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Have Farm Custom Rates Kept Pace With Machinery Costs?, William M. Edwards Jul 2016

Have Farm Custom Rates Kept Pace With Machinery Costs?, William M. Edwards

William Edwards

Average custom rates for eight common farming operations as reported in surveys done in Iowa and Kansas in 1995 were inflated to 2015 values (Iowa) and 2013 values (Kansas) using the Prices Paid indices gathered by the National Agricultural Statistics Service (NASS). The projected rates were generally higher than the average rates reported in surveys completed in the corresponding years, except for planting. Possible explanations for the lag in custom rates include uncertainty about fuel prices, improved fuel efficiency, improved field efficiency, adoption of larger equipment where economies of size exist, and extension of field hours per season


Enrollment In Acre Related To Farm Size, Risk Management, William Edwards Jul 2016

Enrollment In Acre Related To Farm Size, Risk Management, William Edwards

William Edwards

No abstract provided.


Delayed Planting, Prevented Planting And Replanting Crop Insurance Coverage, Steven D. Johnson, William M. Edwards Jul 2016

Delayed Planting, Prevented Planting And Replanting Crop Insurance Coverage, Steven D. Johnson, William M. Edwards

William Edwards

The frequent rains that have soaked Iowa this year have left many corn and soybean fields unplanted or with flooded areas. Many producers are wondering what options they have under their multiple peril crop insurance (MPCI) policies. In Iowa, the crop insurance “late planting period” for corn begins on June 1. Corn can still be planted after this date, but the insurance guarantee on those acres is reduced by 1 percent per day until the acres are planted. Corn acres planted after June 25 will receive insurance coverage equal to 60 percent of their original guarantee. Producers should keep accurate …


Late Harvest And Crop Insurance Coverage, William M. Edwards Jul 2016

Late Harvest And Crop Insurance Coverage, William M. Edwards

William Edwards

Iowa and other Corn Belt states are experiencing one of the latest and slowest harvest seasons on record. Some producers have had concerns about whether their crop insurance coverage will be still be in effect if harvesting drags into December.


New Iowa Farm Custom Rate Survey Available, William Edwards Jul 2016

New Iowa Farm Custom Rate Survey Available, William Edwards

William Edwards

No abstract provided.


Flexible Leases And Usda Payments, William Edwards Jul 2016

Flexible Leases And Usda Payments, William Edwards

William Edwards

No abstract provided.


Producer Machinery And Labor Sharing Arrangements Workshops, Roger Ginder, William M. Edwards, Georgeanne M. Artz, Darren H. Jarboe Jul 2016

Producer Machinery And Labor Sharing Arrangements Workshops, Roger Ginder, William M. Edwards, Georgeanne M. Artz, Darren H. Jarboe

William Edwards

Four case studies were developed for Iowa farm operations that have successfully used machinery and labor sharing arrangements for intergenerational transfer of farm assets. Results were shared at workshops and through publication of a resource manual.


Marketing Year Prices Cancel Acre Payments In Iowa, Chad Hart, William M. Edwards Jul 2016

Marketing Year Prices Cancel Acre Payments In Iowa, Chad Hart, William M. Edwards

William Edwards

Following the completion of the 2009/10 marketing year, the U.S. Department of Agriculture (USDA) released its final monthly price estimates for corn and soybeans. Over the September through August marketing year the national average price for corn was $3.55 per bushel. This is $.51 less than the average price during the 2008/09 marketing year of $4.06 per bushel. For soybeans, the 2009/10 national average price was $9.60 per bushel, which is $.37 lower than the previous year’s average price of $9.97 per bushel.


Isu Extension Offers Information About New Farm Bill Programs, William M. Edwards Jul 2016

Isu Extension Offers Information About New Farm Bill Programs, William M. Edwards

William Edwards

The Food, Conservation and Energy Act of 2008 contains a wide variety of legislation affecting everything from school lunches to milk checks. Some of the most immediate provisions that farmers must address are:
• New limitations on commodity payments,
• Average Crop Revenue Election (ACRE),
• Supplemental Revenue Assistance (SURE) program.


Crop Insurance May Help Flooded And Wet Corn And Soybean Acres, William M. Edwards Jul 2016

Crop Insurance May Help Flooded And Wet Corn And Soybean Acres, William M. Edwards

William Edwards

Wet weather has delayed planting of corn and soybeans across the state, and flooding has severely damaged many acres that have been planted. Fortunately, nearly 90 percent of the corn and soybean acres in Iowa are covered by multiple peril crop insurance (MPCI), which can provide some relief.


Isu Extension Offers Information About New Farm Bill Programs, William M. Edwards Jul 2016

Isu Extension Offers Information About New Farm Bill Programs, William M. Edwards

William Edwards

The Food, Conservation and Energy Act of 2008 contains a wide variety of legislation affecting everything from school lunches to milk checks. Some of the most immediate provisions that farmers must address are: • New limitations on commodity payments,• Average Crop Revenue Election (ACRE), • Supplemental Revenue Assistance (SURE) program.


Crop Insurance And Excess Moisture, William Edwards Jul 2016

Crop Insurance And Excess Moisture, William Edwards

William Edwards

No abstract provided.


New Survey On Farm Employee Compensation, William Edwards Jul 2016

New Survey On Farm Employee Compensation, William Edwards

William Edwards

No abstract provided.


Flexible Farm Lease Agreements, William Edwards Jul 2016

Flexible Farm Lease Agreements, William Edwards

William Edwards

No abstract provided.


Ag Energy: Risk Management, Energy, And Grain Issues, William M. Edwards Jul 2016

Ag Energy: Risk Management, Energy, And Grain Issues, William M. Edwards

William Edwards

Nearly everyone has been impacted by higher fuel prices this year. Custom corn and soybean harvesters are no exception. Their increased costs will likely be factored into custom harvesting rates this fall. Estimates of diesel fuel consumption of combining corn range from 1.5 to 2.0 gallons per acre. Soybean harvesting takes only about 1.0 to 1.5 gallons per acre. Larger, newer combines will typically use less fuel per acre.


Managing Through A Recession: Options For Farm Operators, William Edwards Jul 2016

Managing Through A Recession: Options For Farm Operators, William Edwards

William Edwards

No abstract provided.


Crop Insurance May Help Flooded And Wet Corn And Soybean Acres, William M. Edwards Jul 2016

Crop Insurance May Help Flooded And Wet Corn And Soybean Acres, William M. Edwards

William Edwards

Wet weather has delayed planting of corn and soybeans across the state, and flooding has severely damaged many acres that have been planted. Fortunately, nearly 90 percent of the corn and soybean acres in Iowa are covered by multiple peril crop insurance (MPCI), which can provide some relief.


Custom Fit Your Farm Lease, William Edwards Jul 2016

Custom Fit Your Farm Lease, William Edwards

William Edwards

No abstract provided.


Isu Extension Offers Information About New Farm Bill Programs, William Edwards Jul 2016

Isu Extension Offers Information About New Farm Bill Programs, William Edwards

William Edwards

No abstract provided.


A Three-Year Level Study Of The Profitability Of Corn And Soybean Production, Todd D. Davis, William M. Edwards Jul 2016

A Three-Year Level Study Of The Profitability Of Corn And Soybean Production, Todd D. Davis, William M. Edwards

William Edwards

Crop producers face many decisions each year about the quantity and quality of inputs to use, the purchasing of these inputs, and the timing of production operations. Because their time for gathering and analyzing information on which to base management decisions is limited, they need to know which decision, areas have the greatest impact on profitability. A set of detailed and accurate records of production, costs, and returns from a group of producers growing corn and soybeans in Iowa over a three-year period was.available from Iowa State University Extension. This information was used to assess the relative importance of various …


Economic Impact Of Delayed And Prevented Planting, William M. Edwards Jul 2016

Economic Impact Of Delayed And Prevented Planting, William M. Edwards

William Edwards

Most crop producers know that to achieve optimum yields it is important to plant early. However, in years like this when cold weather or frequent rains prevented tillage and planting from being completed, some adjustments may be made to the amount of coverage provided by Multiple Peril Crop Insurance (MPCI) as well as other types of crop insurance. These adjustments are subject to revision each year by the Risk Management Agency and crop insurance vendors.


