1. Economics of Crop Production
Ag Credit School
Ames, Iowa
June 5, 2018
Chad Hart
Associate Professor/Crop Markets Specialist 1 1

2. Iowa Crop Shifts
Source: USDA-NASS

3. Iowa Farms and Farmland
Source: USDA-Census of Ag.

4. Productivity
Source: USDA-ERS

5. Change in Input Structure
Source: USDA-ERS

6. Iowa Yields
Source: USDA-NASS

7. Iowa Corn Costs
Source: AgDM A1-21

8. Iowa Soybean Costs
Source: AgDM A1-21

9. Iowa Corn Costs Overall 64% increase 56% 47% 83% 53%
Source: AgDM A1-21

10. Iowa Soybean Costs Overall 60% increase 56% 32% 70% 65%
Source: AgDM A1-21

11. Iowa Corn Prices vs. Costs

12. Iowa Soybean Prices vs. Costs

13. U.S. Corn Supply and Use
Supply
Demand
Source: USDA-WAOB 13 13

14. Arable Land

15. Corn Use for the Next Decade
Source: USDA-OCE

16. Soybean Use for the Next Decade
Source: USDA-OCE

17. U.S. Meat Production
Source: USDA-OCE

18. GDP Growth
Source: USDA-OCE

19. U.S. Crude Oil Prices
Source: USDA-ERS

20. World Corn Markets
Source: USDA 20 20

21. Crop Prices for the Next Decade
Source: USDA-OCE

22. Farm Incomes
Source: USDA-ERS

23. Revenues vs. Costs
Source: USDA-OCE

24. Revenue Mix
Source: USDA-ERS

25. Crop Price Seasonal Patterns
Source: USDA, NASS,
Monthly Price Data

26. Seasonal Patterns: Prices vs. Marketings

27. Seasonal Patterns: Prices vs. Marketings

28. A Multi-dimensional Issue
Source: Takle et. al., 2013

29. Thank you for your time. Any questions. My web site: http://www2. econ
Thank you for your time! Any questions? My web site: Iowa Farm Outlook: Ag Decision Maker: