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Is This Farm Boom Different?

Federal Reserve Bank of Kansas City Symposium, July 16-17, 2012 – Conference Rapporteur: Is This Farm Boom Different? | This has been a very stimulating and informative symposium. First,I will summarize the key “take-aways” of the presentations from my perspective. Then I will make some additional observations and identify some key uncertainties that are shaping the future of agriculture–“what to watch” in these turbulent times.

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Farmland Values – Will the Boom Turn Bust?

Rapid increases in agricultural incomes and asset values have brought back memories of previous booms and busts. Henderson, Gloy, and Boehlje (2011) chronicled previous agricultural booms and busts noting that they have often corresponded to rapid expansions and contractions of agricultural exports. As in previous eras, today’s agricultural boom has been fueled by increases in export demand. A key difference however, is the dramatic increase in domestic demand associated with the use of biofuels.

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Investment and Financing Behavior of Farmers: Responding to Boom and Bust Times

Although the U.S. farming sector has exhibited very strong financial performance during the past 5-7 years in terms of income generation, cash flow and debt servicing capacity, and equity accumulation, that strong performance has been accompanied by increased risk.

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Farmland Values: Perspectives from the Field

After the weather, farmland values might well be the second most popular topic of conversation among farmers. Those with more than 30 years of experience in farming likely remember the 1980s with clarity.

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How Carbon Dioxide Offsets and Other Policies Impact the Financial Feasibility for Anaerobic Digestion Systems on US Dairy Farms

Anaerobic digestion (AD) of livestock waste presents a potential technological solution to the challenges of renewable energy production, greenhouse gas mitigation, and livestock waste management. While AD systems have been commercially available for many years, they have not been widely adopted on U.S. livestock operations.

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Is the Current Farm Prosperity Sustainable?

Agriculture is a notoriously cyclical industry, and is now experiencing one of its “boom” times. Given agriculture’s previous boom and bust cycles, it is logical to ask what might be different this time – will today’s robust incomes and wealth continue and what are the consequences if they do not?

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2012 Crop Cost and Return Guide

The Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. These are the January 2012 crop budget estimations.

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Pasture Rental Arrangements

The purpose of this publication is to help tenants and landlords make sound decisions and develop workable pasture rental arrangements. The publication demonstrates how to determine the landowner and livestock owner contributions to livestock production and how to use that to arrive at agreeable leasing arrangements.

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Fixed and Flexible Cash Rent Agreements for Your Farm

Rental arrangements for cropland vary widely from one geographic area to another. What is desirable or equitable for one particular landowner/operator relationship is not acceptable for others. The purpose of this publication is to help operators and landowners develop equitable cash-rent arrangements and assist them in making sound decisions based on an equitable evaluation of resources.

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The Economics of Prevented Planting

With corn planting in the Eastern Corn Belt significantly behind schedule, many farmers are beginning to consider the possibility that exercising the prevented planting provisions in some crop insurance products may become a realistic option.

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