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Determinants Of Iowa Cropland Cash Rental Rates: Testing Ricardian Rent Theory, Xiaodong Du, David A. Hennessy, William M. Edwards Jul 2016

Determinants Of Iowa Cropland Cash Rental Rates: Testing Ricardian Rent Theory, Xiaodong Du, David A. Hennessy, William M. Edwards

William Edwards

Based on the Ricardian rent theory, this study employs the variable profit function to analyze the determinants of Iowa cropland cash rental rates using county-level panel data from 1987 to 2005. Accounting for spatial and temporal autocorrelations, responses of local cash rental rates to changes in output prices and other exogenous variables are estimated. We find that Iowa cash rental rates are largely determined by output/input prices, soil quality, relative location, and other county-specific factors. Cash rents go up by $79 for a $1 increase in corn price in the short run. The marginal value of cropland quality, as represented …


What’S New With Crop Insurance In 2008, William Edwards Jul 2016

What’S New With Crop Insurance In 2008, William Edwards

William Edwards

No abstract provided.


Farmland Rental Rates Show Continued Strength In 2012, William M. Edwards, Ann M. Johanns Jul 2016

Farmland Rental Rates Show Continued Strength In 2012, William M. Edwards, Ann M. Johanns

William Edwards

Anyone who is involved with the rental market for Iowa farmland knows that rental rates have been pushed significantly higher by the favorable corn and soybean prices that farmers have enjoyed since 2010. This trend continued in 2012.


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.


Does A Rising Biofuels Tide Raise All Boats? A Study Of Cash Rent Determinants For Iowa Farmland Under Hay And Pasture, Xiaodong Du, David A. Hennessy, William M. Edwards Jul 2016

Does A Rising Biofuels Tide Raise All Boats? A Study Of Cash Rent Determinants For Iowa Farmland Under Hay And Pasture, Xiaodong Du, David A. Hennessy, William M. Edwards

William Edwards

Iowa's farmland consists of over 16% hay crops and pastureland, a significant portion of which is under cash rental contracts. This study investigates the comparative relationships between cash rental rates for cropped land and non-cropped land, where the latter includes hay and pastureland. We find that higher crop prices resulting from biofuel demand induces land use conversion from non-cropped land to crop production and thus bids up non-cropped land rents. Compared with changes in cropped land cash rents, non-cropped farmland rents could increase by a higher percentage. Non-cropped land cash rental rates are largely determined by crop and feeder cattle …


New Survey On Farm Employee Compensation, William Edwards Jul 2016

New Survey On Farm Employee Compensation, William Edwards

William Edwards

No abstract provided.


Crop Insurance Decisions For 2010, William Edwards Jul 2016

Crop Insurance Decisions For 2010, William Edwards

William Edwards

No abstract provided.


Sharing Financial Risk Through Flexible Farm Lease Agreements, William M. Edwards, Chad E. Hart Jul 2016

Sharing Financial Risk Through Flexible Farm Lease Agreements, William M. Edwards, Chad E. Hart

William Edwards

A simulation model representing a north central U.S. corn and soybean farm was used to estimate the degree of financial risk borne by the tenant and the landlord under 10 different types of flexible cash leases. Probability distributions for yields, prices and production costs were incorporated. Measures of risk included standard deviation of profits, probability of loss, and 10th percentile value at risk. A profit sharing lease that included rent adjustments for all three variables shifted the most risk from the tenant to the landowner, and reduced the tenant's probability of incurring an economic loss from 51 percent to 37 …


Average Farmland Rental Rates Decline Modestly For 2014, William Edwards Jul 2016

Average Farmland Rental Rates Decline Modestly For 2014, William Edwards

William Edwards

No abstract provided.


2002 Crop Insurance Update—Results From 2001, William M. Edwards Jul 2016

2002 Crop Insurance Update—Results From 2001, William M. 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.


How To Price Silage And Insurance Coverage During Periods Of Drought, William Edwards Jul 2016

How To Price Silage And Insurance Coverage During Periods Of Drought, William Edwards

William Edwards

No abstract provided.


Consider Income Tax Postponement When Marketing Grain, William Edwards Jul 2016

Consider Income Tax Postponement When Marketing Grain, 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.


Machinery Management For Small- And Medium-Sized Horticultural Farms, Georgeanne M. Artz, William M. Edwards, Darren H. Jarboe Jul 2016

Machinery Management For Small- And Medium-Sized Horticultural Farms, Georgeanne M. Artz, William M. Edwards, Darren H. Jarboe

William Edwards

Machinery and equipment needs are far different for vegetable farms than for commodity production units. This project explored the unique machinery access options for small and mid-sized horticulture operations.


Farmland Rental Rates Stable For 2010, William Edwards, Steve Johnson Jul 2016

Farmland Rental Rates Stable For 2010, William Edwards, Steve Johnson

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 …


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 …


Farm Lease Types Have Different Risks And Rewards, William Edwards Jul 2016

Farm Lease Types Have Different Risks And Rewards, William Edwards

William Edwards

No abstract provided.


“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.


Default Yields Available For Acre Program, William Edwards Jul 2016

Default Yields Available For Acre Program, William Edwards

William Edwards

No abstract provided.


Crop Insurance May Help Fl Ooded And Wet Corn And Soybean Acres, William Edwards Jul 2016

Crop Insurance May Help Fl Ooded And Wet Corn And Soybean Acres, William Edwards

William Edwards

No abstract provided.


Cash Rental Rates Jump In 2007, William Edwards Jul 2016

Cash Rental Rates Jump In 2007, William Edwards

William Edwards

No abstract provided.


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.


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.


Iowa Farm Custom Rate Survey For 2012 Now Available, William Edwards Jul 2016

Iowa Farm Custom Rate Survey For 2012 Now Available, William Edwards

William Edwards

No abstract provided.


The New Common Crop Insurance Policy, William Edwards Jul 2016

The New Common Crop Insurance Policy, William Edwards

William Edwards

No abstract provided.


Machinery Sharing Manual For Fruit And Vegetable Producers, Georgeanne M. Artz, Linda L. Naeve, William M. Edwards Jul 2016

Machinery Sharing Manual For Fruit And Vegetable Producers, Georgeanne M. Artz, Linda L. Naeve, William M. Edwards

William Edwards

This manual discusses operational and organizational issues related to sharing farm machinery for fruit and vegetable production. It includes five real-life case studies of growers who shared equipment, sample sharing agreements and worksheets for allocating costs fairly. This manual highlights various options for sharing, identifies potential problems associated with sharing resources, and explains the strategies for resolving them.


Crop Insurance Decisions Related To Delayed And Prevented Planting, William M. Edwards Jul 2016

Crop Insurance Decisions Related To Delayed And Prevented Planting, William M. Edwards

William Edwards

In some years cold weather or frequent rains prevent tillage and planting from being completed as early as desired to achieve optimum yields. When this happens 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.


Producers Can Choose Their Farm Program For 2013, William Edwards Jul 2016

Producers Can Choose Their Farm Program For 2013, William Edwards

William Edwards

No abstract provided.