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Maui Land & Pineapple Reports 2009 1st Quarter Results

Published on May 4, 2009 in General Ag News and Notes.

Maui Land & Pineapple Company, Inc. (MLP) reported a net loss of $13.2 million or $1.65 per share for the first quarter of 2009 compared to a net loss of $414,000, or $0.05 per share for the first quarter of 2008. Consolidated revenues were $15.6 million for the first quarter of 2009 compared to $25.4 million for the first quarter of 2008, a decrease of 39%. Results in the first quarter of 2009 largely reflect the continuing impact of the national and worldwide economic uncertainty that has resulted in reduced visitor counts to Maui and the State of Hawaii and slower sales of real estate. Approximately $10.5 million of the increase in the net loss resulted from the year-over-year decrease in profit from the Company’s equity investment in Kapalua Bay Holdings LLC. The Company’s $50 million cash sale of the Plantation Golf Course in March 2009 was accounted for as a financing transaction and, accordingly, no gain was recognized in the first quarter of 2009.

The Community Development segment reported an operating loss of $3.2 million for the first quarter of 2009 compared to operating income of $8.1 million for the first quarter of 2008. Revenues from this operating segment were $2.0 million for the first quarter of 2009 compared to $4.6 million for the first quarter of 2008. The Company recorded a loss from Kapalua Bay Holdings, LLC of $1.1 million in the first quarter of 2009 compared to income of $9.4 million in the first quarter of 2008. Lower results in 2009 from the Kapalua Bay equity investment reflect reduced sales for the first quarter of 2009 compared to the first quarter of 2008. Lower results from the Community Development segment in the first quarter of 2009 were also due to no land sales in the first quarter of 2009, compared to the sale of two non-core land parcels in the first quarter of 2008.

The Resort segment reported an operating loss of $4.2 million for the first quarter of 2009 compared to an operating loss of $2.3 million for the first quarter of 2008. Resort segment revenues decreased from $11.7 million in the first quarter of 2008 to $8.6 million for the first quarter of 2009 or 26%, reflecting lower revenues from the primary Resort operations, golf, retail and villas. A reduction in visitor arrivals and occupancy at the Resort was primarily responsible for the lower results in the first quarter of 2009.

The Agriculture segment produced an operating loss of $3.5 million for the first quarter of 2009 compared to an operating loss of $5.1 million for the first quarter of 2008. Revenues from the Agriculture segment decreased by 42% from $8.5 million in the first quarter of 2008 to $4.9 million in the first quarter of 2009 due to lower case volume of fresh pineapple sales. The lower loss in the first quarter of 2009 reflects higher average prices for fresh pineapple and lower operating costs in the Agriculture segment. In addition, the operating loss for the first quarter of 2008 included approximately $0.9 million in equipment write-offs and a provision of $0.9 million for potentially uncollectible accounts receivable.

MAUI LAND & PINEAPPLE COMPANY, INC.
Report of Consolidated Operations
(Unaudited)
(in thousands except per share amounts)
mlploss1
NOTES:
The Company’s reports for interim periods utilize numerous estimates of production, general and administrative expenses, and other costs for the full year. In addition, revenues from land sales are sporadic. Consequently, amounts in the interim reports are not necessarily indicative of results for the full year.
Contacts:
For Maui Land & Pineapple Company, Inc.
Robert I. Webber, 808-877-1674
Fax: 808-877-1614

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Hawaii Ag-Tourism

Published on January 28, 2008 in Ag Tourism and General Ag News and Notes.

Here is the PDF file for the *Hawaii Ag-Tourism* Report.

agtour012808.pdf

Please visit the website for more information: http://www.nass.usda.gov/hi/

————————————————————-
Contact Information:
Mark E. Hudson, Director
USDA NASS Hawaii Field Office
1421 South King Street
Honolulu, HI 96814-2512

Office: (808) 973-9588 / (800) 804-9514
Fax: (808) 973-2909
————————————————————-

Hawaii?s ag-tourism valued at $38.8 million in 2006

The value of Hawaii?s ag-tourism related activities (see definition below) is pegged at $38.8 million for 2006, up 14 percent from the $33.9 million generated in 2003. There were 112 farms statewide that had ag-tourism related income during 2006, a 40 percent decrease from 2003 as fewer agricultural producers in Hawaii have opened-up their operations to visitors to the farm experience through ag-tourism activities. Interest in ag-tourism continues to be strong as 84 farms either are involved in agtourism activities in 2006, or planned to be in the future. The distribution of ag-tourism throughout Hawaii has become more concentrated during the past three years as Hawaii County now accounts for half of the farms with ag-tourism and 34 percent of the total value. Honolulu County had 12 percent of the farms and 37 percent of the total value. Kauai County accounted for 13 percent of the farms and the value was 16 percent of the total. Maui County accounted for 25 percent of the farms and was the only county showing a decline from 2003 with 13 percent of the total value.

Ag-tourism is a commercial enterprise on a working farm conducted for the enjoyment, education, and/or active involvement of the visitor, generating supplemental income for the farm. Activities such as producing and selling products directly from the farm, operating a bed and breakfast, conducting educational farm tours, offering horseback riding, festivals, concerts, and many other on-farm activities qualify as agtourism.
Continue reading ‘Hawaii Ag-Tourism’

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Hawaii Monthly Livestock Review

Published on October 4, 2007 in General Ag News and Notes and Livestock.

Here is the PDF file for the *Hawaii Monthly Livestock Review *Report.

lvstk100207.pdf

Please visit the website for more information: http://www.nass.usda.gov/hi/

————————————————————-
Contact Information:
Mark E. Hudson, Director
USDA NASS Hawaii Field Office
1421 South King Street
Honolulu, HI 96814-2512

Office: (808) 973-9588 / (800) 804-9514
Fax: (808) 973-2909
————————————————————-

“HAWAII MONTHLY LIVESTOCK REVIEW” reports are available on our website and also PRINTED monthly. Subscriptions for PRINTED copies are free to those persons who report agricultural data to NASS (upon request) and available for $4 per year to all others.

Hawaii Monthly Livestock Review

August Egg Production Down 17 Percent From A Year Ago
Hawaii egg production totaled 6.8 million (18,889 cases) in August 2007, down 17 percent from August 2006. The average number of layers on hand during August 2007 was estimated at 368,000, down fractionally from July 2007 and down 14 percent from August 2006. The average rate of lay during August 2007 was 1,848 per 100 layers (59.6 percent rate of lay), down 3 percent from August 2006.

August Cattle Marketings Up 12 Percent From 2006
Total cattle marketings for August 2007 is estimated at 3,800 head, up 12 percent from August 2006. Cumulative cattle marketings for the first eight months of 2007 totaled 35,500 head, down 2 percent from the same period a year ago.

August exports up 13 percent from a year ago
Exports of steers and heifers totaled 2,700 head in August 2007, up 13 percent from a year ago. Exports of steers totaled 1,100 head during August 2007, down 31 percent compared to a year ago. Total export of heifers increased in August 2007 to 1,600 head, double the amount of heifers exported a year ago. Cumulative exports of steers and heifers through August 2007 totaled 28,100 head, down 3 percent from the same period a year ago. Cumulative exports of steers for 2007 stands at 15,800 head, down 8 percent from 2006. Exports of heifers were 2 percent ahead of a year ago for the first seven months of 2007 at 12,200 head. Exports of other classes of cattle were not included.

Average live weight tops 430 pounds
The average live weight of steers and heifers exported from Hawaii in August 2007 was 433 pounds, up 4 percent from August 2006?s average live weight of 418 pounds.

Commercial Beef Production Down Fractionally From Year Ago
Hawaii commercial beef production (local slaughter) during August 2007 totaled 609,000 pounds, down fractionally from August 2006. Cumulative beef production (local slaughter) through August 2007 totaled 4.3 million pounds, up 4 percent from a year ago. Commercial kill totaled 1,100 head in August, up 10 percent from August 2006. Average live weight per head was 1,045 pounds in August 2007, down 6 percent from the average live weight per head in August 2006.

Commercial Pork Production Down 11 Percent
Hawaii commercial pork production during August 2007 totaled 298,000 pounds, down 11 percent from August 2006. Cumulative pork production for the first eight months of 2007 totaled 2.3 million pounds, down 10 percent from a year ago. Total hog kill was 1,900 head in August 2007, down 5 percent from a year ago. Average live weight per head was 209 pounds in August 2007, down 7 percent from the 224-pound average a year ago.

Milk Cows and Milk Production

August Milk Production Down 48 Percent From Year Ago
Hawaii?s dairy cows produced 2.5 million pounds of milk in August 2007, down 48 percent from a year ago. Cumulative milk production for the first eight months of 2007 totaled 26.8 million pounds, down 33 percent from the same period in 2006.

August?s Cow Herd Down 36 Percent From Year Ago
Hawaii?s cow herd, both dry and milking, numbered 2,700 head in August 2007, unchanged from July 2007 but down 36 percent from August 2006.

Milk Per Cow Decreases
Average milk per cow is estimated at 940 pounds for August 2007, down 18 percent from last August?s average of 1,145 pounds per cow.

Average Farm Prices

Livestock Farm Prices Generally Higher Than Year-ago Averages

Steers and heifers
The average dress weight farm price for steers and heifers is estimated at $1.00 per pound for August 2007, up half-a-cent from July and a penny per pound higher than a year ago.

Cows
The average dress weight farm price for cows is estimated at 54.0 cents per pound in August 2007, down a penny from July. The August average dress weight farm was identical to that of a year ago.

Market hogs
The average dress weight farm price for market hogs is estimated at $1.25 per pound for August 2007, unchanged from July 2007. Compared to a year ago, the dressed weight for market hogs was down 4.5 cents per pound this August.

