sources, Iowa farmers receive a lower market
price for their products.
Getting in compliance
“It’s not clear how the USDA
can write the regulations for
implementation of the law that
would ever be found to be WTO
compliant,” he said. “So the
question is do we just remain
WTO non-complaint until the
legislature chooses to change
the law?”
The North American Meat
As­­sociation and the American
Meat Institute encouraged legislation to comply with WTO
requirements.
The National Cattlemen’s
Beef Association in a statement
after the ruling said there’s “no
regulatory fix” to the issue and
it’s putting the cattle industry
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4
Producers Livestock News
November 2014
By Tim Meyer
Senior Vice President, PLCC Financial Services
Managing risks important, we can help
I want to talk about change.
Generations of farmers and livestock feeders have accepted
change.
Choosing to make investments
in better genetics, more efficient
equipment and new GPS technology to help you manage your operation have all been changes from
the previous generation’s practices.
Those changes may have drawn
a shaking head from many an elder,
but I don’t recall anyone reverting
to the production and management
practices of the past once the new
and improved tools were in place.
The same can be said about changes in the way a producer manages
risk in today’s volatile marketing
world.
chase feeder cattle? A bred heifer
or cow? I think we all know the
answer to those questions. Is it
time to consider changing the way
you manage that risk?
As I write this column, fat cattle
have recently traded over $170/
cwt. These all-time record high
prices for fat cattle are driving alltime record high prices for feeders
and replacement females.
I have daily conversations with
cattle feeders who are investing
more dollars per head than ever
before for the privilege of owning feeder cattle. As recently as
November 2010, the November
feeder cattle board was trading
near $120/cwt. Today it is trading
near $235/cwt.
In a matter of four years, we
Has it ever cost more?
are being asked to spend twice as
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3.
Filing Date
Telephone
(Include area code)
8
6
0
9/30/14
515-225-5413
Statement of Ownership, Management,
andSubscription
Circulation
6. Annual
Price
5
1.50 Publications)
(All Periodicals Publications
Except Requester
8. Issue
Complete
Mailing Address of Headquarters or General Business Office of Publisher
(Not
printer)Published Annually
4.
Frequency
5. Number
of Issues
th
4809 S. 114 Omaha, NE 68137-2308
Bi Monthly
1. Publication Title
2. Publication Number
7. CompleteLivestock
Mailing Address
Producers
News of Known Office of Publication (Not printer) (Street, city, county, state, and ZIP+4®)
3. Filing Date
Contact Person
9/30/14
4.
Issue Frequency
Publisher
(Name and complete mailing address)
5. Number of Issues Published Annually
6. Annual Subscription
Price
Telephone
(Include area
code)
Bi
Monthly Livestock News Marketing Association
Producers
4809 S. 114th Omaha, NE 68137-2308
5
1.50
515-225-5413
4 4 5 - 8 6 0
4809 S. 114th Omaha, NE 68137-2308
9. Full Names and Complete Mailing Addresses of Publisher, Editor, and Managing Editor (Do not leave blank)
Dirk Steimel
8.
or Publication
General Business
Office(Street,
of Publisher
(Not printer)
7. Complete
Completeth Mailing
Mailing Address
Address of
of Headquarters
Known Office of
(Not printer)
city, county,
state, and ZIP+4®)
Contact Person
4809 S. 114 Omaha, NE 68137-2308
Dirk Steimel
4809 S. 114 thOmaha, NE 68137-2308
Editor (Name and complete mailing address)
Dirk Steimel, Editor Producers Livestock News Marketing Association
4809 S. 114th Omaha, NE 68137-2308
9. Full Names and Complete Mailing Addresses of Publisher, Editor, and Managing Editor (Do not leave blank)
Telephone (Include area code)
515-225-5413
8. Complete Mailing Address of Headquarters or General Business Office of Publisher (Not printer)
Publisher
(Name
andNE
complete
mailing address)
th
4809 S. 114
Omaha,
68137-2308
Managing the increased risk
that comes with this investment
could be the most important decision you make in your livestock
feeding business.
I understand that many producers have left enormous margins on
the table by hedging “too early” in
the past 12 months, but now is not
the time to abandon price protection. It may be time to consider a
different price protection method,
but, I will say it again, it is not the
time to abandon price protection.
Affordable options
Buying put options, placing
hedges or utilizing packer contracts
are all effective tools that provide
price protection for your livestock.
As difficult as it can be to make a
profit in the livestock feeding business, why would anyone choose
to be unprotected in market conditions like these?
There are too many affordable
tools available to protect your equity/investment and choosing not to
utilize them is dangerous to the
financial well-being of your business.
