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December 1, 2003
Leasing Papers
and Presentations
this paper discusses the economic principles of crop share … share rental arrangements. Economic theory says that equilibrium … equitable lease is
that economic profits are shared in the …
July 29, 2013
Research Papers and Presentations
University - Agricultural Economics
Page 1 Publication: GI-2013.1
A … University - Agricultural Economics
Page 2 Publication: GI-2013.1
Std … University - Agricultural Economics
Page 3 Publication: GI-2013.1
Figure …
February 5, 2013
Macro and Global Economic Perspectives
85.”
American Journal of Agricultural Economics 69(3): 532‐546, and Federal Reserve Board of Governors
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Negative Real Interest Rates
How does monetary policy work when nominal short‐
term interest rates are at the zero bound?
Central Bank
Short‐term
interest rates
Bank Reserves
Bank Credit …
January 18, 2012
Leasing Papers
and Presentations
Projected Pasture Rental Rates for 2012
Kevin C. Dhuyvetter
Department of Agricultural Economics, Kansas State University … tistics Division (Kansas Ag Statistics) (historical reports are
available at
www.nass.usda.gov/Statistics_by_State/Kansas/Publications/Economics_and_Misc/Bluestem/).
This survey collected data on rental rates in the Flint Hills of Kansas for various types of cattle
and stocking programs (i.e., different weights of stocker cattle for both season long and early
intensive and spring‐ and fall‐calving cow herds). Unfortunately, due to budget constraints this
survey was discontinued after 2009 and thus producers and landowners who have relied upon
that information in the past need to find an alternative source of information.
One alternative source of information is the USDA NASS survey of cash rental rates at
the county level. This information for Kansas is summarized in 2011 Kansas County‐Level Land
Values and Cash Rents available at www.agmanager.info/farmmgt/land/lease/. The
disadvantage of this information is that rental rates are reported only as dollars per acre
without any supporting information pertaining to stocking rates. Without knowing anything
about stocking rate, information on pasture rental rates per acre has limited value when setting
rates for specific tracts of land.
Many factors impact the rental rate for any particular tract of land (e.g., forage quality,
stocking rate, size of pasture, quality of fence, water availability, landowner/tenant
relationship), however, an examination of historical data indicates there are three factors that
explain much of the variability in average rental rates over time. First, rates trend up over time
and thus are expected to increase from year‐to‐year, all else equal. Second, rates are positively
related to cattle prices, i.e., rental rates tend to increase more when cattle prices are high
compared to when cattle prices are low. Third, rental rates are positively related to corn prices
suggesting that producers are willing to pay more to rent grass when feed prices are high.
These relationships have been quantified and embedded in a decision tool that allows
producers and landowners to predict average rental rates given assumptions about these three
factors (i.e., year, feeder cattle price, and corn price) (see Determining Pasture Rents in the
Kansas Flint Hills and corresponding decision tool available on www.AgManager.info (direct link
www.agmanager.info/farmmgt/land/lease/). …
Breakout Sessions
master’s degree in
agricultural economics from the University of Arkansas … his Ph.D. in
Agricultural Economics with emphases in spatial … master’s degree in
agricultural economics from the University of Arkansas …
Breakout Sessions
the Dept. of Agricultural Economics at Kansas State
University … the
Dept. of Agricultural Economics at Purdue University from … the Dept. of Agricultural Economics at Kansas State
University …
Breakout Sessions
his Ph.D. in Agricultural Economics from Iowa State University … Professor of Agricultural Economics, he has taught classes in … Futures Markets, Managerial
Economics and Applied Econometrics …
August 22, 2013
Other
What best describes your sentiment regarding the
long run economic prospects of the U.S. beef‐cattle
industry?
66%
1 … 2
What best describes your sentiment regarding the
long run economic prospects of the U S beef … U S beef cattlelong run economic prospects of the U.S. beef‐cattle
industry?
73%1 …
June 15, 2012
Tonsor
Dept. of Agricultural Economics
Kansas State University … State University
1
Economic Outlook Overview:
Cow-Calf … 2008-2010
Do some regions have an economic
advantage for expansion …
June 12, 2012
Tonsor
Dept. of Agricultural Economics
Kansas State University … Feeds
Manhattan, KS
1
Economic Outlook Overview:
Cow-Calf … 2008-2010
Do some regions have an economic
advantage for expansion …