Milk
The average farm price for milk was $29.90 per hundredweight during August 2007, unchanged from July 2007. Compared to a year ago, the August 2007 average farm price for milk was $3.50 per hundredweight higher.

Eggs
The average farm price for a dozen eggs was 98.0 cents in August 2007, down 7.0 cents from July 2007. Compared to a year ago, the average farm price for a dozen eggs was up 4.50 cents in August 2007.

Commercial red meat production for the United States totaled 4.33 billion pounds in August, up 2 percent from the 4.26 billion pounds produced in August 2006.

Beef production, at 2.45 billion pounds, was slightly above the previous year. Cattle slaughter totaled 3.13 million head, down slightly from August 2006. The average live weight was up 3 pounds from the previous year, at 1,279 pounds.

Veal production totaled 10.3 million pounds, 20 percent below August a year ago. Calf slaughter totaled 65,400 head, down 2 percent from August 2006. The average live weight was down 54 pounds from last year, at 268 pounds.

Pork production totaled 1.85 billion pounds, up 4 percent from the previous year. Hog kill totaled 9.39 million head, up 3 percent from August 2006. The average live weight was up 1 pound from the previous year, at 263 pounds.

Lamb and mutton production, at 14.7 million pounds, was up 1 percent from August 2006. Sheep slaughter totaled 227,500 head, slightly above last year. The average live weight was 129 pounds, unchanged from August a year ago.

U.S. egg production totaled 7.57 billion during August 2007, down 1 percent from last year. Production included 6.44 billion table eggs, and 1.13 billion hatching eggs, of which 1.07 billion were broiler-type and 65 million were egg-type. The total number of layers during August 2007 averaged 339 million, down 1 percent from last year. August egg production per 100 layers was 2,229 eggs, down slightly from August 2006.

All layers in the U.S. on September 1, 2007 totaled 339 million, down 1 percent from last year. The 339 million layers consisted of 281 million layers producing table or market type eggs, 55.9 million layers producing broilertype hatching eggs, and 2.73 million layers producing egg-type hatching eggs. Rate of lay per day on September 1, 2007, averaged 71.7 eggs per 100 layers, down 1 percent from September 1, 2006.

Excerpts from Livestock Slaughter (September 21, 2007) and Chickens and Eggs (September 21, 2007) releases.

Beef/cattle: Weather is still the dominant feature in the cattle/beef industry landscape. Some precipitation fell in the Southwest, Southeast, and Corn Belt, providing some relief for grain and hay crops and pastures. However, hay and other supplemental feeding continues in these areas, and beef cows continue to be sold as a result.

Pork/hogs: The fourth quarter pork export forecast was raised by 60 million pounds, following an announcement by a major U.S. packer of a sales agreement with China, to take place by December 2007. Total U.S. pork exports in 2007 are expected to be 2.97 billion pounds, about 0.8 percent lower than in 2006. U.S. pork exports next year are expected to be almost 3.1 billion pounds, or 3.8 percent above 2007. July 2007 exports to China and Hong Kong, combined, offset year-over-year declines in shipments to major U.S. foreign pork markets. Second-half production is expected to be about 11.1 billion pounds, about 3.4 percent above a year earlier, with live equivalent prices of 51-52 percent lean hogs expected to average between $50 and $51 per cwt in the third quarter, and $45 and $47 per hundredweight (cwt) in the fourth quarter. Commercial pork production next year is expected to be about 22.1 billion pounds, about 100 million pounds larger than forecast last month. The increased production forecast largely reflects revised expectations for U.S. swine imports from Canada, both in the second half of 2007 and in 2008.

Dairy: Domestic demand for dairy products, especially cheese, combined with global demand and tight world supplies, will keep milk and dairy product prices high this year and next. The upturn in milk production will moderate 2008 prices somewhat compared with 2007.

Poultry: Broiler meat production continues to slowly expand. The slow expansion and strengthening exports have allowed prices for most broiler products to remain considerably higher than in the previous year. The generally higher prices are expected to continue through the second half of 2007 and into 2008. Although turkey production and stocks of whole birds have been above a year earlier, prices for whole turkeys are expected to remain higher than the previous year through the third quarter. With a small laying flock and a strong export market, egg prices are expected to range from $1.14 to $1.15 per dozen at the wholesale level in the third quarter and to continue higher than the previous year in the fourth quarter.

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HAWAII MONTHLY LIVESTOCK REVIEW

Published on September 13, 2007 in General Ag News and Notes and Livestock.

Here is the PDF file for the Hawaii Monthly Livestock Review Report.

lvstk091307.pdf

Please visit the website for more information: http://www.nass.usda.gov/hi/

————————————————————-
Contact Information:
Mark E. Hudson, Director
USDA NASS Hawaii Field Office
1421 South King Street
Honolulu, HI 96814-2512

Office: (808) 973-9588 / (800) 804-9514
Fax: (808) 973-2909
————————————————————-

Hawaii Monthly Livestock Review

National Agricultural Statistics Service

September 13, 2007

In Cooperation with the Hawaii Department of Agriculture
Hawaii Field Office ? 1428 South King Street ? Honolulu, HI 96814-2512 ? 1-(800)-804-9514 ? www.nass.usda.gov

July Egg Production Down 19 Percent From A Year Ago
Hawaii egg production totaled 7.0 million (19,444 cases) in July 2007, down 19 percent from July 2006. The average number of layers on hand during July 2007 was estimated at 369,000, up fractionally from June 2007 and down 16 percent from July 2006. The average rate of lay during July 2007 was 1,897 per 100 layers (61.2 percent rate of lay), down 3 percent from July 2006.

Total Cattle Marketings and Exports

Cattle Marketings Up 31 Percent From 2006
Total cattle marketings for July 2007 is estimated at 3,800 head, up 31 percent from July 2006. Cumulative cattle marketings for the first seven months of 2007 totaled 31,700 head, down 3 percent from the same period a year ago.

Exports up 40 percent in July compared to year ago
Exports of steers and heifers totaled 2,800 head in July 2007, up 40 percent from a year ago. Exports of steers totaled 1,400 head during July 2007, up 17 percent compared to a year ago. Total export of heifers also increased in July 2007 compared to a year ago at 1,400 head, a 75 percent increase. Cumulative exports of steers and heifers through July 2007 totaled 25,300 head, down 5 percent from the same period a year ago. Cumulative exports of steers for 2007 stands at 14,700 head, down 5 percent from 2006. Exports of heifers were also down 5 percent for the first seven months of 2007 at 10,600 head. Exports of other classes of cattle were not included.

Average live weight up 2 percent
The average live weight of steers and heifers exported from Hawaii in July 2007 was 428 pounds, up 2 percent from July 2006?s average live weight of 420 pounds.

Cattle and Hogs Commercial Slaughter

Commercial Beef Production Down 4 Percent
Hawaii commercial beef production (local slaughter) during July 2007 totaled 516,000 pounds, down 4 percent from July 2006. Cumulative beef production (local slaughter) through July 2007 totaled 3.7 million pounds, up 5 percent from a year ago. Commercial kill totaled 900 head in July, unchanged from July 2006. Average live weight per head was 1,023 pounds in July 2007, down 4 percent from the average live weight per head in July 2006. Commercial Pork Production Down 10 Percent
Hawaii commercial pork production during July 2007 totaled 291,000 pounds, down 10 percent from July 2006. Cumulative pork production for the first seven months of 2007 totaled 2.0 million pounds, down 10 percent from a year ago. Total hog kill was 1,800 head in July 2007, down 5 percent from a year ago. Average live weight per head was 211 pounds in July 2007, down 9 percent from the 232-pound average a year ago.

Milk Cows and Milk Production

July Milk Production Down 48 Percent From Year Ago
Hawaii?s dairy cows produced 2.6 million pounds of milk in July 2007, down 48 percent from a year ago. Cumulative milk production for the first seven months of 2007 totaled 24.3 million pounds, down 31 percent from the same period in 2006.

July?s Cow Herd Down 37 Percent From Year Ago
Hawaii?s cow herd, both dry and milking, numbered 2,700 head in July 2007, unchanged from June 2007 and down 37 percent from July 2006.

Milk Per Cow Decreases
Average milk per cow is estimated at 1,000 pounds for July 2007, down 14 percent from last July?s average of 1,165 pounds per cow.

Average Farm Prices

Most July Livestock Prices Above Year-ago Averages

Steers and heifers
The average dress weight farm price for steers and heifers is estimated at 99.5 cents per pound for July 2007, up half-a-cent from June and 1.5 cents per pound higher than a year ago.

Cows
The average dress weight farm price for cows is estimated at 55.0 cents per pound in July 2007, unchanged from June. Compared to a year ago, the average dress weight farm price for cows was 3.0 cents per pound higher in July 2007.

Market hogs
The average dress weight farm price for market hogs is estimated at $1.25 per pound for July 2007, 8 cents per pound higher than June 2007. Compared to a year ago, the dressed weight for market hogs was down 5.0 cents per pound this July.

Milk
The average farm price for milk was $29.90 per hundredweight during July 2007, up $2.20 from June 2007. Compared to a year ago, the July 2007 average farm price for milk was $5.00 per hundredweight higher.

Eggs
The average farm price for a dozen eggs was $1.05 in July 2007, up 1 percent from June 2007. Compared to a year ago, the average farm price for a dozen eggs was up 8 percent in July.

U.S. Livestock Roundup

NASS

Commercial red meat production for the United States totaled 3.94 billion pounds in July, up 4 percent from the 3.79 billion pounds produced in July 2006.

Beef production, at 2.26 billion pounds, was 2 percent above the previous year. Cattle slaughter totaled 2.90 million head, up 2 percent from July 2006. The average live weight was down 4 pounds from the previous year, at 1,269 pounds.

Veal production totaled 10.7 million pounds, 5 percent below July a year ago. Calf slaughter totaled 62,600 head, up 8 percent from July 2006. The average live weight was down 36 pounds from last year, at 289 pounds.

Pork production totaled 1.66 billion pounds, up 7 percent from the previous year. Hog kill totaled 8.40 million head, up 7 percent from July 2006. The average live weight was up 1 pound from the previous year, at 264 pounds.

Lamb and mutton production, at 13.5 million pounds, was up 2 percent from July 2006. Sheep slaughter totaled 204,700 head, 1 percent above last year. The average live weight was 131 pounds, up 1 pound from July a year ago.

U.S. egg production totaled 7.57 billion during July 2007, down 1 percent from last year. Production included 6.44 billion table eggs, and 1.14 billion hatching eggs, of which 1.07 billion were broiler-type and 66 million were egg-type. The total number of layers during July 2007 averaged 339 million, down 1 percent from last year. July egg production per 100 layers was 2,234 eggs, down slightly from July 2006.

All layers in the U.S. on August 1, 2007 totaled 340 million, down slightly from last year. The 340 million layers consisted of 281 million layers producing table or market type eggs, 56.2 million layers producing broilertype hatching eggs, and 2.72 million layers producing egg-type hatching eggs. Rate of lay per day on August 1, 2007, averaged 72.1 eggs per 100 layers, up 1 percent from August 1, 2006.

Excerpts from Livestock Slaughter (August 24, 2007) and Chickens and Eggs (August 21, 2007) releases.

ERS – ECONOMIC RESEARCH SERVICE

Cattle/Beef: NASS? Cattle report showed virtually all July 1, 2007 inventories down from July 1, 2006. The report indicates that cattle inventory growth has stalled, at best, or peaked, at worst, for the cattle cycle that first expanded in 2005, up from a cyclical low cattle and calf inventory of 103.6 million head on July 1, 2004 (including a low total cow inventory of 42.4 million head). The last cycle with a short expansion phase occurred during the cycle that began from a low point on January 1, 1979, peaked in 1982 after only 3 years of cattle inventory expansion, and ended at a low point in 1990 after 8 years of liquidation. As a result, beef production could be below 26 billion pounds for 2008 and 2009, which would be slightly below 2007 production, and will depend on average dressed weights and breeding heifer retention.

Hogs and Pork: Third-quarter commercial pork production is expected to be almost 5.3 billion pounds, about 3.2 percent above third quarter last year. Thirdquarter prices of live equivalent 51-52 percent lean hogs are forecast to range between $50 and $52 per hundredweight (cwt). Pork exports in the first half of 2007 were 4 percent lower than a year ago.

Dairy: Global demand for dairy products, especially nonfat dry milk, butter, and whey, will likely keep prices high this year and next despite increased domestic production in 2008.

Poultry: After falling in the first and second quarters, broiler meat production is expected to increase on a year-over-year basis in the second half of 2007. Prices for broiler products are expected to moderate as production increases. Turkey meat production continues to grow, but strong domestic demand and exports have kept stocks low and prices above those of the previous year.

Sheep and Lamb: The USDA Sheep and Goats report released on July 20, 2007 indicated a decline in inventories. On July 1, 2007, the U.S. sheep and lamb inventory totaled 7.73 million head, down slightly from 2006, but still about 1 percent above the July 1, 2004 bottom. Slight inventory reductions were seen in all of the major categories: breeding sheep, market sheep, and replacement lambs. Heavier-than-normal liquidation continues to take place in Texas and New Mexico, the region hit by severe drought in 2006. Despite these declines, the 2007 lamb crop showed year-over-year increases.

Excerpt from Livestock, Dairy, & Poultry Outlook/LDP-M- 158/August 20, 2007 Economic Research Service, USDA.

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Closed Tags: agricultural data, agriculture, cattle, dairy, declines, department of agriculture, drought, egg production, hawaii, milk, MON, national agricultural statistics service, slaughter, steers, stock, usda nass.

Hawaii Agricultural Labor Report

Published on August 27, 2007 in General Ag News and Notes and Labor.

Here is the PDF file for the *Hawaii Agricultural Labor* Report.

aglabor082707.pdf

Please visit the website for more information: http://www.nass.usda.gov/hi/

USDA NASS Hawaii Field Office
1421 South King Street
Honolulu, HI 96814-2512
1-800- 804-9514

Hawaii Agricultural Labor

In Cooperation with the Hawaii Department of Agriculture

Number of hired workers down 10 percent

Hawaii?s agricultural hired work force totaled 6,300 during the July 8-14, 2007 survey week, down 10 percent from a year ago. Diversified agricultural workers accounted for 81 percent of all farm labor and at 5,100 workers, it was down 5 percent from July 2006. Pineapple and sugarcane workers were combined to avoid disclosure of individual operations and totaled 1,200 workers (does not include mill or cannery workers) during the July 8-14, 2007 survey week, down 27 percent from July 2006.

Average wage rate up 7 percent

The average wage paid to all hired workers during the July survey period was a record-high $12.87 per hour, 56 cents higher than July 2006. The combined average wage for field and livestock workers also reached a new record high at $10.89 per hour, up 51 cents from July 2006. Hawaii farms employing from 1 to 9 workers paid an average of $10.90 per hour for all hired workers, while the combined average wage for field and livestock workers was $10.28 an hour.

U.S. hired workers up 1 percent from a year ago

There were 1,205,000 hired workers on the Nation?s farms and ranches during the week of July 8-14, 2007, up 1 percent from a year ago. Of these hired workers, 847,000 workers were hired directly by farm operators. Agricultural service employees on farms and ranches made up the remaining 358,000 workers.

Farm operators paid their hired workers an average wage of $10.04 per hour during the July 2007 reference week, up 32 cents from a year earlier. Field workers received an average of $9.31 per hour, up 38 cents from last July, while livestock workers earned $9.80 per hour compared with $9.49 a year earlier. The field and livestock worker combined wage rate, at $9.44 per hour, was up 37 cents from last year.

The number of hours worked averaged 41.6 hours for hired workers during the survey week, up 1 percent from a year ago.

Source: Farm Labor, August 17, 2007, National Agricultural Statistics Service (NASS), Agricultural Statistics Board, U.S. Department of Agriculture.

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Closed Tags: agriculture, cannery, department of agriculture, hawaii, mpl, national agricultural statistics service, pine, Pineapple, stock, SUGAR, usda nass.

Hawaii Monthly Livestock Review

Published on August 9, 2007 in General Ag News and Notes and Livestock.

Here is the PDF file for the *Hawaii Monthly Livestock Review *Report.

lvstk080907.pdf

Please visit the website for more information: http://www.nass.usda.gov/hi/

————————————————————-
Contact Information:
Mark E. Hudson, Director
USDA NASS Hawaii Field Office
1421 South King Street
Honolulu, HI 96814-2512

Office: (808) 973-9588 / (800) 804-9514
Fax: (808) 973-2909
————————————————————-

“HAWAII MONTHLY LIVESTOCK REVIEW” reports are available on our website http://www.nass.usda.gov/hi/ and also PRINTED monthly. Subscriptions for PRINTED copies are free to those persons who report agricultural data to NASS (upon request) and available for $4 per year to all others.

Hawaii Monthly Livestock Review

June Egg Production Down 16 Percent From A Year Ago

Hawaii egg production totaled 6.9 million (19,167 cases) in June 2007, down 16 percent from June 2006. The average number of layers on hand during June 2007 was estimated at 368,000, up fractionally from May 2007 and down 17 percent from June 2006. The average rate of lay during June 2007 was 1,875 per 100 layers (62.5 percent rate of lay), up 2 percent from June 2006.

Total Cattle Marketings and Exports

June Cattle Marketings Down 30 Percent From 2006

Total cattle marketings for June 2007 is estimated at 4,000 head, down 30 percent from June 2006. Cumulative cattle marketings for the first six months of 2007 totaled 27,900 head, down 7 percent from the same period a year ago.

Exports down 38 percent from year ago

Exports of steers and heifers totaled 3,000 head in June 2007, down 38 percent from a year ago. Exports of steers totaled 1,800 head during June 2007, down 33 percent compared to a year ago. Total export of heifers also declined in June 2007 compared to a year ago at 1,200 head, a 43 percent decrease. Cumulative exports of steers and heifers through June 2007 totaled 22,500 head, down 9 percent from the same period a year ago. Cumulative exports of steers for 2007 stands at 13,300 head, down 7 percent from 2006. Exports of heifers showed a larger decrease through the first six months of 2007 at 9,200 head or down 12 percent from a year ago. Exports of other classes of cattle were not included.
Continue reading ‘Hawaii Monthly Livestock Review’

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Closed Tags: acreage, ADM, agricultural data, agriculture, cattle, dairy, declines, egg production, hawaii, milk, MON, national agricultural statistics service, slaughter, steers, stock, usda nass.

Hawaii Monthly Livestock Review

Published on July 12, 2007 in General Ag News and Notes and Livestock.

Here is the PDF file for the *Hawaii Monthly Livestock Review* Report.

lvstk071207.pdf

Please visit the website for more information: http://www.nass.usda.gov/hi/

————————————————————-
Contact Information:
Mark E. Hudson, Director
USDA NASS Hawaii Field Office
1421 South King Street
Honolulu, HI 96814-2512

Office: (808) 973-9588 / (800) 804-9514
Fax: (808) 973-2909
————————————————————-

“HAWAII MONTHLY LIVESTOCK REVIEW” reports are available on our website http://www.nass.usda.gov/hi/ and also PRINTED monthly. Subscriptions for PRINTED copies are free to those persons who report agricultural data to NASS (upon request) and available for $4 per year to all others.

