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July 20, 2010
Energy
projections for grain and livestock were taken “as is” from … DDGS substitutes for corn in livestock feed rations on a pound … production, other FSI use, and livestock feeding in order to meet …
January 18, 2012
Leasing Papers
and Presentations
Projected Pasture Rental Rates for 2012
Kevin C. Dhuyvetter
Department of Agricultural Economics, Kansas State University
January 2012
It’s that time of year when livestock producers and landowners look to warming
weather and grass turning green and thus the need to negotiate pasture rental rates for the
upcoming grazing season. Often the starting point in negotiations is what was charged last year
and then a determination is made as to whether or not that value should be changed for the
current year. A valuable source of information historically available to look at the previous year
was the average rental rates reported in the annual Bluestem Pasture Release published by the
Kansas Department of Agriculture Statistics Division (Kansas Ag Statistics) (historical reports are
available at
www.nass.usda.gov/Statistics_by_State/Kansas/Publications/Economics_and_Misc/Bluestem/).
This survey collected data on rental rates in the Flint Hills of Kansas for various types of cattle
and stocking programs (i.e., different weights of stocker cattle for both season long and early
intensive and spring‐ and fall‐calving cow herds). Unfortunately, due to budget constraints this
survey was discontinued after 2009 and thus producers and landowners who have relied upon
that information in the past need to find an alternative source of information.
One alternative source of information is the USDA NASS survey of cash rental rates at
the county level. This information for Kansas is summarized in 2011 Kansas County‐Level Land
Values and Cash Rents available at www.agmanager.info/farmmgt/land/lease/. The
disadvantage of this information is that rental rates are reported only as dollars per acre
without any supporting information pertaining to stocking rates. Without knowing anything
about stocking rate, information on pasture rental rates per acre has limited value when setting
rates for specific tracts of land.
Many factors impact the rental rate for any particular tract of land (e.g., forage quality,
stocking rate, size of pasture, quality of fence, water availability, landowner/tenant
relationship), however, an examination of historical data indicates there are three factors that
explain much of the variability in average rental rates over time. First, rates trend up over time
and thus are expected to increase from year‐to‐year, all else equal. Second, rates are positively
related to cattle prices, i.e., rental rates tend to increase more when cattle prices are high
compared to when cattle prices are low. Third, rental rates are positively related to corn prices
suggesting that producers are willing to pay more to rent grass when feed prices are high.
These relationships have been quantified and embedded in a decision tool that allows
producers and landowners to predict average rental rates given assumptions about these three
factors (i.e., year, feeder cattle price, and corn price) (see Determining Pasture Rents in the
Kansas Flint Hills and corresponding decision tool available on www.AgManager.info (direct link
www.agmanager.info/farmmgt/land/lease/). …
Price Risk Publications
Department
Director
Research Institute on Livestock Pricing
Virginia Tech
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November 30, 2016
Grain Marketing Presentations
supported U.S. domestic use
o Livestock Feed2016/17 = 5.650 bln bu …
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Applies to real estate only, livestock and
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June 4, 2013
Agribusiness Papers
stress.
Figure 7 shows the livestock sectors of beef, dairy, hog …
November 12, 2015
2015 Crop Insurance Workshop Presentations
27,253 27,253 27,253 27,253 Livestock Income 150,752 198,120 …