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Articles 1 - 30 of 51
Full-Text Articles in Social and Behavioral Sciences
Delayed Planting, Prevented Planting And Replanting Crop Insurance Coverage, Steven D. Johnson, William M. Edwards
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 …
Ag Decision Maker: Combine Ownership Or Custom Hire, William M. Edwards, H. Mark Hanna
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.
Compensation Of Farm Employees, William M. Edwards
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
Delayed Planting, Prevented Planting And Replanting Crop Insurance Coverage, Steven D. Johnson, William M. Edwards
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
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
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
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
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 …
Sharing Financial Risk Through Flexible Farm Lease Agreements, William M. Edwards, Chad E. Hart
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 …
Delayed Planting, Prevented Planting And Replanting Crop Insurance Coverage, Steven D. Johnson, William M. Edwards
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 …
Insurance Coverage For Drought-Damaged Crops, William M. Edwards
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.
Sharing Financial Risk Through Flexible Farm Lease Agreements, William M. Edwards, Chad E. Hart
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 …
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
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 …
Important Crop Insurance Dates, William M. Edwards
Important Crop Insurance Dates, William M. Edwards
William Edwards
Even the best crop insurance plan is of little use if the right information is not collected and submitted on time. Likewise, if certain actions are not completed by the necessary date, producers may not receive full benefit from the risk protection that they have selected.
Combine Harvester Econometric Model With Forward Speed Optimization, Nathan E. Isaac, Graeme R. Quick, Stuart J. Birrell, William M. Edwards, Bruce A. Coers
Combine Harvester Econometric Model With Forward Speed Optimization, Nathan E. Isaac, Graeme R. Quick, Stuart J. Birrell, William M. Edwards, Bruce A. Coers
William Edwards
A combine harvester econometric simulation model was developed with the goal of matching the combine forward speed to the maximum harvested net income per acre. The model considers the machinery management costs of owning a combine and platform header for harvesting wheat. A statistical Design of Experiment (DOE) was used to evaluate the model using tri-level variables; the medium values constituted the model base case. Of the 27 input variables, the optimum speed was significantly influenced by the crop area, G/MOG ratio, grain unit price, field yield, field efficiency, grain moisture content, probability of a working day in the post-optimum …
Farmland Rental Rates Show Continued Strength In 2012, William M. Edwards, Ann M. Johanns
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.
Iowa Farmers' Decisions To Enroll In The Average Crop Revenue Election (Acre) Program, William M. Edwards
Iowa Farmers' Decisions To Enroll In The Average Crop Revenue Election (Acre) Program, William M. Edwards
William Edwards
In 2009 Iowa farmers who had at least some land enrolled in the existing DCP program offered by FSA were given the opportunity to switch to an alternative called ACRE. Despite having access to information about the program and utilizing electronic decision aids, only 27.5% of the operators surveyed enrolled at least one farm in ACRE. Those who did enroll cited a desire for more risk protection and a belief that payments from ACRE would exceed the value of the direct payments they had to give up. The primary reasons operators gave for not enrolling were the program was too …
Farmland Rental Rates Show Continued Strength In 2012, William M. Edwards, Ann M. Johanns
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.
Sharing Financial Risk Through Flexible Farm Lease Agreements, William M. Edwards, Chad E. Hart
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 …
Delayed Planting, Prevented Planting And Replanting Crop Insurance Coverage, Steven D. Johnson, William M. Edwards
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 …
Ag Decision Maker: Combine Ownership Or Custom Hire, William M. Edwards, H. Mark Hanna
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.
Iowa Farmers' Decisions To Enroll In The Average Crop Revenue Election (Acre) Program, William M. Edwards
Iowa Farmers' Decisions To Enroll In The Average Crop Revenue Election (Acre) Program, William M. Edwards
William Edwards
In 2009 Iowa farmers who had at least some land enrolled in the existing DCP program offered by FSA were given the opportunity to switch to an alternative called ACRE. Despite having access to information about the program and utilizing electronic decision aids, only 27.5% of the operators surveyed enrolled at least one farm in ACRE. Those who did enroll cited a desire for more risk protection and a belief that payments from ACRE would exceed the value of the direct payments they had to give up. The primary reasons operators gave for not enrolling were the program was too …
Sharing Financial Risk Through Flexible Farm Lease Agreements, William M. Edwards, Chad E. Hart
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 …
Iowa Farmers' Decisions To Enroll In The Average Crop Revenue Election (Acre) Program, William M. Edwards
Iowa Farmers' Decisions To Enroll In The Average Crop Revenue Election (Acre) Program, William M. Edwards
William Edwards
In 2009 Iowa farmers who had at least some land enrolled in the existing DCP program offered by FSA were given the opportunity to switch to an alternative called ACRE. Despite having access to information about the program and utilizing electronic decision aids, only 27.5% of the operators surveyed enrolled at least one farm in ACRE. Those who did enroll cited a desire for more risk protection and a belief that payments from ACRE would exceed the value of the direct payments they had to give up. The primary reasons operators gave for not enrolling were the program was too …
Delayed Planting, Prevented Planting And Replanting Crop Insurance Coverage, Steven D. Johnson, William M. Edwards
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 …
Insurance Coverage For Drought-Damaged Crops, William M. Edwards
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.
Combine Harvester Econometric Model With Forward Speed Optimization, Nathan E. Isaac, Graeme R. Quick, Stuart J. Birrell, William M. Edwards, Bruce A. Coers
Combine Harvester Econometric Model With Forward Speed Optimization, Nathan E. Isaac, Graeme R. Quick, Stuart J. Birrell, William M. Edwards, Bruce A. Coers
William Edwards
A combine harvester econometric simulation model was developed with the goal of matching the combine forward speed to the maximum harvested net income per acre. The model considers the machinery management costs of owning a combine and platform header for harvesting wheat. A statistical Design of Experiment (DOE) was used to evaluate the model using tri-level variables; the medium values constituted the model base case. Of the 27 input variables, the optimum speed was significantly influenced by the crop area, G/MOG ratio, grain unit price, field yield, field efficiency, grain moisture content, probability of a working day in the post-optimum …
Flood Damaged Crops, Crop Insurance Payments And Lease Contracts, William M. Edwards
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.
Ag Decision Maker: Combine Ownership Or Custom Hire, William M. Edwards, H. Mark Hanna
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.
Important Crop Insurance Dates, William M. Edwards
Important Crop Insurance Dates, William M. Edwards
William Edwards
Even the best crop insurance plan is of little use if the right information is not collected and submitted on time. Likewise, if certain actions are not completed by the necessary date, producers may not receive full benefit from the risk protection that they have selected.