May Egg Production Down 17 Percent From A Year Ago
Hawaii egg production totaled 6.9 million (19,167 cases) in May 2007, down 17 percent from May 2006. The average number of layers on hand during May 2007 was estimated at 367,000, down 3 percent from April 2007 and down 18 percent from May 2006. The average rate of lay during May 2007 was 1,880 per 100 layers (60.6 percent rate of lay), up 1 percent from May 2006

May Cattle Marketings Up 10 Percent From 2006
Total cattle marketings for May 2007 is estimated at 7,500 head, up 10 percent from May 2006. Cumulative cattle marketings for 2007 through May totaled 24,000 head, down 1 percent from the same period a year ago.

May exports up 12 percent from year ago
Exports of steers and heifers totaled 6,500 head in May 2007, up 12 percent from a year ago. Exports of steers totaled 3,900 head during May 2007, 3 percent higher than a year ago. Total export of heifers was also higher in May 2007 compared to a year ago at 2,600 head, a 30 percent increase. Cumulative exports for 2007 totaled 19,500 head of steers and heifers through May, down 2 percent from the same period a year ago. Cumulative exports of steers for 2007 stands at 11,500 head, down 1 percent from 2006. Exports of heifers showed a larger decrease through the first five months of 2007 at 8,000 head or down 4 percent from a year ago. Exports of other classes of cattle were not included.

Average live weight up 2 percent
The average live weight of steers and heifers exported from Hawaii in May 2007 was 418 pounds, up 2 percent from May 2006?s average live weight of 412 pounds.

Commercial Beef Production Up 5 Percent
Hawaii commercial beef production (local slaughter) during May 2007 totaled 582,000 pounds, up 5 percent from May 2006. Cumulative beef production (local slaughter) through May 2007 totaled 2.6 million pounds, up 7 percent from a year ago. Commercial kill totaled 1,000 head in May, unchanged from May 2006. Average live weight per head was 1,085 pounds in May 2007, up 6 percent from the average live weight per head in May 2006.

Commercial Pork Production Down 5 Percent
Hawaii commercial pork production during May 2007 totaled 316,000 pounds, down 5 percent from May 2006. Cumulative pork production for the first five months of 2007 totaled 1.4 million pounds, down 7 percent from a year ago. Total hog kill was 1,900 head in May 2007, down 5 percent from a year ago. Average live weight per head was 219 pounds in May 2007, down 4 percent from the 227-pound average a year ago.

May Milk Production Down 35 Percent From Year Ago
Hawaii?s dairy cows produced 3.3 million pounds of milk in May 2007, down 35 percent from a year ago. Cumulative milk production for the first five months of 2007 totaled 18.9 million pounds, down 25 percent from the same period in 2006.

May?s Cow Herd Down 26 Percent From Year Ago
Hawaii?s cow herd, both dry and milking, numbered 3,200 head in May 2007, unchanged from April 2007 but down 26 percent from May 2006. Average milk per cow is estimated at 1,020 pounds for May 2007, down 14 percent from last May?s average of 1,185 pounds per cow.

Average Farm Prices

Most Livestock Prices Remain Higher Than Year-ago Averages

Steers and heifers
The average dress weight farm price for steers and heifers is estimated at 99.0 cents per pound for May 2007, down 1 percent from April 2007 but unchanged compared to a year ago.

Cows
The average dress weight farm price for cows is estimated at 55.0 cents per pound in May 2007, up 2 percent from April. Compared to a year ago, the average dress weight farm price for cows was up a penny from May 2006.

Market hogs
The average dress weight farm price for market hogs is estimated at $1.17 per pound for May 2007, down 2 percent from April 2007. Compared to a year ago, the dressed weight for market hogs was down 8 percent this May.

Milk
The average farm price for milk was $27.40 per hundredweight during May 2007, up 1 percent from April 2007. Compared to a year ago, the May 2007 average farm price for milk was 10 percent higher.

Eggs
The average farm price for a dozen eggs was $1.12 in May 2007, up 2 percent from April 2007 and 14 percent higher than a year ago.

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Biofuels News

Published on May 22, 2007 in Biofuels and General Ag News and Notes.

May 21, 2007
Hawaii: a return to the land, for fuel
By Matt Villano
LAHAINA, Hawaii – Here on the West Side of Maui, where lush mountainsides and the warm waters of the Alalakeiki Channel juxtapose increasingly crowded roadways and a spate of new luxury hotels, the push for renewable energy has found an unlikely advocate: the chief executive of one of the most aggressive developers on the island.
The real estate maven, David Cole, has used his position as head of Maui Land and Pineapple, a land holding and operating company, to promote sustainable development. The effort harks back to Hawaii?s past, with plans to return some farmland to production ? this time for energy rather than food ? after so many years in which the state turned its back on its agricultural history in a headlong rush into tourism and real estate.

Perhaps the most notable effort is Hawaii BioEnergy, an international consortium that includes two other local landowners, Tarpon Investimentos, an investment company in Bermuda, and Brasil Bioenergia, an energy company in S?o Paulo.

The consortium, which also involves the co-founder of America Online, Stephen M. Case, and the venture capitalist Vinod Khosla, took form last July with the goal to make Hawaii, which has long had to pay high prices for imported fuel, largely energy-independent.

?As islanders, we?ve had to provide for our own survival for hundreds and hundreds of years,? said Mr. Cole, 55, who was raised on Oahu but spent most of his adult life on the mainland before coming to Maui in 2003.

?Now that the technology exists to turn some of our natural resources into energy, there?s no reason we should be getting energy from anywhere else,? he said.

While companies on the mainland are subsidized to produce ethanol from corn, Hawaiian companies and Hawaii BioEnergy are turning to other materials, particularly sugar cane, which are potentially far more efficient sources of ethanol per input of energy and raw material than corn.

Statistics from the Department of Energy, the Renewable Fuels Association in Washington and evidence from Brazil?s experience indicate that ethanol from sugar cane is considerably cheaper to produce than ethanol from corn, a savings that potentially could trickle down to consumers in the form of lower energy bills.

Even without these numbers, the business case for investing in alternative energy in Hawaii is compelling. The Hawaiian archipelago relies on imported oil for nearly 90 percent of its energy needs, making it one of the most expensive places in the nation to buy gasoline and pay for electricity and heat.

In May 2006, Hawaii passed a bill requiring that 20 percent of all highway fuel demand by 2020 must be provided by renewable fuels like ethanol, biodiesel or hydrogen. Another bill under consideration in the State Legislature would allow biofuel processing centers to be permitted in agriculture districts and would develop a baseline percentage of energy feedstock to be grown in the state.

Charmaine Tavares, mayor of Maui County, which includes the islands of Maui, Lanai, Molokai and Kahoolawe, said the goals were ?admirable,? but noted that more immediate changes were necessary as well.

?Every time we pay our energy bills, we?re all aware of the need for renewable energy,? Ms. Tavares said. ?The year 2020 just seems pretty far away.?

Mr. Cole, whose company is one of the largest landowners on Maui, agreed. Last summer, after an eye-opening trip to Brazil, he took matters into his own hands.

With the help of Mr. Case, whom he met during a stint at America Online in the 1990s, Mr. Cole signed up Hawaiian landowners like Kamehameha Schools, an independent school system and the largest landowner in the state, and the Grove Farm Company, a 22,000-acre sugar cane plantation in eastern Kauai that is owned by Mr. Case.

The pair also enlisted help from companies overseas, and recruited Mr. Khosla, a co-founder of Sun Microsystems in 1982 who has become one of the biggest backers of renewable energy in the world. Hawaii BioEnergy was born.

Since then, these founding partners and Maui Land and Pineapple have invested nearly $1 million in cash and put a number of full-time employees to work running the business. They expect other investors to help raise an additional $50 million to $80 million to get the operation off the ground.

?When you consider the tropical weather and all the sun Hawaii gets, it is a perfect place to prove that fuels made from biomass can be cost-competitive,? Mr. Khosla said of the project.

Still, the real heart of this consortium is land. The three landowners own about 10 percent of the arable soil in the state: 450,000 acres in all.

Though most of this soil is fallow today, Mr. Case wrote in a recent e-mail exchange that the partners plan to combine contiguous parcels, coordinate planting, harvesting and processing operations, and maximize economies of scale.

?These efforts are not without risk, but anything important has risks,? he wrote of the Hawaii BioEnergy plan. ?Hawaii?s first act was agriculture, and the second act was tourism. Now it is time for the third act, Hawaii 3.0.?

By some accounts, this new era is already under way. From a conference room at the understated Maui Land and Pineapple headquarters in Kahalui, Mr. Cole recently reviewed a new Hawaii BioEnergy feasibility study for producing ethanol from sugar cane on Maui, noting that the consortium could begin plant construction as soon as 2010.

Ultimately, he said, the plant would produce 27 million to 28 million gallons of ethanol a year, and would use the fuel to defray its own energy costs and to sell elsewhere in the state. He added that the group has explored other potential sources for ethanol, including soybeans, switch grass and a type of elephant grass called miscanthus.

Mr. Cole noted that the consortium also looked into producing ethanol from potential ?co-products? of the fuel-making process, including electricity from bagasse (the residue produced after crushing sugar cane), biodiesel from algae nourished by carbon dioxide off-take in the distillation process and animal feeds from the residual algae stream. All together, burning this additional ethanol could add another 25 to 30 megawatts of sustainable power capacity, Mr. Cole said.

?Part of our conception is that we get the most out of the project by making all waste streams into food streams for something else,? Mr. Cole explained. ?Before we invest in a particular technology, we want to be sure we?re investing in the technology that will give us the biggest and broadest return.?

To be sure, Hawaii BioEnergy is not the only partnership interested in renewable energy; elsewhere, the state?s two remaining sugar cane companies are exploring renewable energy efforts of their own.

