Kentucky ANR Agent Land Value and Cash Rent Survey AEC Greg Halich and Karen Pulliam

Size: px
Start display at page:

Download "Kentucky ANR Agent Land Value and Cash Rent Survey AEC 2013-16 Greg Halich and Karen Pulliam"

Transcription

1 Kentucky ANR Agent Land Value and Cash Rent Survey AEC Greg Halich and Karen Pulliam In the first half of 2013, Agriculture and Natural Resource (ANR) agents were surveyed to estimate land values and rental rates for various types of farmland. A total of 63 ANR agents completed this survey out of 120 counties, representing 53% of the state total. These responses were distributed between the three geographic regions as follows: Western KY (24), Central KY (24), and Eastern KY (15). These regions were further divided into a total of 8 sub-regions based on similar land attributes (see map on page 3). This document summarizes the results from the agent survey. Dollar values are rounded to the nearest $5-10 for rental rates and $100 for land values. There are several important points to make as to the validity of this survey and how it should be interpreted. First, the responses are the best estimates of the responding ANR agents. Thus there will be a certain amount of estimation error that should be expected in this data. Second, the reported figures in this document are averages of the county estimates aggregated at the region and sub-region level, not at the county level. There will be some counties in each sub-region whose average land values and rents are lower or higher than the stated sub-region average. Note also that there will be individual farms within a county whose land values or rental rates are considerably higher or lower than the average figure. Thus these figures are not intended to represent ranges of individual farms or tracts of land. They are simply averages for each region or sub-region. Actual land values and rental rates of individual farmland will be influenced heavily by productivity, accessibility, competition, and distance to markets. Third, the validity of these figures decreases as we move from region to sub-region. In particular, sub-regions with few responses should be used with caution (these can be found on the map on page 3). Also, because the responding counties change from year to year, the resulting averages may be influenced by the change in respondents, particularly around the urban areas of Lexington and Louisville where development or amenity value typically have more impact than actual farmland value on prices. Results: Land values varied considerably more than cash rents. This is because the development value far exceeds the farm value in urbanized counties while cash rents will typically reflect the value for agricultural purposes. Thus the Bluegrass sub-region around Lexington had the highest cropland values in the state, but had lower rental rates on cropland compare to most of western and southcentral Kentucky. Average cropland values at the sub-region level ranged from $ /acre, hay ground ranged from $ /acre, pasture ranged from $ /acre, and woodland ranged from $ /acre. In all cases the South-East sub-region had the lowest values and the Bluegrass sub-region had the highest values. Average sub-region cropland rent ranged from $80-260/acre on good ground, and $50-190/acre on fair ground. Average subregion tobacco rent ranged from $ /acre with a barn, and $ /acre without a barn. Average sub-region hay rent ranged from $35-70/acre on improved ground, and Kentucky ANR County Agent Land Value and Cash Rent Survey (2013) 1

2 $30-50/acre on unimproved ground. Average sub-region pasture rent ranged from $35-60/acre on improved ground, and $25-45/acre on unimproved ground. See the tables on the last page of this publication for detailed results of the survey. Survey Changes from 2012 to : Aggregated at the three regional levels, land values between the 2012 and 2013 surveys increased for cropland, hayground, pasture, and woodland in all three regions. Cropland values increased by $800/acre in the western region, $700/acre in the central region, and $150/acre in the eastern region. Hayground values increased by $300/acre in the western region, $700/acre in the central region, and $150/acre in the eastern region. Pasture values increased by $500/acre in the western region, $600/acre in the central region, and $50/acre in the eastern region. Woodland values increased by $250/acre in the western region, $200/acre in the central region, and $50/acre in the eastern region. Comparing cash rents between the 2012 and 2013 surveys is difficult because categories were changed for the 2013 survey. Cash rents for cropland were split into good and fair categories in Cash rents for hay and pasture were split into improved and unimproved categories in However, if we assume 50% of cropland was in the good and fair categories each we can come up with estimates. Using this assumption, cash rents for cropland showed significant increases throughout most of the state. This increase averaged about $30/acre in the western and central regions. At the sub-region level, the Mid West and South Central subregions showed the highest increases in cash rents for cropland at $40-45/acre, and the Bluegrass was the next highest with an increase of $35/acre. These increases in cash rents for cropland are likely due to the continued record profitability in the corn and soybean sector seen in the last few years that has resulted in increased demand for cropland. In previous years, western Kentucky saw the most dramatic increases in land rent. However, in this past year it appears that central Kentucky is starting to catch up. Three out of the four sub-regions with the highest increases in land rent were the three central Kentucky sub-regions. This survey finding validated anecdotal information that steep increases in land rents had been occurring in Central Kentucky during the past year, and that a number of large grain farmers were becoming very aggressive in bidding for land. ANR agents in western region have continued to note the conversion of hayground and pasture to cropland. This situation has been increasingly observed in the last two years in central Kentucky. By comparing land rents of improved hayground to fair cropland it is understandable why this is happening, and the trend will likely continue into the foreseeable future. 1 The changes noted here are based on 46 counties that responded to both the 2012 and 2013 surveys unless otherwise noted. This was done to try to remove potential response biases by providing a consistent baseline in the two surveys. Kentucky ANR County Agent Land Value and Cash Rent Survey (2013) 2