Ag Decision Maker: Combine Ownership Or Custom Hire, William M. Edwards, H. Mark Hanna Jul 2016

Ag Decision Maker: Combine Ownership Or Custom Hire, William M. Edwards, H. Mark Hanna

William Edwards

Includes advantages and disadvantages of custom hiring and information on estimating costs; includes worksheets.


Adjusting Hail-Damaged Crops For Crop Insurance Reporting, William M. Edwards Jul 2016

Adjusting Hail-Damaged Crops For Crop Insurance Reporting, William M. Edwards

William Edwards

Hail damage to crops in north central Iowa caused great losses; the total of which will become more defined with harvest. The following guidelines are intended to help farmers through the process of adjusting hail-damaged crops for crop insurance reporting.


“Insuring Iowa’S Agriculture” Workshop Set For Nov. 5, William Edwards Jul 2016

“Insuring Iowa’S Agriculture” Workshop Set For Nov. 5, William Edwards

William Edwards

No abstract provided.


Compensation Of Farm Employees, William M. Edwards Jul 2016

Compensation Of Farm Employees, William M. Edwards

William Edwards

Iowa farm operators were surveyed to learn what type and level of compensation they paid to full-time employees in 1997. The average total compensation paid was $26, 914, of which 79 percent consisted of cash wages.Benefits accounted for 18 percent of the compensation, and bonuses and wages in kind amounted to 3 percent.Housing and insurance plans were the most significant benefits provided


Late Harvest And Crop Insurance Coverage, William M. Edwards Jul 2016

Late Harvest And Crop Insurance Coverage, William M. Edwards

William Edwards

Iowa and other Corn Belt states are experiencing one of the latest and slowest harvest seasons on record. Some producers have had concerns about whether their crop insurance coverage will be still be in effect if harvesting drags into December.


Returns To Farmland Ownership, William Edwards, Don Hofstrand Jul 2016

Returns To Farmland Ownership, William Edwards, Don Hofstrand

William Edwards

No abstract provided.


Delayed Planting, Prevented Planting And Replanting Crop Insurance Coverage, Steven D. Johnson, William M. Edwards Jul 2016

Delayed Planting, Prevented Planting And Replanting Crop Insurance Coverage, Steven D. Johnson, William M. Edwards

William Edwards

The frequent rains that have soaked Iowa this year have left many corn and soybean fields unplanted or with flooded areas. Many producers are wondering what options they have under their multiple peril crop insurance (MPCI) policies. In Iowa, the crop insurance “late planting period” for corn begins on June 1. Corn can still be planted after this date, but the insurance guarantee on those acres is reduced by 1 percent per day until the acres are planted. Corn acres planted after June 25 will receive insurance coverage equal to 60 percent of their original guarantee. Producers should keep accurate …


Farmland Rental Rates Show Continued Strength In 2012, William Edwards Jul 2016

Farmland Rental Rates Show Continued Strength In 2012, William Edwards

William Edwards

No abstract provided.


Flood Damaged Crops, Crop Insurance Payments And Lease Contracts, William M. Edwards Jul 2016

Flood Damaged Crops, Crop Insurance Payments And Lease Contracts, William M. Edwards

William Edwards

Some Iowa corn and soybean producers are facing substantial if not complete crop losses due to flooding. In particular, many acres of crops in the Missouri River Valley have been under water for a month or more this year. Fortunately, nearly 90 percent of Iowa’s corn and soybean acres are protected by multiple peril crop insurance.