On Kauai, for example, the cane producer Gay & Robinson recently received a state permit to build a $36 million ethanol plant in the town of Pakala as part of a joint venture with a local energy company. The other concern, the Maui-based Hawaiian Commercial and Sugar, is also investigating renewable fuels.

Because these companies currently combine to harvest 270,000 tons of sugar cane each year, they may be closer to actually producing renewable energy than Hawaii BioEnergy is. Alan Kennett, president and general manager of Gay & Robinson, suggested that his company could begin ethanol production as early as next year.

David Pimentel, professor of ecology and agricultural sciences at Cornell University in Ithaca, N.Y., said the fact that there would soon be various options for renewable energy in Hawaii was a step in the right direction.

?Any investment in renewable energy is a good investment,? he said. ?Beyond that, Hawaii should be practicing general conservation with smaller cars, less air-conditioning and decreased consumption over all.?

If anybody understands the need for conservation in Hawaii, Mr. Cole does. A stocky man with a graying goatee, he grew up in Kailua, a suburb of Honolulu, hiking through tropical forests and hanging out on beaches with friends. His first job on the island was delivering copies of The Honolulu Advertiser. He attended the University of Hawaii as an undergraduate.

Mr. Cole left Maui for law school on the mainland in the 1970s. Though he spent almost 30 years there before returning to head Maui Land and Pineapple in 2003, his love for the local environment still runs deep; he regularly rhapsodizes about the beauty of dawn, the sweet sounds of birds and the annual migration of humpback whales.

He also serves as chairman of the Hawaii Nature Conservancy.

Mr. Cole has extended these pro-environment ideals to many of his business decisions. This year, when construction crews dismantled the former Kapalua Bay Hotel, which is owned by a subsidiary of Maui Land and Pineapple, Mr. Cole required them to reuse 97 percent of the material in the company?s new offices.

Instead of recycling, he called the process ?upcycling,? and noted that his desk was a door in its former life.

Planning the next development ? an upscale neighborhood on the slopes of Mount Haleakala called Haliimaile (pronounced hah-lee-ee-my-lee) ? Mr. Cole has commissioned architects to design the enclave to minimize vehicle use, create a natural water filtration system, and incorporate solar and wind energy so residents generate more power than they consume.

Though the neighborhood is still in the permitting process and probably years away, Mr. Cole said he hoped this kind of forward thinking, together with the efforts of Hawaii BioEnergy, would eventually inspire outsiders to look to Hawaii for ideas about responsible and sustainable development.

?The whole world is looking for models,? he said. ?Years from now, when people think about renewable energy, I want them to look here and say, ?If it worked for Hawaii, it can work for us.? ?

Source: New York Times

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HAWAII MONTHLY LIVESTOCK REVIEW

Published on April 5, 2007 in General Ag News and Notes and Livestock.

Here is the PDF file for the *Hawaii Monthly Livestock Review *Report.

lvstk040507.pdf

Please visit the website for more information: http://www.nass.usda.gov/hi/

————————————————————-
Contact Information:
Mark E. Hudson, Director
USDA NASS Hawaii Field Office
1421 South King Street
Honolulu, HI 96814-2512

Office: (808) 973-9588 / (800) 804-9514
Fax: (808) 973-2909
————————————————————-

February Egg Production Down 19 Percent From A Year Ago

Hawaii egg production totaled 6.4 million (17,778 cases) in February 2007, down 19 percent from February 2006. The average number of layers on hand during February 2007 was estimated at 395,000, down 2 percent from January and down 17 percent from February 2006.

The average rate of lay during February 2007 was 1,620 per 100 layers (57.9 percent rate of lay), down 3 percent from February 2006.

February Cattle Marketings Down 32 Percent From 2006

Total cattle marketings for February 2007 is estimated at 2,300 head, down 32 percent from February 2006. Cumulative cattle marketings for the first two months of 2007 totaled 8,100 head, down 15 percent from a year ago.

February exports down 42 percent from year ago

Exports of steers and heifers totaled 1,500 head in February 2007, down 42 percent from a year ago. During the first two months of 2007, 6,400 head have been exported, down 19 percent from the same period a year ago. A breakdown of February 2007 exports shows that both categories of cattle experienced a decline. At 700 head, February 2007 exports of steers were down 42 percent from February 2006. Exports of heifers also totaled 700 head in February 2007, down 50 percent from last February. Exports of other classes of cattle were not included.

Average live weight up 4 percent

The average live weight of steers and heifers exported from Hawaii in February 2007 was 446 pounds, up 16 percent or 61 pounds from a year ago. Commercial Beef Production Up 7 Percent Hawaii commercial beef production (local slaughter) during February 2007 totaled 478,000 pounds, up 7 percent from February 2006. Cumulative beef production (local slaughter) for the first two months of 2007 totaled 1.0 million pounds, up 13 percent from a year ago. Commercial kill totaled 800 head in February, unchanged from the February 2006?s total of 800 head. Average live weight per head increased to 1,093 pounds in February 2007, 3 percent heavier than in February 2006.

Commercial Beef Production

Up 7 Percent Hawaii commercial beef production (local slaughter) during February 2007 totaled 478,000 pounds, up 7 percent from February 2006. Cumulative beef production (local slaughter) for the first two months of 2007 totaled 1.0 million pounds, up 13 percent from a year ago. Commercial kill totaled 800 head in February, unchanged from the February 2006?s total of 800 head. Average live weight per head increased to 1,093 pounds in February 2007, 3 percent heavier than in February 2006.

Commercial Pork Production Down 8 Percent

Hawaii commercial pork production during February 2007 totaled 254,000 pounds, down 8 percent from February 2006. Cumulative pork production during the first two months of 2007 totaled 535,000 pounds, down 8 percent from a year ago. Total hog kill was 1,500 head in February 2007, down 12 percent from a year ago. Average live weight per head was 219 pounds in February 2007, down 2 percent from the 224-pound average a year ago.

Hawaii County

Hilo and Puna districts saw an increase in new grass growth as temperatures slowly began to rise and days lengthen. Ranchers reported adequate water supplies in streams as well as in stock ponds. Cattle and calves were in good condition with no unusual losses being reported.

Ka`u district pastures were in fair to good condition as soil moisture was adequate. Lower elevation pastures were fairly green, but growth was slow. Pahala pastures were beginning to show stress from low moisture. Further south, rainfall was more plentiful and grass growth was evident in the Kahuku and South Point areas.

North and South Kona districts received good showers early in the month, but new grass growth could not be sustained due to the rapid decrease in soil moisture due to dry weather. Pastures in the upper slopes experienced cloudy skies, cool afternoons, and showers which helped to spur re-growth. Coastal and low elevation pastures were very dry with only dry feed available for grazing. Prospects for new grass growth were poor. Stock water supplies were low.

North and South Kohala districts experienced heavy showers in isolated areas at the start of the month. The Puukapu and Mana areas had new grass growth and available feed supplies were good. Cooler temperatures had a slight slowing effect on grass growth. Increased soil moisture in thenormally dry Lalamilo pastures boosted new grass growth. Leeward Kohala mountain pastures, that were brown from a lack of rain, were observed with new grass growth. Adequate soil moisture in the Kapaau and Hawi pastures helped to produce adequate feed supplies. South Kohala coastal areas had only dry standing feed and were in poor condition. Pastures below Waikii received good showers and had fair new grass growth. Upper Waikii and Kilohana pastures remained very dry. A brush fire blackened about 50 acres of dry rangeland in the Kilohana area.

Hamakua district pastures were in generally good condition. Warmer temperatures and increasingly longer days have spurred grass growth. Stock water supplies are mostly adequate as streams were flowing at near normal levels.

Maui County

Maui Island:

Pastures on the east side of Maui received beneficial showers, but cool temperatures prevented optimal growth. Some pastures have been re-seeded to increase the quality of forage. Overall, these pastures were in fair to good condition. Lower pastures in Ulupalakua were drying out and mice have become a concern. Upper elevation pastures were in fair condition, but rainfall is needed. Pastures in Keokea were still able to provide feed, although there is a greater percentage of dry forage. Lower elevation pastures in Kulawere drying out. There was still a good amount of dry forage available, but green forage was of inferior quality. Haiku pastures were in fair condition. Previously irrigated pastures in the central area of the Maui were drying out and did not appear to be receiving irrigation. Pastures in Kahakuloa were able to maintain steady re-growth due to occasional showers and decreased grazing pressure.

Honolulu County

Except for some interior sections, rainfall was below normal on Oahu. Pastures were in fair condition with some supplemental feeding being supplied.

Kauai County

Windward areas record near or above normal rainfall while leeward sections were below normal. Pastures were in fair to good conditions with lots of weeds in some areas. Livestock conditions were generally good.

1/ Rainfall stations were selected from the National Weather Service?s Hydronet system of automated rain gages. Featured stations may vary each month. All rainfall data has not been quality controlled, and therefore is not certified by the National Weather Service. A complete listing of Hydronet stations, rainfall gage location maps, and other rainfall data may be found at the National Weather Service?s hydrology homepage: http://www.prh.noaa.gov/hnl/pages/hydrology.php

February Milk Production Down 23 Percent From Year Ago

Hawaii?s dairy cows produced 3.7 million pounds of milk in February 2007, down 23 percent from a year ago. Cumulative milk production for the first two months of 2007 totaled 8.1 million pounds, down 20 percent from the same period in 2006.

February?s Cow Herd

Down 16 Percent From Year Ago Hawaii?s cow herd, both dry and milking, numbered 3,700 head in February 2007, down 3 percent from January 2007 and down 16 percent from February 2006. Average milk per cow is estimated at 1,000 pounds for February 2007, down 8 percent from last February?s average of 1,090 pounds per cow.

