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Farm Leasing Arrangements Trends

Farm Leasing Arrangements Trends. Tim Eggers Field Ag Economist Iowa State University Extension. Presentation Components. Farmland Value Trends Current Cash Lease Rates and Trends Farmland Leasing Trends and Emerging Issues. Average Value - All Grades (Nominal Dollars).

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Farm Leasing Arrangements Trends

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  1. Farm Leasing ArrangementsTrends Tim Eggers Field Ag Economist Iowa State University Extension

  2. Presentation Components • Farmland Value Trends • Current Cash Lease Rates and Trends • Farmland Leasing Trends and Emerging Issues

  3. Average Value - All Grades(Nominal Dollars)

  4. Average Value - All Grades(1982-84 Dollars)

  5. Percentage Change(Nominal Dollars)

  6. Percentage Change(1982-84 Dollars)

  7. 2003 Land Buyers

  8. Land Buyers - 1989 - 2003

  9. 2003 Sales Activity

  10. Sales Activity - 1987-2003

  11. Positive Factors

  12. Negative Factors

  13. Distribution of Iowa FarmlandBy Ownership Type and Year

  14. Distribution of Iowa FarmlandBy Tenure Type and Year

  15. Distribution of Iowa FarmlandBy Financing Method and Year

  16. Distribution of Iowa FarmlandBy Age of Owner and Year

  17. Distribution of Iowa FarmlandBy Residence of Owner and Year

  18. Federal Reserve Bank of Chicago http://www.chicagofed.org/publications/agletter/may_2004.pdf

  19. Realtors Land Institute http://www.centralstatesland.com/pdf/ltv3-18-2004.pdf

  20. Iowa Farmland Value Surveys • Iowa State University Extension • conducted annually around November 1st • mailed survey sent to 1,100 licensed real estate brokers • usually 500-600 responses • released in mid-December • Federal Reserve Bank of Chicago • quarterly survey of ag lenders by state • http://www.chicagofed.org/economic_research_and_data/ag_letter.cfm • Realtors Land Institute • semi-annual survey (March and September) • compares land classification by corn production • includes pasture and timber land • http://www.centralstatesland.com/csmlsdisplay.asp?id=ed01

  21. Land Ownership, Gender and Age

  22. Leased Farmland, Gender and Lease Type

  23. Farmland Tenure in Iowa % of All Acres

  24. Number of responses 1993–02 av. corn 1993–02 av. bean Avg. row crop CSR Corn and soybean cash rent $/acre Overall average High quality third Average Range Medium quality third Average Range Low quality third Average Range Typical corn yield High third Medium third Low third Average rents per Per bushel of corn Per bushel of bean Rent per CSR index Oats, hay, and pasture, Alfalfa hay Grass hay Oats Tillable pasture Improved pasture Permanent pasture Pasture, $/AUM Cornstalks Iowa Cash Rent Survey

  25. Returns to Owner, Corn

  26. Net Returns to Tenant, Corn

  27. Returns to Owner, Soybeans

  28. Net Returns to Tenant, Soybeans

  29. Farmland managed by a professional farm manager by ownership type A Includes both limited liability corporation and corporations * Denotes significant difference relative to 2002 figure at the 5 percent level

  30. Characteristics of Leased Farmland

  31. Farm Land Leasing Characteristics

  32. Farm Land Leasing Characteristics

  33. Farm Land Leasing Characteristics

  34. Farm Land Leasing Characteristics

  35. Farm Land Leasing Characteristics

  36. Farm Land Leasing Characteristics

  37. Farm Land Leasing Characteristics

  38. Farm Land Leasing Characteristics

  39. Farm Land Leasing Characteristics

  40. Farm Land Leasing Characteristics

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