3 3

4 4

5 5

6 6

7 7

8 Regional Land Values in Kentucky Region Cropland Hay Pasture Woodland Western $4,700 $3,200 $3,100 $2,400 Central $4,400 $3,600 $3,100 $2,200 Eastern $2,700 $2,200 $2,000 $1,300 Per acre value based on 2013 survey of Agriculture and Natural Resource County Extension Agents. Total of 63 completed surveys. Region Regional Cash Rents in Kentucky Cropland (Good/Fair) Tobacco (With Barn/ Without Barn) Hay (Improved/ Non-Improved) Pasture (Improved/ Non-Improved) Western $220/160 $420/310 $60/45 $55/40 Central $190/130 $390/290 $55/35 $45/30 Eastern $100/70 $200/150 $45/30 $40/25 Per acre value based on 2013 survey of Agriculture and Natural Resource County Extension Agents. Total of 63 completed surveys. Sub-Regional Land Values in Kentucky Sub-Region Cropland Hay Pasture Woodland Far West $4,400 $3,200 $3,200 $2,600 Mid West $5,800 $3,700 $3,600 $2,600 Near West $3,200 $2,300 $2,100 $1,700 South Central $3,600 $2,700 $2,300 $1,600 Bluegrass $5,900 $4,900 $4,200 $3,300 North Central $3,700 $3,400 $2,800 $2,100 North East $3,000 $2,500 $2,100 $1,700 South East $2,500 $2,100 $1,900 $1,000 Per acre value based on 2013 survey of Agriculture and Natural Resource County Extension Agents. Total of 63 completed surveys. Sub-Region Sub-Regional Cash Rents in Kentucky Cropland (Good/Fair) Tobacco (With Barn/ Without Barn) Hay (Improved/ Non-Improved) Pasture (Improved/ Non-Improved) Far West $200/150 $450/350 $55/40 $55/45 Mid West $260/190 $440/330 $70/50 $60/45 Near West $180/120 $370/270 $55/35 $45/30 South Central $240/170 $370/280 $55/40 $45/30 Bluegrass $190/130 $350/310 $55/35 $40/25 North Central $140/110 $440/280 $60/35 $45/30 North East $140/100 $270/200 $55/35 $45/30 South East $80/50 $110/100 $35/30 $35/25 Per acre value based on 2013 survey of Agriculture and Natural Resource County Extension Agents. Total of 63 completed surveys. Kentucky ANR County Agent Land Value and Cash Rent Survey (2013) 8

3.3 Real Returns Above Variable Costs

3.3 Real Returns Above Variable Costs 3.3 Real Returns Above Variable Costs Several factors can impact the returns above variable costs for crop producers. Over a long period of time, sustained increases in the growth rate for purchased inputs

More information

Research verification coordinators collaborate with Arkansas Division of Agriculture crop specialists to determine a typical production method for

Research verification coordinators collaborate with Arkansas Division of Agriculture crop specialists to determine a typical production method for 1 2 3 Research verification coordinators collaborate with Arkansas Division of Agriculture crop specialists to determine a typical production method for application in the crop enterprise budgets. 4 Whole

More information

Estimating Cash Rental Rates for Farmland

Estimating Cash Rental Rates for Farmland Estimating Cash Rental Rates for Farmland Tenant operators farm more than half of the crop land in Iowa. Moreover, nearly 70 percent of the rented crop land is operated under a cash lease. Cash leases

More information

NATURAL REGIONS OF KENTUCKY

NATURAL REGIONS OF KENTUCKY NATURAL WONDERS As you travel around Kentucky taking pictures, you are excited by what you see. Kentucky offers diverse and amazing sights. The Six Regions In the West, you see the Mississippi River, the

More information

South Dakota Agricultural Land Market Trends 1991 2014. The 2014 SDSU South Dakota Farm Real Estate Survey

South Dakota Agricultural Land Market Trends 1991 2014. The 2014 SDSU South Dakota Farm Real Estate Survey research May 2014 South Dakota Agricultural Land Market Trends 1991 2014 The 2014 SDSU South Dakota Farm Real Estate Survey Dr. Larry Janssen, Dr. Kim Dillivan and Mr. Bronc McMurtry South Dakota State

More information

Impact of Crop Insurance and Indemnity Payments on Cash Rent and Land Values. Michael Langemeier Center for Commercial Agriculture Purdue University

Impact of Crop Insurance and Indemnity Payments on Cash Rent and Land Values. Michael Langemeier Center for Commercial Agriculture Purdue University Impact of Crop Insurance and Indemnity Payments on Cash Rent and Land Values Michael Langemeier Center for Commercial Agriculture Purdue University Background The magnitude of the impact of crop insurance

More information

Eastern Kentucky Meat Goat Budget Analysis

Eastern Kentucky Meat Goat Budget Analysis Eastern Kentucky Meat Goat Budget Analysis Agricultural Economics Extension No. 2000-11 May 2000 By: ALIOUNE DIAW AND A. LEE MEYER University of Kentucky Department of Agricultural Economics 400 Charles

More information

Contents. Acknowledgements... iv. Source of Data...v

Contents. Acknowledgements... iv. Source of Data...v Kentucky Farm Business Management Program Annual Summary Data: Kentucky Grain Farms - 2011 Agricultural Economics Extension No. 2012-17 June 2012 By: Amanda R. Jenkins Michael C. Forsythe University of

More information

Statistical Profile of Lunenburg County

Statistical Profile of Lunenburg County Statistical Profile of Lunenburg County Prepared by the Nova Scotia Federation of Agriculture 1 Contents 1.0 Introduction... 2 Agriculture in the Local Economy... 2 2.0 Population and Population Change...