Livestock Prices Higher Than Year-ago

Steers and heifers

The average dress weight farm price for steers and heifers is estimated at 99.0 cents per pound for February 2007, unchanged from January. Compared to a year ago, the February 2007 average dress weight farm price was 2 cents higher.

Cows

The average dress weight farm price for cows is estimated at 54.0 cents per pound in February 2007, unchanged from January. Compared to a year ago, the average dress weight farm price for cows was 2 cents per pound higher in February 2007.

Market hogs

The average dress weight farm price for market hogs is estimated at $1.30 per pound for February 2007, unchanged from January. Compared to a year ago, the dressed weight for market hogs was up 15 cents per pound this February.

Milk

The average farm price for milk was $26.90 per hundredweight during February 2007, up 10 cents per hundredweight from January. February 2007?s farm price for milk was 3 percent higher than a year ago.

Eggs

The average farm price for a dozen eggs was $1.05 in February 2007, unchanged from January. Compared to a year ago, the farm price for a dozen eggs was 7 percent higher in February 2007.

Commercial red meat production for the United States totaled 3.62 billion pounds in February, up 4 percent from the 3.49 billion pounds produced in February 2006.

Beef production, at 1.95 billion pounds, was 7 percent above the previous year. Cattle slaughter totaled 2.56 million head, up 9 percent from February 2006. The average live weight was down 10 pounds from the previous year, at 1,274 pounds.

Veal production totaled 12.2 million pounds, 7 percent above February a year ago. Calf slaughter totaled 66,900 head, up 27 percent from February 2006. The average live weight was down 50 pounds from last year, at 307 pounds.

Pork production totaled 1.64 billion pounds, down slightly from the previous year. Hog kill totaled 8.12 million head, down slightly February 2006. The average live weight was down 2 pounds from the previous year, at 269 pounds.

Lamb and mutton production, at 14.4 million pounds, was down 2 percent from February 2006. Sheepslaughter totaled 204,400 head, 1 percent above last year. The average live weight was 140 pounds, down 4 pounds from February a year ago.

U.S. egg production totaled 6.91 billion during February 2007, down 1 percent from last year. Production included 5.92 billion table eggs, and 998 million hatching eggs, of which 937 million were broilertype and 61 million were egg-type. The total number of layers during February 2007 averaged 347 million, down 1 percent from last year. February egg production per 100 layers was 1,992 eggs, down slightly from February 2006.

All layers in the U.S. on March 1, 2007 totaled 347 million, down 1 percent from last year. The 347 million layers consisted of 288 million layers producing table or market type eggs, 56.5 million layers producing broilertype hatching eggs, and 2.82 million layers producing egg-type hatching eggs. Rate of lay per day on March 1, 2007, averaged 71.6 eggs per 100 layers, unchanged from March 1, 2006.

Excerpts from Livestock Slaughter (March 23, 2007) and Chickens and Eggs (March 23, 2007) releases.

Cattle/Beef: Low forage reserves continue to result in heavy cow and calf slaughter. Weekly year-to-date total calf slaughter is almost 28 percent above last year?s cumulative year-to-date total for the same period, while production is up only 6 percent. Farm-to-retail price spreads are increasing seasonally, along with increasing fed cattle and retail prices, and byproduct values are nearing record levels. Forecast beef exports for 2007, while up from the 2006 total, were reduced somewhat due to slow growth in shipments to major Asian markets.

Hogs/Pork: The USDA forecast for first-quarter 2007 commercial pork production was lowered 50 million pounds, to 5.325 billion pounds, due to slightly lower than expected slaughter and lower average dressed weights. First-quarter prices of live-equivalent 51-52 percent lean hogs are expected to range between $46 and $47 per hundredweight (cwt), more than 9 percent above first quarter a year ago. Hog prices will likely belower in the second half of this year as pork production accelerates seasonally and broiler production expands. U.S. packers and hog finishers are expected to import 9.35 million head of hogs from Canada this year, an increase of almost 7 percent over last year.

Dairy: Rapidly rising feed prices have limited production increases. The smaller production expansion in light of strong demand should boost prices for milk and dairy products in 2007. Exports of dry products continue to sharply raise prices in that segment of the market.

Poultry: With a decline in broiler meat production in January 2007, the estimate for first-quarter 2007 meat production was lowered by 75 million pounds to 8.75 billion pounds and the estimate for the second quarter was lowered by 50 million pounds, bringing the 2007 estimate to 35.9 billion pounds. Prices for almost all broiler products have strengthened considerably and are much higher than in the first 2 months of 2006. Turkey meat production in first-quarter 2007 isestimated at 1.41 billion pounds, up 4 percent from a year earlier. Even with the higher production and increased stock levels, prices for many turkey products were higher than at the start of 2006.

Poultry Trade: U.S. broiler exports finished strong in 2006, while turkey exports fell short. Broiler shipments were down, while turkey shipments were up, for January 2007. Broiler exports in January totaled 396 million pounds, a decline of 7 percent, while turkey exports totaled 42 million pounds, an increase of 13.3 percent from a year ago.

Sheep/Lamb: Typically, lamb demand exhibits some seasonality and is highest during the Passover/Easter holidays. As a result, production increases are expected in the weeks leading up to the holiday season. However, production for the first quarter 2007 is forecast 2 percent lower than for the same period last year. Choice Slaughter lamb prices at San Angelo have not seen significant increases despite lower production. Imports of lamb and mutton are expected to continue to increase, offsetting U.S. production declines.

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Hawaii Monthly Livestock Review

Published on March 9, 2007 in General Ag News and Notes and Livestock.

January Egg Production Down 17 Percent From A Year Ago

Hawaii egg production totaled 7.3 million (20,278 cases) in January 2007, down 17 percent from January 2006. The average number of layers on hand during January 2007 was estimated at 404,000, down 1 percent from December and down 15 percent from January 2006. The average rate of lay during January 2007 was 1,807 per 100 layers (58.3 percent rate of lay), down 2 percent from January 2006.

January Cattle Marketings Down 3 Percent From 2006

Total cattle marketings for January 2007 is estimated at 5,900 head, down 3 percent from January 2006.

January exports down 6 percent from year ago

Exports of steers and heifers totaled 5,000 head in January 2007, down 6 percent from a year ago. A breakdown of the exports shows that both categories experienced a decline in January. Steers accounted for 60 percent of January 2007?s export total with 3,000 head, down 3 percent from January 2006. Exports of heifers totaled 1,900 head in January 2007, down 14 percent from last January. Exports of other classes of cattle were not included.

Click the link below for the full PDF article:

030907lvstk.pdf

USDA NASS Hawaii Field Office
http://www.nass.usda.gov/hi/
1421 South King Street
Honolulu, HI 96814-2512
Office: (808) 973-9588 / (800) 804-9514
Fax: (808) 973-2909

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Hawaii Monthly Livestock Review

Published on February 8, 2007 in General Ag News and Notes and Livestock.

December Egg Production Down 16 Percent From A Year Ago

Hawaii egg production totaled 7.4 million (20,556 cases) in December 2006, down 16 percent from December 2005. The average number of layers on hand during December 2006 was estimated at 409,000, down 2 percent from November and down 15 percent from December 2005. The average rate of lay during December 2006 was 1,809 per 100 layers (58.4 percent rate of lay), down 2 percent from December 2005.

Expected vegetable acreage for harvest in February when compared with acreage harvested in January are expected to increase for Chinese cabbage (+9%), Head cabbage (+7%), dry onions (+67%), green onions (+60%), and romaine (+40%), while decreases in harvested acreage are expected for snap beans (-29%), mustard cabbage (-11%), and cucumbers (-3%). The expected acreage for harvest for the remaining crops were unchanged.

Cattle Marketings In December Up 19 Percent From A Year Ago

Total cattle marketings for December 2006 is estimated at 6,900 head, up 19 percent from December 2005. Cumulative marketings for 2006 totaled 48,400 head, down 2 percent from 2005.

December exports up 24 percent from year ago

Exports of steers and heifers totaled 6,100 head in December 2006, up 24 percent from a year ago. A breakdown of the exports shows that steers accounted for 57 percent of December 2006?s total with 3,500 head. Cumulative exports of steers were up 4 percent in 2006 compared to 2005. Exports of heifers totaled 2,600 head in December 2006, up 86 percent from last December. Cumulative exports of heifers during 2006 were down 18 percent to 14,600 head compared to last year?s total of 17,800 head. ? Average live weight down 3 percent The average live weight of steers and heifers exported from Hawaii in December 2006 was 420 pounds, down 5 percent or 22 pounds from a year ago. The cumulative average live weight for 2006 was 426 pounds, down 3 percent from last year.

Click the link below for the full PDF article:

lvstk020807.pdf

USDA NASS Hawaii Field Office
http://www.nass.usda.gov/hi/
1421 South King Street
Honolulu, HI 96814-2512
Office: (808) 973-9588 / (800) 804-9514
Fax: (808) 973-2909

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Maui Land & Pineapple Co.: Look Past the Pineapple — Seeking Alpha

Published on January 5, 2007 in General Ag News and Notes.

Land and Pineapple Co. (MLP)? HUH? That’s what I said, too, when I stumbled across the company a few months ago. Who would want to own this thing? A pineapple company? I hate pineapples.

Then I dug some more. Not surprisingly, the company’s pineapple business is mediocre at best. The company also operates another subsidiary, Kapalua Land Company, which manages the company’s scenic Kapalua Resort community. As per consolidated results, the company is generally profitable (although erratic in its earnings) and boasts AOL founder Steve Case as a large shareholder. But that’s not why I’m writing this.

It turns out the company currently owns around 27,500 acres (or 1.2 billion sq ft.) on the Hawaiian island of Maui. That’s a lot of land. And here’s the best part: all of that land is recorded at cost between – you’ll never believe it – 1911 and 1930! Just to remind you: Hawaii wasn’t even close to being a state around that time.

