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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.


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.


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.


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.


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.


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.


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 …


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.


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 …


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.


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 …


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.


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 …


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.


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.


Insurance Coverage For Drought-Damaged Crops, William M. Edwards Jul 2016

Insurance Coverage For Drought-Damaged Crops, William M. Edwards

William Edwards

Nearly 90 percent of the corn and soybean acres in Iowa are covered by multiple peril crop insurance. Drought damage is an insurable loss under these policies. Producers should consult with their crop insurance agents before harvesting or destroying any drought-damaged crops, however.


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 …


Grain Producers Need To Consider Crop Insurance Options For Late Planting And Replanting, William M. Edwards Jul 2016

Grain Producers Need To Consider Crop Insurance Options For Late Planting And Replanting, William M. Edwards

William Edwards

The frequent rains that have soaked Iowa this year have left many corn and soybean fields with areas where little or no production will be realized. Many producers are wondering what options they have under their multiple peril crop insurance policies.