More information

South Dakota Agricultural Land Market Trends 1991 2011. The 2011 SDSU South Dakota Farm Real Estate Survey C278

South Dakota Agricultural Land Market Trends 1991 2011. The 2011 SDSU South Dakota Farm Real Estate Survey C278 C278 South Dakota Agricultural Land Market Trends 1991 2011 The 2011 SDSU South Dakota Farm Real Estate Survey South Dakota State University Agricultural Experiment Station U.S. Department of Agriculture

More information

Economic & Policy Update

Economic & Policy Update www.euni.de Economic & Policy Update February 24, 2016 Volume 16, Issue 2 Edited by Will Snell & Phyllis Mattox Swift Expansion of the Beef Herd Continues - Kenny Burdine Flexible Cash Leases - Greg Halich

More information

Audience Response Cards 2/13/2013. Operating with Today s Land Values. Outline for today: Know how. Know now. Know how. Know now. Know how. Know now.

Audience Response Cards 2/13/2013. Operating with Today s Land Values. Outline for today: Know how. Know now. Know how. Know now. Know how. Know now. Operating with Today s Land Values Prepared by: T. Lemmons & A. Vyhnalek Adapted from: B. Johnson. (2012). Nebraska Farm Real Estate Market Report. UNL Extension Presented by: Allan Vyhnalek 402 563 4901

More information

Assess Your 2011 Tax Situation By: Bart Peters. Kentucky Farm Business Management Program

Assess Your 2011 Tax Situation By: Bart Peters. Kentucky Farm Business Management Program COOPERATIVE EXTENSION SERVICE UNIVERSITY OF KENTUCKY COLLEGE OF AGRICULTURE, LEXINGTON, KY, 40546 Agricultural Economics - Extension No. xxx KENTUCKY FARM BUSINESS MANAGEMENT PROGRAM STATE NEWSLETTER Vol.

More information

The cash rental rate information presented in this

The cash rental rate information presented in this Cash Rental Rates for Iowa Ag Decision Maker 2016 Survey File C2-10 The cash rental rate information presented in this publication is from a survey of farmers, landowners, agricultural lenders, and professional

More information

Revenue and Costs for Corn, Soybeans, Wheat, and Double-Crop Soybeans, Actual for 2009 through 2015, Projected 2016

Revenue and Costs for Corn, Soybeans, Wheat, and Double-Crop Soybeans, Actual for 2009 through 2015, Projected 2016 CROP COSTS Department of Agricultural and Consumer Economics University of Illinois Revenue and Costs for Corn, Soybeans, Wheat, and Double-Crop Soybeans, Actual for 2009 through 2015, Projected 2016 Department

More information

CROP BUDGETS, ILLINOIS, 2015

CROP BUDGETS, ILLINOIS, 2015 CROP BUDGETS Department of Agricultural and Consumer Economics University of Illinois CROP BUDGETS, ILLINOIS, 2015 Department of Agricultural and Consumer Economics University of Illinois September 2015

More information

Quick Cash Flow Projections

Quick Cash Flow Projections Quick Cash Flow Projections The Quick Cash Flow Projections tool assists farm operators in projecting cash needs, farm profitability, and debt servicing capabilities. The program also aids users in performing

More information

Farmland Lease Analysis: Program Overview. Navigating the Farmland Lease Analysis program

Farmland Lease Analysis: Program Overview. Navigating the Farmland Lease Analysis program Farmland Lease Analysis: Program Overview The farmland lease analysis program is used to aid tenants and landlords in determining the returns and risks from different farmland leases. The program offers

More information

Crop Input and Technology Decisions: Risk Management. Gary Schnitkey University of Illinois

Crop Input and Technology Decisions: Risk Management. Gary Schnitkey University of Illinois Crop Input and Technology Decisions: Risk Management Gary Schnitkey University of Illinois Topics 1. General economic principles related to input choice 2. Corn versus soybean choice 3. Crop insurance

More information

American Farmland Trust Conference Lexington, KY Oct. 21, 2014

American Farmland Trust Conference Lexington, KY Oct. 21, 2014 Economic Importance of Agriculture to Local Economies American Farmland Trust Conference Lexington, KY Oct. 21, 2014 The Impact of Agriculture on the Economy of Fayette Co., Kentucky Leigh Maynard University

More information

ARC/PLC Program Overview

ARC/PLC Program Overview ARC/PLC Program Overview FSA and University of MN Extension Producer Meetings December 2014 January 2015 The 2014 Farm Bill provides the following: Eliminates DCP and ACRE program Allows for a one-time

More information

Calculating Your Milk Production Costs and Using the Results to Manage Your Expenses

Calculating Your Milk Production Costs and Using the Results to Manage Your Expenses Calculating Your Milk Production Costs and Using the Results to Manage Your Expenses by Gary G. Frank 1 Introduction Dairy farms producing milk have numerous sources of income: milk, cull cows, calves,

More information

Crop-Share and Cash Rent Lease Comparisons Version 1.6. Introduction

Crop-Share and Cash Rent Lease Comparisons Version 1.6. Introduction Crop-Share and Cash Rent Lease Comparisons Version 1.6 Alan Miller and Craig L. Dobbins Spreadsheet can be found at http://www.agecon.purdue.edu/extension/pubs/farmland_values.asp Introduction This spreadsheet

More information

SOURCES AND USES OF FUNDS ON KFMA FARMS

SOURCES AND USES OF FUNDS ON KFMA FARMS KANSAS FARM MANAGEMENT ASSOCIATION Your Farm - Your Information - Your Decision N E W S L E T T E R Volume 6, Issue 3 March 2012 SOURCES AND USES OF FUNDS ON KFMA FARMS A flow of funds report, often referred