So what does that mean? How much is the land worth today? Well, it doesn’t take a genius to realize that land values in Hawaii have gone up at least a little bit in the past century. Unfortunately, the vast majority (around 22,500 acres) of the land is either mountainous, preserved, or used for agriculture, so it’s not [necessarily] easily salable or, for that matter, developable (if this use of “developable” is not a word, credit me for coining it).

Nonetheless, I’d quite precisely estimate the value of the land somewhere between a little and a whole lot (how’s that for perfection?), but still far more than its cost. Investors can also take solace in the fact that the company still owns an additional 9 miles of beachfront (read: prime) real estate, several PGA toured golf courses, a happening resort community, and who knows what else.

A very good post on the company and some valuation metrics can be found here if you scroll down, so I’ll save you from the technical discussion. The author, Clyde Milton, does as good a job as any in describing the company, and I highly recommend the reading (and the whole blog, for that matter).

Maui Land & Pineapple Co.: Look Past the Pineapple — Seeking Alpha

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Hawaii Agricultural Labor

Published on November 20, 2006 in General Ag News and Notes.

Hawaii?s agricultural hired work force totaled 7,000 during the October 8-14 2006 survey week, 3 percent more than a year ago, but unchanged from the previous survey week of July 9-15, 2006. Diversified agricultural workers accounted for 77 percent of all farm labor and at 5,400 workers, it was up 1 percent from July 2006. The sugarcane industry employed 650 farm workers (does not include mill workers) during the survey week, unchanged from July 2006. Farm workers in the pineapple industry decreased 5 percent from the previous quarter to 950 (does not include cannery workers).

Average wage rate up 6 percent

The average wage paid to all hired workers during the October survey period was a record high $12.47 an hour, 74 cents more than October 2005. The combined average wage for field and livestock workers also set a new record high at $10.69 an hour, 51 cents above a year ago.

Farms employing from 1 to 9 workers paid an average of $11.16 per hour for all hired workers, while the combined average wage for field and livestock workers was $9.78 an hour.

Full Report Here
http://www.nass.usda.gov/hi/speccrop/aglabor.pdf ?

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Hawaii’s ag-tourism valued at $33.9 million in 2003

Published on October 18, 2004 in Ag Tourism.

Hawaii Agricultural StatisticsFact finding for agriculture
HAWAII DEPARTMENT OF AGRICULTUREU.S. DEPARTMENT OF AGRICULTURE1428 S. KING STREETHONOLULU, HI 96814-2512(808) 973-9588FAX: (808) 973-2909

Hawaii Ag-Tourism

Released: October 18, 2004

Hawaii’s ag-tourism valued at $33.9 million in 2003
The value of Hawaii’s ag-tourism related activities (see definition below) is pegged at $33.9 million for 2003, up 30 percent from the $26.0 million generated in 2000. There were 187 farms Statewide that had ag-tourism related income during 2003, a 48 percent increase from 2000 as more farmers in Hawaii have opened-up their operations to the public; exposing visitors to the farm experience. Interest in ag-tourism appears to be strong as an additional 145 farms either started ag-tourism activities in 2004, or planned to in the future.The distribution of ag-tourism throughout the State has become more concentrated during the past four years as Hawaii county now accounts for 48 percent of the farms with ag-tourism and 37 percent of the total value. Maui county accounted for 23 percent of the farms and 20 percent of the value. Honolulu county had 16 percent of the farms and 25 percent of the value while Kauai county accounted for the remaining 13 percent of the farms and saw a boost in value to 18 percent of the total.?

County	Total farms		Farms with ag-tourism activity		Value of ag-tourism ($1,000)		Farms intending to conduct ag-tourism activities in the future
County	2000	2003	2000	2003	2000	2003	2000	2003
Hawaii	3,300	3,300	60	89	8,875	12,562	47	65
Honolulu	900	900	19	31	7,777	8,586	15	23
Kauai	500	500	16	24	2,103	5,949	6	20
Maui	800	800	31	43	7,288	6,772	16	37
State	5,500	5,500	126	187	26,043	33,869	84	145

Ag-tourism is a commercial enterprise on a working farm conducted for the enjoyment, education, and/or active involvement of the visitor, generating supplemental income for the farm. Activities such as producing and selling products directly from the farm, operating a bed and breakfast, conducting educational farm tours, offering horseback riding, festivals, concerts, and many other on-farm activities qualify as ag-tourism.

Hawaii and Kauai counties show big gains
Compared to four years ago, the county of Hawaii increased the value of ag-tourism by 42 percent, the second largest gain among all counties. A 48 percent increase in the number of farms with ag-tourism activity contributed to Hawaii county’s rise in value. Honolulu county saw a 63 percent increase in farms with ag-tourism and an increase in value of 10 percent. Kauai county registered the largest percentage increase by nearly tripling its ag-tourism value to $5.9 million in 2003. Maui county registered the only decline in the State during this 4-year period as receipts from ag-tourism decreased from $7.3 million in 2000 to $6.8 million in 2003, a 7 percent decline.Large operations generate most of ag-tourism’s value
Farms of all sizes conducted ag-tourism activities during 2003. These ag-tourism farms ranged from those with total farm sales of less than $2,500 a year to those well over $1 million per year. Large operations ($250,000 or more in total annual farm sales), however, accounted for most of the dollar value of ag-tourism. The top 20 percent of all farms with ag-tourism generated 91 percent of the total revenue.?

Although only approximately 3 percent of all Hawaii’s farms engaged in ag-tourism during 2003, the 48 percent increase in the number of ag-tourism operations between 2000 and 2003 is evidence that many see this as an opportunity to supplement their income and manage the risks inherent in farming.

Total value of all farm sales	Total number of farms ^1/	Number of farms with ag-tourism	Value of ag-tourism ($1,000)	Average value of ag-tourism per farm (Dollars)
Less than $2,500	1,402	49	44	898
$2,500 to $4,999	715	4	14	3,616
$5,000 to $9,999	914	15	108	7,182
$10,000 to $24,999	1,060	21	188	8,934
$25,000 to $49,999	506	22	416	18,891
$50,000 to $249,999	563	38	2,447	64,395
$250,000 to $499,999	105	7	1,298	185,429
$500,000 to $999,999	62	8	3,218	402,250
$1,000,000 or more	71	23	26,137	1,136,376
State Total	5,398	187	33,869	181,115

^1/ 2002 Census of Agriculture.

Sale of farm products leading source of ag-tourism income
Revenue from ag-tourism, which includes many various activities, was broken down into several categories. On-farm sales direct to farm visitors was the leading category, with $13.5 million, followed by retail sales (products from other farms or souvenir items), outdoor recreation, accommodations (bed and breakfast, meeting rooms, etc.), education, entertainment, and others.

Item	Type of ag-tourism activity							Totals ^3/
Item	Outdoor recreation	Educational tourism	On-farm sales	Retail sales ^1/	Accommo- dations ^2/	Entertain- ment	Other	Totals ^3/
Farms	?	?	?	?	?	?	?	?
2000	28	30	83	29	27	8	8	126
2003	34	30	103	38	33	8	6	187
Value ($1,000)	?	?	?	?	?	?	?	?
2000	5,875	353	8,444	6,700	2,252	775	1,644	26,043
2003	5,019	1,177	13,479	9,083	2,490	1,061	1,560	33,869

^1/ Products from other farms or souvenir items. ^2/ Bed and breakfast, meeting rooms, etc. ^3/ Unduplicated total number of farms.

Most ag-tourism operations plan to maintain or expand activities in the future
Seventy-nine percent of all ag-tourism operations in 2003 were planning to maintain or expand their operations in the future. Only 4 percent, or 8 farms, of the total indicated that they will discontinue or reduce their ag-tourism activities in the future. The 2003 Ag-tourism survey also showed that flower and/or nursery operations remained the most popular type of ag-tourism operation. Coffee and fruit farms were tied at a distant second.

Year	Future ag-tourism plans				Total
Year	Expand ag-tourism activities	Remain at current level	Discontinue or reduce ag-tourism activities	Uncertain	Total
?	Number of ag-tourism farms
2000	60	41	7	18	126
2003	61	86	8	32	187

Year	Type of farm ^1/							Total
Year	Fruit	Vegetable	Coffee	Macadamia nut	Flower/ Nursery	Livestock	Other	Total
?	Number of ag-tourism farms
2000	12	8	25	5	35	30	11	126
2003	30	18	30	14	38	26	31	187

^1/ A predominate commodity was designated for farms reporting more than one commodity.

Additional features of Hawaii’s 2003 ag-tourism industry

- Busiest time of the year. . .slightly more than half, 51 percent, of the operations that reported ag- tourism activity in 2003 said that business was the same year round. Of the remaining responses, winter and summer were identified as the most significant peak periods, at 22 percent and 21 percent, respectively. Spring came in at 4 percent and fall at 2 percent.- Where do ag-tourism visitors come from?. . .mainland visitors constituted the highest percentage of ag-tourism visitors, at 53 percent, followed by Hawaii residents at 35 percent, and international visitors at 12 percent.?

- Problems faced by ag-tourism operators. . .farmers were asked to rank problems or obstacles they faced in start-up or operation of ag-tourism activities. Funding was ranked as the number one problem, followed by conflicts/interference with on-going farm activities. Marketing was the third most common problem, and liability issues and insurance was fourth. Other problems ranking in order were zoning restrictions, labor, building permits, signage restrictions and community/cultural oppositions.

- Point of sale…many operations received orders for products related to ag-tourism after the visitors returned home. Out of these, 74 percent of operations reported 0-25 percent of their sales from off-site orders, 21 percent of operations reported 26 to 50 percent, and 5 percent said that over 50 percent of their ag-tourism related sales came from off-site orders.

