Kentucky ANR Agent Land Value and Cash Rent Survey AEC Greg Halich and Karen Pulliam
|
|
- Joleen Cole
- 7 years ago
- Views:
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 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 informationResearch 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 informationEstimating 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 informationNATURAL 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 informationSouth 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 informationImpact 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 informationEastern 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 informationContents. 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 informationStatistical 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 informationSouth 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 informationEconomic & 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 informationAudience 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 informationAssess 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 informationThe 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 informationRevenue 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 informationCROP 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 informationQuick 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 informationFarmland 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 informationCrop 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 informationAmerican 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 informationARC/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 informationCalculating 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 informationCrop-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 informationSOURCES 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 information2015 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 informationIn 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 informationTennessee 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 informationMap 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 informationPreparing 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 informationBreakeven 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 informationMissouri 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 informationCHOOSING 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 informationA 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 informationUniversity 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 informationCenter 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 informationUse 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 informationAn 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 informationEducational 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 informationCROP 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 informationRenewable 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 informationThe 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 informationUnderstanding 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 informationFinancial 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 informationIowa 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 informationThe 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 informationFayette 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 informationNew 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 informationTHE 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 informationFinding 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 informationAppendix 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 informationUniversity 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 informationThis 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 information2010 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 informationwww.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 informationSpatial 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 informationFarmland 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 informationManure 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 informationFarmland 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 informationAGRICULTURAL 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 informationDavid 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 informationRural 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 informationBeginning 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 informationImmigration 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 informationPost-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 informationAERIAL 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 informationManaging 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 informationAGRICULTURE 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 informationANSWERS 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 informationChapter 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 informationAgriculture & 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 informationPotential 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 informationClagett 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 information1 (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 informationPermanently 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 informationWill 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 informationAs 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 informationIrrigation 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 informationUsing 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 informationThe 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 informationForage 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 informationFixed 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 informationChina 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 informationOverview 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 informationAgriculture & 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 informationFarm 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 informationHow 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 informationAssessing 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 informationAnalysis 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 informationSo 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 informationOutlook 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 information1.3 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 informationA 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 informationINFORMATION 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 informationINHERITANCE 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 information298,320 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 informationLivestock 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 informationCONTENTS 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 informationEvaluating 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 informationRocky 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 informationPennsylvania 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