More information

2015 Risk and Profit Conference Breakout Session Presenters. 3. Do Kansas Farmers Pay Taxes?

2015 Risk and Profit Conference Breakout Session Presenters. 3. Do Kansas Farmers Pay Taxes? 2015 Risk and Profit Conference Breakout Session Presenters Allen Featherstone 3. Do Kansas Farmers Pay Taxes? Allen M. Featherstone, Professor and Head of the Department of Agricultural

More information

In 2010, many farmers will again choose between farm

In 2010, many farmers will again choose between farm 2010 The New ACRE Program: Costs and Effects By Brian C. Briggeman, Economist, Federal Reserve Bank of Kansas City and Jody Campiche, Assistant Professor, Oklahoma State University In 2010, many farmers

More information

Tennessee Agricultural Production and Rural Infrastructure

Tennessee Agricultural Production and Rural Infrastructure Tennessee Trends in Agricultural Production and Infrastructure Highlights - In many states the percentage of the state population designated by the U.S. Census Bureau as living in rural areas has declined,

More information

Map 1. Average Dollar Value of Agricultural Products Sold per Farm

Map 1. Average Dollar Value of Agricultural Products Sold per Farm Profiles: Government Farm Payments and Other Government Transfer Payments in the United States Iowa State University Department of Economics Authors: Liesl Eathington, Research Associate Dave Swenson,

More information

Preparing A Cash Flow Statement

Preparing A Cash Flow Statement Preparing A Cash Flow Statement By: Norm Dalsted and Rod Sharp Colorado State University It is highly unlikely you would attempt to drive to Detroit, Michigan, without first consulting a road map. You

More information

Breakeven Analysis. Takes the user to the data input worksheet of the tool.

Breakeven Analysis. Takes the user to the data input worksheet of the tool. Breakeven Analysis This program allows the user to calculate breakeven price and yield levels and prepare projected net farm income and cash flow statements. The Breakeven Analysis program assists farm

More information

Missouri Soybean Economic Impact Report

Missouri Soybean Economic Impact Report Missouri Soybean Economic Report State Analysis March 2014 The following soybean economic impact values were estimated by Value Ag, LLC, as part of a Missouri Soybean Merchandising Council funded project.

More information

CHOOSING AMONG CROP INSURANCE PRODUCTS

CHOOSING AMONG CROP INSURANCE PRODUCTS CHOOSING AMONG CROP INSURANCE PRODUCTS Gary Schnitkey Department of Agricultural and Consumer Economics University of Illinois at Urbana-Champaign Email: schnitke@uiuc.edu, Phone: (217) 244-9595 August

More information

A SNAPSHOT OF ALPENA COUNTY

A SNAPSHOT OF ALPENA COUNTY A SNAPSHOT OF ALPENA COUNTY agbioresearch.msu.edu msue.msu.edu About the Data This County Profile is to be used with the 2015-2016 Issue Identification process for State University Extension. Unless otherwise

More information

University of Illinois CROP BUDGETS. Consumer Economics

University of Illinois CROP BUDGETS. Consumer Economics CROP BUDGETS Department of Agricultural and Consumer Economics University of Illinois CROP BUDGETS, ILLINOIS, 2013 Department of Agricultural and Consumer Economics University of Illinois July 2013 Introduction

More information

Center for Commercial Agriculture

Center for Commercial Agriculture Center for Commercial Agriculture Agricultural Price and Land Values: Insights from Participants in the Financial Health of Farming and Land Values Conference by Emily D. Lord 1, Nicole J. Olynk Widmar

More information

Use Value Differs From Fair Market Value

Use Value Differs From Fair Market Value A Citizens Guide to The Use Value Taxation Program in Virginia Dave Lamie, Extension Specialists, Agricultural and Applied Economics, Virginia Tech Gordon Groover, Extension Specialists, Agricultural and

More information

An Economic Analysis of Rural Land Use Policies in Ontario

An Economic Analysis of Rural Land Use Policies in Ontario January 2016 An Economic Analysis of Rural Land Use Policies in Ontario by Yi Wang and Glenn Fox Contents Executive summary / iii Introduction / 1 1. Empirical evidence on agricultural land trends in

More information

Educational Efforts With FAST Tools

Educational Efforts With FAST Tools Educational Efforts With FAST Tools By Paul N. Ellinger 1 farmdoc companion project initiated in 1999 FAST Tools Development of spreadsheet-based tools to aid decisions for producers, lenders, consultants

More information

CROP BUDGETS, ILLINOIS, 2014

CROP BUDGETS, ILLINOIS, 2014 CROP BUDGETS Department of Agricultural and Consumer Economics University of Illinois CROP BUDGETS, ILLINOIS, 2014 Department of Agricultural and Consumer Economics University of Illinois June 2014 Introduction

More information

Renewable Energy Development and Implications to Agricultural Viability 1

Renewable Energy Development and Implications to Agricultural Viability 1 Renewable Energy Development and Implications to Agricultural Viability 1 Soji Adelaja and Yohannes G. Hailu ASoji Adelaja is the John A. Hannah Distinguished Professor in Land Policy and Director of the

More information

The Farmland Asset Class

The Farmland Asset Class The Farmland Asset Class December 2010 Jeffrey A. Conrad, CFA President, Hancock Agricultural Investment Group jconrad@hnrg.com (617) 747-1601 Presentation Overview I. Introduction to the Hancock Agricultural

More information

Understanding USDA s Livestock Risk Protection Insurance Program for Feeder Cattle (AEC 2008-04)

Understanding USDA s Livestock Risk Protection Insurance Program for Feeder Cattle (AEC 2008-04) Understanding USDA s Livestock Risk Protection Program for Feeder Cattle (AEC 2008-04) Kenny Burdine and Greg Halich July 2008 Since the summer of 2007, the Livestock Risk Protection (LRP) program has

