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Published byЗуска Огњеновић Modified over 6 years ago
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Corn Economics Corn Production School February 7, 2006 Mike Duffy
Director, Beginning Farmer Center
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Outline Historical cost division
Cost data from Iowa Farm Business Association Impact of higher energy prices Returns Future
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Iowa Farm Business Association
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Energy Cost Impacts
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Government Programs
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Average Government Payments, 1995-2004
Source: Environmental Working Group, 2002 Census of Agriculture
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Capitalized Value of Government Payments as a Percentage of Land Value
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Government Payments/NFI 2000 - 2004
Source:USDA/ERS
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Revenue
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Future Level and type of government payments will be an issue in profitability without other offsets Ethanol demand could have a significant impact especially over the next few years Energy costs will be more of a factor in the years to come Farmers will need to carefully evaluate technology traits and determine which ones are profitable for them
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Future More production and marketing based on attributes will provide a key for profitability The market will continue to segment based on attributes not simply volume For the foreseeable future Iowa will stay in corn production although there may be some geographical shifts
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Thank you! For more information contact me or visit our web site;
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