Ag Decision Maker updates – February 2024

Newsletter articles

Farmers and other small entities may need to file beneficial ownership reports
Cattle, sheep inventory cycles are changing
Cybersecurity takes a community
Mixed messages on exports
Landowner education program

Information Files

Historical Costs of Crop Production — A1-21
Farm Bill Programs: Data and Methods for ARC-County and PLC — A1-33
Livestock Planning Prices — B1-10
Historical Hog and Lamb Prices — B2-10
Historical Cattle Prices — B2-12
Cattle Marketing Decisions — B2-35
Lean Hog Basis — B2-41
Live Cattle Basis — B2-42
Feeder Cattle Basis — B2-43
Feeder Steer-Heifer Price Spread — B2-45

Decision Tools

ARC-CO & PLC Per Acre Payment Estimator for Iowa, 2024-2025 — A1-33
ARC-CO & PLC Per Acre Payments Projections for Iowa, 2019-2023 — A1-33
Supplemental Coverage Option (SCO) and Enhanced Coverage Option (ECO) County Yields for Iowa — A1-44
Cow Sell Calculator — B2-35
Cow Repurchase Calculator — B2-35
Metric Conversions — C6-80
Estimated Storage Capacity for Grains, Forages, and Liquids — C6-82

Ag Decision Maker

An agricultural economics and business website.

Position open! Farm Management – Northeast Iowa – Agriculture and Natural Resources Extension Specialist

Join our team!

NE Iowa Farm Management Position – open now! Application deadline is February 11, 2024.

This position will focus on all aspects of farm and agricultural business management and entrepreneurial activities. Program leadership areas include agricultural marketing; government agricultural programs; and human resources issues on the farm. Team programming will also include agricultural financial management; farm lease contracts and land management; economics of crop and livestock production; risk management tools; and other farm management related program areas. In addition, this position will be part of the core farm management team and assist with statewide programming and area interdisciplinary team efforts. Program audiences include farmers, farm families, landowners, agricultural businesses, cooperatives, farm organizations, commodity groups, citizen organizations, community colleges, and mass media.

Apply today to join our team!

Ag Decision Maker

An agricultural economics and business website.

Ag Decision Maker updates – January 2024

Newsletter Articles

Newsletter thumbnail

“Would You Rather” pork market edition

Another strong production year

Keys to understanding cattle market report lingo

Information Files, Decision Tools, and Video

Crops — Costs & Returns

Crops — Storage & Markets

Crops — Outlook

Livestock — Outlook & Prices

Whole Farm — Costs & Returns

Whole Farm — Human Resources

Ag Decision Maker

An agricultural economics and business website.

Farmland Leasing Resources

Farmland leasing is a popular topic of conversation year round in Iowa with much of Iowa farmland under a rental agreement. Ag Decision Maker has a multitude of information relating to leasing arrangements under the Whole Farm – Leasing section, https://www.extension.iastate.edu/agdm/wdleasing.html .

Ag Decision Maker (AgDM) includes rental rate surveys, forms, and information on agreements and types of leases. Survey information includes farmland cash rental rate surveys from ISU Extension and Outreach and USDA, and historical county cropland cash rental rates. Forms are available for lease agreements; lease supplements for farm, conservation, and drainage improvements; and farm lease termination notice. Information on types of leases covers cash, flexible cash, crop share, pasture, building, storage, or beef cow leases. Additional information related to leasing arrangements is available on improving a farm lease contract, legal considerations, farm resumes or newsletters, and self-employment tax.

Ag Decision Maker Resources:

Resources that are commonly requested related to farmland leasing include the following publications.

ISU Farmland Cash Rental Rate Survey includes cash rental rates for the listed year by state, region, and county. Rates are represented for tillable farm ground, hay, oats, corn stalk grazing, and hunting rights.

Computing a Cropland Cash Rental Rate explains ways to compute to a farmland cash rental rate.

Flexible cash leases a topic that has brought about an increase of questions and interest over the past few years. The publication Flexible Farm Lease Agreements  lays the groundwork for these types of leases. The publication Flexible Cash Rent Lease Examples  gives additional examples of flexible cash lease agreements.

A farmland lease contract is an agreement between two or more individuals; the Center for Agricultural Law and Taxation provides insight to the legal and taxation issues surrounding farmland leases in the publication Iowa Farm Leases – Legal, Economic, and Tax Considerations.

Other Resources:

Ag Lease 101 a product of the North Central Farm Management Extension Committee which is represented by several universities across the Mid-West. On Ag Lease 101 under the documents tab, individuals can find lease publications and forms for fixed and flexible cash, crop share, pasture, and beef cow rental arrangements.

Web Soil Survey (WSS) is a resource that provides soil data and information. Individuals can use WSS to find the soil types and related information for their farm. Assistance for using Web Soil Survey to map and find Iowa Corn Suitability Ratings is also available on the Ag Decision Maker website.

These documents and the information on AgDM can get an individual started on setting a farmland cash rental rate for the following lease year. Your local ISU Extension and Outreach Farm Management Field Specialist can assist with individual questions; you can find the specialist in your area by clicking on the respective county or area on the map on the following webpage, https://www.extension.iastate.edu/ag/farm-business-management-0.

Ag Decision Maker

An agricultural economics and business website.

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