More information

Financial Impacts from Farmland Value Declines by Various Farm Ownership Levels (AEC 2013-05)

Financial Impacts from Farmland Value Declines by Various Farm Ownership Levels (AEC 2013-05) Financial Impacts from Value Declines by Various Farm Ownership Levels (AEC 2013-05) By Cory Walters and John Barnhart 1 Long-term farm financial strength stemming from investment decisions is a primary

More information

Iowa s Beginning Farmer Loan and Tax Credit Programs. Iowa Agricultural Development Division

Iowa s Beginning Farmer Loan and Tax Credit Programs. Iowa Agricultural Development Division Iowa s Beginning Farmer Loan and Tax Credit Programs Iowa Agricultural Development Division 1 IADD Programs Beginning Farmer Loan Program (BFLP) Loan Participation Program (LPP) Beginning Farmer Tax Credit

More information

The principle of excess land is a fundamental concept in appraisal practice,

The principle of excess land is a fundamental concept in appraisal practice, A Discussion of Excess Land Concepts and Theory by Joseph M. Webster, MAI The principle of excess land is a fundamental concept in appraisal practice, but surprisingly few articles have been devoted to

More information

Fayette County Appraisal District

Fayette County Appraisal District Fayette County Appraisal District Agricultural Guidelines July 7, 2010 A SUPPLEMENT TO THE STATE OF TEXAS PROPERTY TAX MANUAL FOR THE APPRAISAL OF AGRICULTUAL LAND AND WILDLIFE MANAGEMENT ACTIVITIES AND

More information

New Jersey s Farmland Assessment Act. An Informational Guide on Basic Requirements

New Jersey s Farmland Assessment Act. An Informational Guide on Basic Requirements New Jersey s Farmland Assessment Act An Informational Guide on Basic Requirements Prepared by the New Jersey Department of Agriculture in consultation with the New Jersey Division of Taxation and the New

More information

THE FINANCIAL CRISIS: Is This a REPEAT OF THE 80 S FOR AGRICULTURE? Mike Boehlje and Chris Hurt, Department of Agricultural Economics

THE FINANCIAL CRISIS: Is This a REPEAT OF THE 80 S FOR AGRICULTURE? Mike Boehlje and Chris Hurt, Department of Agricultural Economics THE FINANCIAL CRISIS: Is This a REPEAT OF THE 80 S FOR AGRICULTURE? Mike Boehlje and Chris Hurt, Department of Agricultural Economics The current financial crisis in the capital markets combined with recession

More information

Finding a Farm to Buy or Lease Resource Kit for Nova Scotia Farmers

Finding a Farm to Buy or Lease Resource Kit for Nova Scotia Farmers 1 Finding a Farm to Buy or Lease Resource Kit for Nova Scotia Farmers Helpful Contacts for Buying a Farm Your local Agricultural Resource Coordinator (ARC) may know of farms for sale or rent in your area.

More information

Appendix A: Glossary

Appendix A: Glossary Appendix A: Glossary Acreage class - a structural indicator of farm size based on acres operated. The five acreage classes generally used in this report are: 1-49 acres, 50-179 acres, 180-499 acres, 500-999

More information

University of Arkansas Division of Agriculture. Department of Agricultural Economics & Agribusiness

University of Arkansas Division of Agriculture. Department of Agricultural Economics & Agribusiness 2012 University of Arkansas Division of Agriculture Department of Agricultural Economics & Agribusiness Vuko Karov, Eric J. Wailes, and K. Bradley Watkins [Assessment of STAX (Stacked Income Protection

More information

This article illustrated deferred tax liabilities for a cash crop farm in west central Indiana. The

This article illustrated deferred tax liabilities for a cash crop farm in west central Indiana. The September 2014 Computation of Deferred Liabilities Michael Langemeier, Associate Director, Center for Commercial Agriculture This article is one of a series of financial management articles that will examine

More information

2010 Risk and Profit Conference Breakout Session Presenters. 9. Marketing Grain Using a Storage Hedge

2010 Risk and Profit Conference Breakout Session Presenters. 9. Marketing Grain Using a Storage Hedge Orlen Grunewald 2010 Risk and Profit Conference Breakout Session Presenters 9. Marketing Grain Using a Storage Hedge Orlen Grunewald is a professor in the Department of Agricultural

More information

www.fs.com.uy www.fs.com.uy

www.fs.com.uy www.fs.com.uy Farmland Investment in Uruguay 2015 Advantages of Investing in Farmland Increasing global demand for food Consistent long-term appreciation Annual cash return Non-volatile asset Store of value Why Uruguay?

More information

Spatial Distribution of Precision Farming Technologies in Tennessee. Burton C. English Roland K. Roberts David E. Sleigh

Spatial Distribution of Precision Farming Technologies in Tennessee. Burton C. English Roland K. Roberts David E. Sleigh Spatial Distribution of Precision Farming Technologies in Tennessee Burton C. English Roland K. Roberts David E. Sleigh Research Report 00-08 February 2000 Department of Agricultural Economics and Rural

More information

Farmland Investment in Uruguay

Farmland Investment in Uruguay Farmland Investment in Uruguay February 2014 Advantages of Investing in Farmland Increasing global demand for food Consistent long-term appreciation Annual cash return Non-volatile asset Store of value

More information

Manure Management on Wisconsin Farms

Manure Management on Wisconsin Farms Manure Management on Wisconsin Farms PATS Research Report No. 15 January, 2006 Alan Turnquist, Jeremy Foltz, Carol Roth Program on Agricultural Technology Studies College of Agricultural and Life Sciences