I don’t know very many producers who choose not to carry crop
insurance, or not to insure their
equipment, their shop, their home,
their life--things you have made
considerable investments in.
Spending $1,500-$2,000 per
head and not buying price protection when it preserves the value
of the animal and the inputs(your
crop) that go into it is just not a
good business practice. Call me
overly cautious, but I would bet
that your spouse, your children,
your business partner(s), your
banker and everyone else who is
depending on you to pay your bills,
will thank you for managing the
risk and preserving your liquidity
and capital should the market take
a downturn.
Call us for help
If you haven’t already done so,
I urge you to contact our commodity brokers in our Sioux City office
(800-831-5936), our agents out in
the field or any of our lenders in the
Omaha office (800-950-7522) to
discuss the best risk management
plan for your operation.
One of my favorite quotes in
regard to change comes from the
late John F. Kennedy who said,
“Change is the law of life, and
those who look only to the past
or present are certain to miss the
future.”
Doing what we’ve always done
is great for family traditions, but
this is not our grandfather’s world
in the livestock feeding business.
Manage the market risk, protect
yourself with the proper tools and
you will protect your future.
Submit paperwork
As the annual renewal season
approaches, I would like to remind
all of you to submit your most
recent financial statements and tax
returns (when completed) to our
office as soon as possible. This
allows our staff to review your
approval limits here at PLCC and
get your line renewed in a timely
manner for future livestock purchases.
We have a great working relationship with many of your local
banks or other lending institutions
that are more than cooperative in
sending in your financial information to us. Our goal is to keep
your operation funded and flowing
smoothly. With this information
provided in a timely manner, we
can do just that.
Happy Holidays
On behalf of all of us at PLCC
and PLMA, I would like to wish
each and every one of you a very
Merry Christmas and Happy New
Year. Thanks for a successful 2014
and we look forward to serving you
in 2015!
Producers
Livestock
News
Marketingmailing
Association
Managing Editor
(Name
and complete
address)
4809 S. 114th Omaha, NE 68137-2308
9.
Full Names and Complete Mailing Addresses of Publisher, Editor, and Managing Editor (Do not leave blank)
Editor (Name and complete mailing address)
Publisher
(Name
andProducers
complete mailing
address)
Dirk
Steimel,
NewsisMarketing
10. Owner
(DoEditor
not leave
blank. IfLivestock
the publication
owned by aAssociation
corporation, give the name and address of the corporation immediately followed by the
Producers
Livestock
News
Marketing
Association
th
names
and
addresses
all stockholders
owning or holding 1 percent or more of the total amount of stock. If not owned by a corporation, give the
4809
S. 114
Omaha,
NEof68137-2308
th
NEof68137-2308
4809names
S. 114
andOmaha,
addresses
the individual owners. If owned by a partnership or other unincorporated firm, give its name and address as well as those of
each individual owner. If the publication is published by a nonprofit organization, give its name and address.)
Full NameEditor (Name and complete mailing address)
Complete Mailing Address
Managing
Editor (Name and complete mailing address)
Producers
Livestock
MarketingLivestock
Association
Dirk
Steimel,
Editor Producers
News Marketing Association
4809 S. 114th Omaha, NE 68137-2308
10. Owner (Do not leave blank. If the publication is owned by a corporation, give the name and address of the corporation immediately followed by the
Managing
(Name and
mailingowning
address)
namesEditor
and addresses
of complete
all stockholders
or holding 1 percent or more of the total amount of stock. If not owned by a corporation, give the
names and addresses of the individual owners. If owned by a partnership or other unincorporated firm, give its name and address as well as those of
each individual owner. If the publication is published by a nonprofit organization, give its name and address.)
Full Name
Complete Mailing Address
Producers Livestock Marketing Association
11. Owner
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Bondholders,
Mortgagees,
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10.
not leave blank.
If the publication
owned Holders
by a corporation,
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of allofstockholders
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Total Amountowning
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namesSecurities.
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Other
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Full Name
Complete Mailing Address
Full Name
Complete Mailing Address
Producers Livestock Marketing Association
11. Known Bondholders, Mortgagees, and Other Security Holders Owning or
Holding 1 Percent or More of Total Amount of Bonds, Mortgages, or
Other Securities. If none, check box
X None
Full Name
Complete Mailing Address
12. Tax Status (For completion by nonprofit organizations authorized to mail at nonprofit rates) (Check one)
11. Known Bondholders, Mortgagees, and Other Security Holders Owning or
The purpose, function, and nonprofit status of this organization and the exempt status for federal income tax purposes:
Holding 1 Percent or More of Total Amount of Bonds, Mortgages, or
Has Not Changed During Preceding 12 Months
Other Securities. If none, check box
X None
Has Changed During Preceding 12 Months (Publisher must submit explanation of change with this statement)
Full Name
Complete Mailing Address
PS
Form
3526,Title
September 2007 (Page 1 of 3 (Instructions Page 3)) PSN 7530-01-000-9931
NOTICE:
13. Publication
14. Issue DatePRIVACY
for Circulation
DataSee our privacy policy on www.usps.com
Producers Livestock
September 2014
15.
and (For
Nature
of Circulation
Copyright
2006 Forms
in Word (www.formsinword.com).
individual
12. Extent
Tax Status
completion
by nonprofit
organizations
authorized
to mail at nonprofit rates)For
(Check
one)use only.
