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Conservation Reserve Program (CRP)
18
Gross Income / Acre - $55.70
Variable … Acre Total Dollars $/Acre
INCOME:
Patronage Refunds … 55.66
Miscellaneous Income …
Conservation Reserve Program (CRP)
Percentage 100.00 %
Gross Income/Acre $38.08
Variable Cost/Acre … Expense/Acre $30.11
Gross Income/Acre $0.00
Total Expense/Acre … Refunds 10.71
Total Other Income 0.04$10.71
Labor Hired 0.95274.03
General …
Conservation Reserve Program (CRP)
Percentage 100.00 %
Gross Income/Acre $43.00
Variable Cost/Acre … Expense/Acre $37.88
Gross Income/Acre $0.00
Total Expense/Acre … Refunds 93.62
Total Other Income 0.32$93.62
Labor Hired 1.27371.85
General …
Conservation Reserve Program (CRP)
Percentage 100.00%
Gross Income/Acre $69.18
Variable Cost/Acre … Expense/Acre $67.35
Gross Income/Acre $0.00
Total Expense/Acre … Refunds 0.25
Total Other Income 0.01$0.25
Labor Hired 0.5518.64
General …
Conservation Reserve Program (CRP)
Percentage 97.96%
Gross Income/Acre $65.71
Variable Cost/Acre … Expense/Acre $36.35
Gross Income/Acre $0.00
Total Expense/Acre … Refunds 10.23
Total Other Income 0.19$10.23
Labor Hired 0.157.70
General …
Conservation Reserve Program (CRP)
Percentage 98.55%
Gross Income/Acre $59.66
Variable Cost/Acre … Expense/Acre $45.58
Gross Income/Acre $0.00
Total Expense/Acre … Refunds 11.99
Total Other Income 0.35$11.99
Labor Hired 0.020.74
General …
Conservation Reserve Program (CRP)
Percentage 98.22%
Gross Income/Acre $61.71
Variable Cost/Acre … Expense/Acre $54.54
Gross Income/Acre $0.00
Total Expense/Acre … Refunds 11.28
Total Other Income 0.40$11.28
Labor Hired 0.164.61
General …
April 1, 2015
Land Buying and Valuing
9%
2014 Non‐Irrigated Land Values
$2,296
$2,060
$1,472
$3,239
$2,825
$2,852
$5,133
$3,888
$3,140
2014 Pasture Land Values
$1,385
$1,242
$887
$1,953
$1,703
$1,720
$3,095
$2,344
$1,893
2014 Irrigated Land Values
$5,970
$5,413
$3,389
‐‐‐
‐‐‐
$6,008
‐‐‐
‐‐‐
‐‐‐
RENTS AND NET FARM INCOME
Returns to Farming
Source: KS Farm Management Association
Cash Rents
Source: USDA‐NASS
Rental Rates
• …
April 1, 2015
Land Buying and Valuing
9%
2014 Non‐Irrigated Land Values
$2,296
$2,060
$1,472
$3,239
$2,825
$2,852
$5,133
$3,888
$3,140
2014 Pasture Land Values
$1,385
$1,242
$887
$1,953
$1,703
$1,720
$3,095
$2,344
$1,893
2014 Irrigated Land Values
$5,970
$5,413
$3,389
‐‐‐
‐‐‐
$6,008
‐‐‐
‐‐‐
‐‐‐
RENTS AND NET FARM INCOME
Returns to Farming
Source: KS Farm Management Association
Cash Rents
Source: USDA‐NASS
Rental Rates
• …
General Sessions
Major Programs Eliminated: Dairy Product Price Support Program and the
Dairy Export Incentive Program
¨ Milk Income Loss Contract Program is repealed as of July 1, 2013
¨ … The Senate Farm Bill would require a payment of at least $10 per year
from the Low Income Home Energy Assistance Program (LIHEAP) to
lif …