More information

Farmland Values Report

Farmland Values Report Farmland Values Report This report covers the period from January 1 to December 31,. For more information: 1-888-332-3301 or farmland-values@fcc-fac.ca This report was published on April 14, 2014. Farmland

More information

AGRICULTURAL SCIENCES Vol. II - Crop Production Capacity In North America - G.K. Pompelli CROP PRODUCTION CAPACITY IN NORTH AMERICA

AGRICULTURAL SCIENCES Vol. II - Crop Production Capacity In North America - G.K. Pompelli CROP PRODUCTION CAPACITY IN NORTH AMERICA CROP PRODUCTION CAPACITY IN NORTH AMERICA G.K. Pompelli Economic Research Service, U. S. Department of Agriculture, USA Keywords: Supply, policy, yields. Contents 1. Introduction 2. Past Trends in Demand

More information

David Sparling Chair Agri-food Innovation dsparling@ivey.ca. Nicoleta Uzea Post-doctoral Fellow nuzea@ivey.ca

David Sparling Chair Agri-food Innovation dsparling@ivey.ca. Nicoleta Uzea Post-doctoral Fellow nuzea@ivey.ca David Sparling Chair Agri-food Innovation dsparling@ivey.ca Nicoleta Uzea Post-doctoral Fellow nuzea@ivey.ca The Issue Canadian agriculture is at a pivotal juncture. The global agriculture and food system

More information

Rural Residential Buildable Lands Inventory

Rural Residential Buildable Lands Inventory The Dalles Periodic Review, May 2013 Rural Residential Lands Inventory Contents Introduction and Summary... 1 Concerns related to the 2007 Analysis... 2 Rural Residential Capacity Summary... 2 Methodology...

More information

Beginning Farm/Ranch. Other Things. Social Security Benefits. Retirement Planning for Beginning Farmers & Ranchers. Typical American Retirement Income

Beginning Farm/Ranch. Other Things. Social Security Benefits. Retirement Planning for Beginning Farmers & Ranchers. Typical American Retirement Income Retirement Planning for Beginning Farmers & Ranchers Joel Schumacher Associate Specialist Beginning Farm/Ranch Priorities Finding your spot in a family operation Acquiring Land & Equipment Acquiring Livestock

More information

Immigration Reform Update By: Laura Powers. Kentucky Farm Business Management Program

Immigration Reform Update By: Laura Powers. Kentucky Farm Business Management Program COOPERATIVE EXTENSION SERVICE UNIVERSITY OF KENTUCKY COLLEGE OF AGRICULTURE, LEXINGTON, KY, 40546 Agricultural Economics - Extension No. xxx KENTUCKY FARM BUSINESS MANAGEMENT PROGRAM STATE NEWSLETTER Vol.

More information

Post-Freedom to Farm Shifts in Regional Production Patterns

Post-Freedom to Farm Shifts in Regional Production Patterns Post-Freedom to Farm Shifts in Regional Production Patterns AFPC Working Paper 01-6 David P. Anderson James W. Richardson Edward G. Smith Agricultural and Food Policy Center Department of Agricultural

More information

AERIAL PHOTOGRAPHS. For a map of this information, in paper or digital format, contact the Tompkins County Planning Department.

AERIAL PHOTOGRAPHS. For a map of this information, in paper or digital format, contact the Tompkins County Planning Department. AERIAL PHOTOGRAPHS What are Aerial Photographs? Aerial photographs are images of the land taken from an airplane and printed on 9 x9 photographic paper. Why are Aerial Photographs Important? Aerial photographs

More information

Managing Risk With Revenue Insurance

Managing Risk With Revenue Insurance Managing Risk With Revenue Insurance VOLUME 4 ISSUE 5 22 Robert Dismukes, dismukes@ers.usda.gov Keith H. Coble, coble@agecon.msstate.edu Comstock 10 Crop revenue insurance offers farmers a way to manage

More information

AGRICULTURE CREDIT CORPORATION CASH WHEN YOU NEED IT MOST

AGRICULTURE CREDIT CORPORATION CASH WHEN YOU NEED IT MOST AGRICULTURE CREDIT CORPORATION CASH WHEN YOU NEED IT MOST OVERVIEW 1) Observations on Farm Debt in Canada 2) Overview of the APP and Changes 3) Overview of the Commodity Loan Program (CLP) 90000000 Total

More information

ANSWERS TO COMMONLY ASKED QUESTIONS ABOUT AGRICULTURAL LAND VALUE IN KANSAS

ANSWERS TO COMMONLY ASKED QUESTIONS ABOUT AGRICULTURAL LAND VALUE IN KANSAS ANSWERS TO COMMONLY ASKED QUESTIONS ABOUT AGRICULTURAL LAND VALUE IN KANSAS By The Ag Use Section Property Valuation Division (PVD) March 26 th 2013 General Questions: Who establishes the appraised value

More information

Chapter 4 FINANCIAL REWARDS: WHAT PROGRAMS COMPENSATE LANDOWNERS

Chapter 4 FINANCIAL REWARDS: WHAT PROGRAMS COMPENSATE LANDOWNERS FINANCIAL REWARDS: WHAT PROGRAMS COMPENSATE LANDOWNERS L andowners look closely at the compensation offered by specific programs when considering whether enrollment makes sense for their particular circumstances.

More information

Agriculture & Business Management Notes...