The Hawaii Agricultural Statistics office conducted a special survey of Hawaii’s farmers to obtain the results used in this report. We appreciate the cooperation of Hawaii’s agricultural producers who completed the survey questionnaire. A special note of thanks goes to the Agricultural Development Division of the Hawaii Department of Agriculture and the University of Hawaii’s College of Tropical Agriculture and Human Resources for their support on this project.

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Ethanol facility tax credit.

Published on April 4, 2004 in Biofuels and Legislative Snippets.

http://www.capitol.hawaii.gov/hrscurrent/Vol04_Ch0201-0257/
HRS0235/HRS_0235-0110_0003.htm

?235-110.3 Ethanol facility tax credit. (a) Each year during the credit period, there shall be allowed to each taxpayer subject to the taxes imposed by this chapter, an ethanol facility tax credit that shall be applied to the taxpayer’s net income tax liability, if any, imposed by this chapter for the taxable year in which the credit is properly claimed.

For each qualified ethanol production facility, the annual dollar amount of the ethanol facility tax credit during the eight-year period shall be equal to thirty per cent of its nameplate capacity if the nameplate capacity is greater than five hundred thousand but less than fifteen million gallons. A taxpayer may claim this credit for each qualifying ethanol facility; provided that:

(1) The claim for this credit by any taxpayer of a qualifying ethanol production facility shall not exceed one hundred per cent of the total of all investments made by the taxpayer in the qualifying ethanol production facility during the credit period;

(2) The qualifying ethanol production facility operated at a level of production of at least seventy-five per cent of its nameplate capacity on an annualized basis;

(3) The qualifying ethanol production facility is in production on or before January 1, 2012; and

(4) No taxpayer that claims the credit under this section shall claim any other tax credit under this chapter for the same taxable year.

(b) As used in this section:

“Credit period” means a maximum period of eight years beginning from the first taxable year in which the qualifying ethanol production facility begins production even if actual production is not at seventy-five per cent of nameplate capacity.

“Investment” means a nonrefundable capital expenditure related to the development and construction of any qualifying ethanol production facility, including processing equipment, waste treatment systems, pipelines, and liquid storage tanks at the facility or remote locations, including expansions or modifications. Capital expenditures shall be those direct and certain indirect costs determined in accordance with section 263A of the Internal Revenue Code, relating to uniform capitalization costs, but shall not include expenses for compensation paid to officers of the taxpayer, pension and other related costs, rent for land, the costs of repairing and maintaining the equipment or facilities, training of operating personnel, utility costs during construction, property taxes, costs relating to negotiation of commercial agreements not related to development or construction, or service costs that can be identified specifically with a service department or function or that directly benefit or are incurred by reason of a service department or function. For the purposes of determining a capital expenditure under this section, the provisions of section 263A of the Internal Revenue Code shall apply as it read on March 1, 2004. For purposes of this section, investment excludes land costs and includes any investment for which the taxpayer is at risk, as that term is used in section 465 of the Internal Revenue Code (with respect to deductions limited to amount at risk).

“Nameplate capacity” means the qualifying ethanol production facility’s production design capacity, in gallons of motor fuel grade ethanol per year.

“Net income tax liability” means net income tax liability reduced by all other credits allowed under this chapter.

“Qualifying ethanol production” means ethanol produced from renewable, organic feedstocks, or waste materials, including municipal solid waste. All qualifying production shall be fermented, distilled, gasified, or produced by physical chemical conversion methods such as reformation and catalytic conversion and dehydrated at the facility.

“Qualifying ethanol production facility” or “facility” means a facility located in Hawaii which produces motor fuel grade ethanol meeting the minimum specifications by the American Society of Testing and Materials standard D-4806, as amended.

(c) In the case of a taxable year in which the cumulative claims for the credit by the taxpayer of a qualifying ethanol production facility exceeds the cumulative investment made in the qualifying ethanol production facility by the taxpayer, only that portion that does not exceed the cumulative investment shall be claimed and allowed.

(d) The department of business, economic development, and tourism shall:

(1) Maintain records of the total amount of investment made by each taxpayer in a facility;

(2) Verify the amount of the qualifying investment;

(3) Total all qualifying and cumulative investments that the department of business, economic development, and tourism certifies; and

(4) Certify the total amount of the tax credit for each taxable year and the cumulative amount of the tax credit during the credit period.

Upon each determination, the department of business, economic development, and tourism shall issue a certificate to the taxpayer verifying the qualifying investment amounts, the credit amount certified for each taxable year, and the cumulative amount of the tax credit during the credit period. The taxpayer shall file the certificate with the taxpayer’s tax return with the department of taxation. Notwithstanding the department of business, economic development, and tourism’s certification authority under this section, the director of taxation may audit and adjust certification to conform to the facts.

If in any year, the annual amount of certified credits reaches $12,000,000 in the aggregate, the department of business, economic development, and tourism shall immediately discontinue certifying credits and notify the department of taxation. In no instance shall the total amount of certified credits exceed $12,000,000 per year. Notwithstanding any other law to the contrary, this information shall be available for public inspection and dissemination under chapter 92F.

(e) If the credit under this section exceeds the taxpayer’s income tax liability, the excess of credit over liability shall be refunded to the taxpayer; provided that no refunds or payments on account of the tax credit allowed by this section shall be made for amounts less than $1. All claims for a credit under this section must be properly filed on or before the end of the twelfth month following the close of the taxable year for which the credit may be claimed. Failure to comply with the foregoing provision shall constitute a waiver of the right to claim the credit.

(f) If a qualifying ethanol production facility or an interest therein is acquired by a taxpayer prior to the expiration of the credit period, the credit allowable under subsection (a) for any period after such acquisition shall be equal to the credit that would have been allowable under subsection (a) to the prior taxpayer had the taxpayer not disposed of the interest. If an interest is disposed of during any year for which the credit is allowable under subsection (a), the credit shall be allowable between the parties on the basis of the number of days during the year the interest was held by each taxpayer. In no case shall the credit allowed under subsection (a) be allowed after the expiration of the credit period.

(g) Once the total nameplate capacities of qualifying ethanol production facilities built within the State reaches or exceeds a level of forty million gallons per year, credits under this section shall not be allowed for new ethanol production facilities. If a new facility’s production capacity would cause the statewide ethanol production capacity to exceed forty million gallons per year, only the ethanol production capacity that does not exceed the statewide forty million gallon per year level shall be eligible for the credit.

(h) Prior to construction of any new qualifying ethanol production facility, the taxpayer shall provide written notice of the taxpayer’s intention to begin construction of a qualifying ethanol production facility. The information shall be provided to the department of taxation and the department of business, economic development, and tourism on forms provided by the department of business, economic development, and tourism, and shall include information on the taxpayer, facility location, facility production capacity, anticipated production start date, and the taxpayer’s contact information. Notwithstanding any other law to the contrary, this information shall be available for public inspection and dissemination under chapter 92F.

(i) The taxpayer shall provide written notice to the director of taxation and the director of business, economic development, and tourism within thirty days following the start of production. The notice shall include the production start date and expected ethanol fuel production for the next twenty-four months. Notwithstanding any other law to the contrary, this information shall be available for public inspection and dissemination under chapter 92F.

(j) If a qualifying ethanol production facility fails to achieve an average annual production of at least seventy-five per cent of its nameplate capacity for two consecutive years, the stated capacity of that facility may be revised by the director of business, economic development, and tourism to reflect actual production for the purposes of determining statewide production capacity under subsection (g) and allowable credits for that facility under subsection (a). Notwithstanding any other law to the contrary, this information shall be available for public inspection and dissemination under chapter 92F.

(k) Each calendar year during the credit period, the taxpayer shall provide information to the director of business, economic development, and tourism on the number of gallons of ethanol produced and sold during the previous calendar year, how much was sold in Hawaii versus overseas, feedstocks used for ethanol production, the number of employees of the facility, and the projected number of gallons of ethanol production for the succeeding year.

(l) In the case of a partnership, S corporation, estate, or trust, the tax credit allowable is for every qualifying ethanol production facility. The cost upon which the tax credit is computed shall be determined at the entity level. Distribution and share of credit shall be determined pursuant to section 235-110.7(a).

(m) Following each year in which a credit under this section has been claimed, the director of business, economic development, and tourism shall submit a written report to the governor and legislature regarding the production and sale of ethanol. The report shall include:

(1) The number, location, and nameplate capacities of qualifying ethanol production facilities in the State;

(2) The total number of gallons of ethanol produced and sold during the previous year; and

(3) The projected number of gallons of ethanol production for the succeeding year.

(n) The director of taxation shall prepare forms that may be necessary to claim a credit under this section. Notwithstanding the department of business, economic development, and tourism’s certification authority under this section, the director may audit and adjust certification to conform to the facts. The director may also require the taxpayer to furnish information to ascertain the validity of the claim for credit made under this section and may adopt rules necessary to effectuate the purposes of this section pursuant to chapter 91. [L 2000, c 289, ?2; am L 2004, c 140, ?2]

Note
The 2004 amendment applies to taxable years beginning after December 31, 2003. L 2004, c 140, ?4.

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Maui Land & Pineapple Reports 2009 1st Quarter Results

Hawaii Ag-Tourism

Hawaii Monthly Livestock Review

HAWAII MONTHLY LIVESTOCK REVIEW

Hawaii Agricultural Labor Report

Hawaii Monthly Livestock Review

Hawaii Monthly Livestock Review

Biofuels News

HAWAII MONTHLY LIVESTOCK REVIEW

Hawaii Monthly Livestock Review

Hawaii Monthly Livestock Review

Maui Land & Pineapple Co.: Look Past the Pineapple — Seeking Alpha

Hawaii Agricultural Labor

Hawaii’s ag-tourism valued at $33.9 million in 2003

Ethanol facility tax credit.

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