No. Copies of Single Issue
Average
Each Issue
The purpose, function, and nonprofit status of this organization and the exempt
statusNo.
for Copies
federal income
tax purposes:
Published Nearest to
During Preceding 12 Months
Has Not Changed During Preceding 12 Months
Filing Date
Has Changed During Preceding 12 Months (Publisher must submit explanation of change with this statement)
2578
a. Total Number of Copies (Net press run)
2625
PS Form 3526, September 2007 (Page 1 of 3 (Instructions Page 3)) PSN 7530-01-000-9931 PRIVACY NOTICE: See our privacy policy on www.usps.com
12. Tax Status (For completion by nonprofit organizations authorized to mail at nonprofit rates) (Check one)
Mailed Outside-County
PaidofSubscriptions
Stated
The purpose, function,
and nonprofit status
this organization
andonthe exempt status for federal income tax purposes:
PS Form
3541(Include
distribution above nominal
2428
2475
Has Not(1)
Changed
During
Precedingpaid
12 Months
rate,
advertiser's
proof
copies,
and
exchange
copies)
Copyright
2006
Forms
inmust
Word
(www.formsinword.com).
For individual
only.
Has Changed
During
Preceding
12 Months
(Publisher
submit
explanation of change
with this use
statement)
PS Form 3526, September 2007 (Page 1 of 3 (Instructions Page 3)) PSN 7530-01-000-9931 PRIVACY NOTICE: See our privacy policy on www.usps.com
Mailed In-County Paid Subscriptions Stated on PS
b. Paid
Circulation (2) Form 3541 (Include paid distribution above nominal
rate, advertiser's proof copies, and exchange copies)
(By Mail
Copyright 2006 Forms in Word (www.formsinword.com). For individual use only.
and
Outside
Paid Distribution Outside the Mails Including Sales
the Mail)
(3) Through Dealers and Carriers, Street Vendors, Counter
Sales, and Other Paid Distribution Outside USPS®
(4)
Paid Distribution by Other Classes of Mail Through
the USPS (e.g. First-Class Mail®)
c. Total Paid Distribution (Sum of 15b (1), (2),(3), and (4))
(1)
d. Free or
Nominal
(2)
Rate
Distribution
(By Mail
and
(3)
Outside
the Mail)
(4)
John Nelson, left, spoke with the Morningside College Principles of Ag class during a visit in October. The class
visited Nelson’s office with Rich Crow, Assistant Professor of Regina Roth Applied Agricultural and Food Studies
at Morningside, second from right. Nelson provided an overview of PLMA services and programs and how PLMA
staff ties them all together. The students and Nelson talked about risk management and how PLMA advises its
customers.
2428
2475
145
145
Free or Nominal Rate Outside-County
Copies included on PS Form 3541
Free or Nominal Rate In-County Copies Included
on PS Form 3541
Free or Nominal Rate Copies Mailed at Other
Classes Through the USPS (e.g. First-Class Mail)
Free or Nominal Rate Distribution Outside the Mail
(Carriers or other means)
e. Total Free or Nominal Rate Distribution (Sum of 15d (1), (2), (3) and (4)
145
145
2573
2620
f. Total Distribution (Sum of 15c and 15e)

g. Copies not Distributed (See Instructions to Publishers #4 (page #3))

5
5
h. Total (Sum of 15f and g)

2578
2625
i. Percent Paid
(15c divided by 15f times 100)

94.36
94.28
16. Publication of Statement of Ownership
If the publication is a general publication, publication of this statement is required. Will be printed
in the 11/19/14
Publication not required.
issue of this publication.
17. Signature and Title of Editor, Publisher, Business Manager, or Owner
Date
9/30/14
I certify that all information furnished on this form is true and complete. I understand that anyone who furnishes false or misleading information on this
form or who omits material or information requested on the form may be subject to criminal sanctions (including fines and imprisonment) and/or civil
sanctions (including civil penalties).
PS Form 3526, September 2007 (Page 2 of 3)
Copyright 2006 Forms in Word (www.formsinword.com). For individual use only.