Agriculture & Business Management Notes... Agriculture & Business Management Notes... Crop Share Lease Agreements Quick Notes... 1. Crop share lease agreements reduce risks for both parties. 2. Input costs are shared by both parties. 3. Local share

More information

Potential Farm-Level Impacts of Proposed FQPA Implementation: The Tennessee Case 1,2

Potential Farm-Level Impacts of Proposed FQPA Implementation: The Tennessee Case 1,2 Agricultural Policy Analysis Center The University of Tennessee 310 Morgan Hall Knoxville, TN 37901-1071 Phone (423) 974-7407 FAX (423) 974-7298 www.apacweb.ag.utk.edu Potential Farm-Level Impacts of Proposed

More information

Clagett Agricultural Area (78-000, 79-000, 82A-000)

Clagett Agricultural Area (78-000, 79-000, 82A-000) Clagett Agricultural Area (78-000, 79-000, 82A-000) The Clagett Agricultural Area, consisting of approximately 2,700 acres west of Upper Marlboro was named for the Clagett family who owned most of the

More information

1 (15 A NCAC 02B.0280) (2006) 2011 A

1 (15 A NCAC 02B.0280) (2006) 2011 A Initial Assessment of Agricultural Operations Stage 1 Reductions Falls Reservoir Water Supply Nutrient Strategy: Agriculture (15 A NCAC 02B.0280) For the Baseline Period (2006) through Crop Year 2011 A

More information

Permanently preserving privately owned productive agricultural land ensures a stable land base for the future of the agricultural industry.

Permanently preserving privately owned productive agricultural land ensures a stable land base for the future of the agricultural industry. F A R M L A N D P R E S E R V A T I O N Permanently preserving privately owned productive agricultural land ensures a stable land base for the future of the agricultural industry. Farmland preservation,

More information

Will ARC Allow Farmers to Cancel Their 2014 Crop Insurance (Updated)? 1

Will ARC Allow Farmers to Cancel Their 2014 Crop Insurance (Updated)? 1 Disclaimer: This web page is designed to aid farmers with their marketing and risk management decisions. The risk of loss in trading futures, options, forward contracts, and hedge-to-arrive can be substantial

More information

As stewards of the land, farmers must protect the quality of our environment and conserve the natural resources that sustain it by implementing

As stewards of the land, farmers must protect the quality of our environment and conserve the natural resources that sustain it by implementing N A T U R A L R E S O U R C E C O N S E R V A T I O N As stewards of the land, farmers must protect the quality of our environment and conserve the natural resources that sustain it by implementing conservation

More information

Irrigation Crop-share. and Cash Rental Arrangements for Your Farm. Larry N. Langemeier. North Central Regional Extension Publication No.

Irrigation Crop-share. and Cash Rental Arrangements for Your Farm. Larry N. Langemeier. North Central Regional Extension Publication No. Irrigation Crop-share North Central Regional Extension Publication No. 48 and Cash Rental Arrangements for Your Farm Larry N. Langemeier Irrigation Crop-share and Cash Rental Arrangments for Your Farm

More information

Using Solvency Ratios to Predict Future Profitability

Using Solvency Ratios to Predict Future Profitability Using Solvency Ratios to Predict Future Profitability Gregg Ibendahl (ibendahl@ksu.edu) Kansas State University Department of Agricultural Economics August 2015 http://www.agmanager.info/kfma/newsletters/research/solvencyratios.pdf

More information

The A to Z of Meat Goat Production

The A to Z of Meat Goat Production The A to Z of Meat Goat Production Russell Ramsey, Regional Agriculture Business Management Specialist, University of Missouri Extension SARE National Conference-August 15-17, 17, 2006 Oconomowoc, Wisconsin

More information

Forage Economics, page2. Production Costs

Forage Economics, page2. Production Costs Forage Economics Geoffrey A. Benson, Professor Emeritus, Department of Agricultural and Resource Economics, and James T. Green, Jr., Professor Emeritus, Department of Crop Science, NC State University

More information

Fixed and Flexible. Cash Rental Arrangements for Your Farm. Larry N. Langemeier. North Central Regional Extension Publication No.

Fixed and Flexible. Cash Rental Arrangements for Your Farm. Larry N. Langemeier. North Central Regional Extension Publication No. Fixed and Flexible North Central Regional Extension Publication No. 75 Cash Rental Arrangements for Your Farm Larry N. Langemeier Other North Central Regional publications in this series: NCR-105, Crop-share

More information

China s rapidly growing meat demand: a domestic or an international challenge?

China s rapidly growing meat demand: a domestic or an international challenge? Centre for World Food Studies (SOW-VU) Amsterdam www.sow.vu.nl China s rapidly growing meat demand: a domestic or an international challenge? Introduction China s is among the fastest growing economies

More information

Overview of the United States Dairy Industry

Overview of the United States Dairy Industry ISSN: Overview of the United States Dairy Industry Released September 22, 2010, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States Department of Agriculture

More information

Agriculture & Business Management Notes...

Agriculture & Business Management Notes... Agriculture & Business Management Notes... Preparing and Analyzing a Cash Flow Statement Quick Notes... Cash Flow Statements summarize cash inflows and cash outflows over a period of time. Uses of a Cash

More information

Farm Machinery Lease for Non-commercial Transactions

Farm Machinery Lease for Non-commercial Transactions Farm Machinery Lease for Non-commercial Transactions NCFMEC-05A For additonal information see NCFMEC 05 (Purchasing and Leasing Farm Equipment). This form can provide the owner and renter with a guide

More information

How To Insure A Crop

How To Insure A Crop Materials Prepared for Federation of Southern Cooperatives Epes, Alabama September 11, 2009 Group Risk Crop Insurance by Karen R. Krub Farmers Legal Action Group, Inc. 360 North Robert Street, Suite 500

More information

Assessing and Improving Farm Profitability

Assessing and Improving Farm Profitability 1 Fact Sheet 539 Assessing and Improving Farm Profitability Is my farm making money? This is a question farm managers think about often. To stay in business, the farm must generate a profit, at least in

More information

Analysis of the STAX and SCO Programs for Cotton Producers

Analysis of the STAX and SCO Programs for Cotton Producers Analysis of the STAX and SCO Programs for Cotton Producers Jody L. Campiche Department of Agricultural Economics Oklahoma State University Selected Paper prepared for presentation at the Agricultural &

More information

So far the effort, outlined in the state s Nutrient Reduction Strategy to reduce hypoxia in the Gulf, has been voluntary.

