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Wheat
owned land. Land Charge = Production from owned land X price per … X price per unit on owned production
X 25% (non-irrigated) or … or 20% (irrigated). Crop production paid to landlord on rented …
No-Till Wheat
owned land. Land Charge = Production from owned land X price per … X price per unit on owned production
X 25% (non-irrigated) or … or 20% (irrigated). Crop production paid to landlord on rented …
Reduced-Till Wheat
owned land. Land Charge = Production from owned land X price per … X price per unit on owned production
X 25% (non-irrigated) or … or 20% (irrigated). Crop production paid to landlord on rented …
Grain Sorghum, Non-Irrigated Grain Sorghum
owned land. Land Charge = Production from owned land X price per … X price per unit on owned production
X 25% (non-irrigated) or … or 20% (irrigated). Crop production paid to landlord on rented …
No-Till Grain Sorghum, Non-Irrigated No-Till Grain Sorghum
owned land. Land Charge = Production from owned land X price per … X price per unit on owned production
X 25% (non-irrigated) or … or 20% (irrigated). Crop production paid to landlord on rented …
August 8, 2016
Breakout session presentations
undergraduate courses in production economics and futures
markets … undergraduate courses in production economics and futures
markets …
General Sessions
more participants, better
production practices, better rates … more participants, better
production practices, better rates …
Breakout Sessions
Land prices level off or drop modestly
• Stability in Ag Production ‐ no return to boom
level incomes nor a return to pre‐boom levels
of income
Third Scenario: Land Prices Drop
Drastically
• … Some frustration with not knowing what the
price should be
Summary
• The averages show production agriculture to
be in great financial shape—low debt to asset
ratio
• …
Breakout Sessions
if:FLSA applies if:
–>$500,000 gross revenue OR
–Products are interstate commerce productsp
• … …