So far the effort, outlined in the state s Nutrient Reduction Strategy to reduce hypoxia in the Gulf, has been voluntary. Push is on for Iowa to clean up its water State leaders are counting on farmers to adopt conservation practices to protect waterways, soil By Donnelle Eller, Des Moines Register; Nov. 9, 2013 EAGLE GROVE,

More information

Outlook for the 2013 U.S. Farm Economy

Outlook for the 2013 U.S. Farm Economy Outlook for the 213 U.S. Farm Economy Kevin Patrick Farm and Rural Business Branch Resource and Rural Economics Division Highlights Net farm income in 213 forecast: $128.2 billion Net cash income in 213

More information

1.3 Land Ownership and Farm Structure

1.3 Land Ownership and Farm Structure 1.3 Land Ownership and Farm Structure Although the Federal Government once held most U.S. land, 60 percent (1.4 billion acres) is now privately owned. Virtually all farmland is privately owned. Leased

More information

A Business Newsletter for Agriculture. Vol. 12, No. 1 www.extension.iastate.edu/agdm. Energy agriculture - where s the nitrogen?

A Business Newsletter for Agriculture. Vol. 12, No. 1 www.extension.iastate.edu/agdm. Energy agriculture - where s the nitrogen? A Business Newsletter for Agriculture Vol. 12, No. 1 www.extension.iastate.edu/agdm November 2007 Energy agriculture - where s the nitrogen? by Don Hofstrand, value-added agriculture specialist, co-director

More information

INFORMATION ON THE PUBLIC JOINT-STOCK COMPANY INVL BALTIC FARMLAND FORMED IN THE SPLIT OFF

INFORMATION ON THE PUBLIC JOINT-STOCK COMPANY INVL BALTIC FARMLAND FORMED IN THE SPLIT OFF INFORMATION ON THE PUBLIC JOINT-STOCK COMPANY INVL BALTIC FARMLAND FORMED IN THE SPLIT OFF On the basis of those Terms, 47.95 percent of the total assets, equity and liabilities of the public joint-stock

More information

INHERITANCE TAX. Agricultural and Business Property Reliefs latest developments the accountants view

INHERITANCE TAX. Agricultural and Business Property Reliefs latest developments the accountants view INHERITANCE TAX Agricultural and Business Property Reliefs latest developments the accountants view HILARY SHARPE / JACQUELINE THOMSON 18 NOVEMBER 2014 BUSINESS PROPERTY RELIEF Hilary Sharpe Tax Partner

More information

298,320 3,041 107,825. Missouri Economic Research Brief FARM AND AGRIBUSINESS. Employment. Number of Agribusinesses.

298,320 3,041 107,825. Missouri Economic Research Brief FARM AND AGRIBUSINESS. Employment. Number of Agribusinesses. Missouri Economic Research Brief FARM AND AGRIBUSINESS Missouri s Farm and Agribusiness Missouri s farm and agribusiness sectors include crops, livestock, industries supporting farm production and farm-related

More information

Livestock Budget Estimates for Kentucky - 2000

Livestock Budget Estimates for Kentucky - 2000 Livestock Budget Estimates for Kentucky - 2000 Agricultural Economics Extension No. 2000-17 October 2000 By: RICHARD L. TRIMBLE, STEVE ISAACS, LAURA POWERS, AND A. LEE MEYER University of Kentucky Department

More information

CONTENTS ABSTRACT. KEYWORDS:. Forest ownership, forest conversion.

CONTENTS ABSTRACT. KEYWORDS:. Forest ownership, forest conversion. CONTENTS INTRODUCTION... Page PHYSICAL CHANGES IN COMMERCIAL FOREST AREA... 4 Nearly 1 million acres have been lost since 1945... 4 Road construction was leading cause of forest loss in the two states...

More information

Evaluating Taking Prevented Planting Payments for Corn

Evaluating Taking Prevented Planting Payments for Corn May 30, 2013 Evaluating Taking Prevented Planting Payments for Corn Permalink URL http://farmdocdaily.illinois.edu/2013/05/evaluating-prevented-planting-corn.html Due to continuing wet weather, some farmers

More information

Rocky EEP Preliminary Findings Report Summary February 2005

Rocky EEP Preliminary Findings Report Summary February 2005 This is a DRAFT summary of the NC Ecosystem Enhancement Upper Rocky River Local Watershed Plan Preliminary Findings Report. The original, 157 page document can be found here: www.ncsu.edu/weco/rocky. The

More information

Pennsylvania Farmland Preservation. Ontario Farmland Trust 2015 Farmland Forum March 27, 2015

Pennsylvania Farmland Preservation. Ontario Farmland Trust 2015 Farmland Forum March 27, 2015 Pennsylvania Farmland Preservation Ontario Farmland Trust 2015 Farmland Forum March 27, 2015 Presenter Douglas M. Wolfgang, Director, Bureau of Farmland Preservation, PA Department of Agriculture dowolfgang@pa.gov

More information