Tuesday, July 23, 2013

Illinois: Farmland Ownership and Rental Percentages 2007-12

AgFax.Com - Your Online Ag News Source


Data from Illinois grain farms were used to evaluate how ownership and tenure percentages have changed over time. Between 2011 and 2012, there has been a shift away from share rental arrangements. Percent of farmland owned increased in northern and southern Illinois.




Data and Trends

Data from the Illinois Farm Business Farm Management (FBFM) Association was used to calculate the percent of land owned, share rented, and cash rented by Illinois grain farms.

Table 1 reports results for farms that received the majority of their farming income from grain operations and operated at least 260 acres. Livestock and smaller grain farms likely would own a higher percentage of farmland than shown in Table 1.
tab1.jpg
In 2012, grain farms in northern Illinois owned 19 percent of the farmland they operated, share rented 23 percent, and cash rented 58 percent. Farms in central Illinois owned less of their farmland and share rented more of their farmland than did farms in northern Illinois. Central Illinois farms owned 14 percent of the farmland operated, share rented 49 percent, and cash rented 37 percent. Southern Illinois farms owned a higher percentage of their farmland than did farms in northern and central Illinois. Farms in southern Illinois owned 21 percent of the farmland operated, share rented 41 percent, and cash rented 38 percent.

Two recent changes are noticeable. First, the percent of share rented farmland decreased between 2011 and 2012. In northern Illinois, the share rent percent decreased form 25 percent in 2011 to 23 percent in 2012. In central Illinois, the percent of farmland share rented decreased from 51 percent in 2011 to 49 percent in 2012. These declines between 2011 and 2012 were more pronounced than between other years shown in Table 1. Over time, there has been a shift away from share rent in all regions of Illinois. For example, share rent percentages for all regions were higher in 2007 for all regions than in 2012 (28 percent in 2007 to 23 percent in 2012 in northern Illinois, 53 percent in 2007 to 49 percent in 2012, and 43 percent in 2007 to 41 percent in 2012 in southern Illinois). Generally, this farmland leaving share rent has shifted over to cash rent.

The second noticeable trend is an increase in percent of farmland owned in 2012 in northern and southern Illinois. In northern Illinois, owned farmland increased from 18 percent in 2011 to 19 percent in 2012. Southern Illinois increased from 20 percent in 2011 to 21 percent in 2012. In the last several decades, increases of percent of farmland owned are rare. Whether these increases are a trend or an anomaly will be revealed with time.

Summary

Over several decades, there has been a movement away from share rent towards cash rent. There was a larger than usual switch away from share rent arrangement between 2011 and 2012. Percent of farmland owned increased between 2011 and 2012 in northern and southern Illinois. It will be interesting to see how percentages change in future years as prices likely return closer to long-run levels.

To see the original article click here.

 Gary Schnitkey


Tags: , , , , ,


Leave a Reply

Name and Email Address are required fields. Your email will not be published or shared with third parties.

Sunbelt Ag News

    DTN Cotton Open: Higher in Subdued Dealings10-22

    DTN Livestock Open: Trade Off to Sluggish Start10-22

    DTN Grain Open: All 3 Commodities Begin Higher10-22

    National Cotton Council Commends Timely APH Announcement10-22

    Keith Good: APH Yield Exclusion Implementation Draws Praise — Mostly10-22

    Grain TV: Positive News for Soybeans10-21

    DTN Livestock Close: Cattle Futures Move Lower10-21

    Wheat Growers to Seek Inclusion in APH Yield Exclusion for 2015 – DTN10-21

    Doane Cotton Close: Positive Chinese Economy Boosts Prices10-21

    Farm Shop Dream Requires Thoughtful Planning – DTN10-21

    DTN Cotton Close: Snaps String of Five Lower Finishes10-21

    DTN Grain Close: Higher on Harvest Delay10-21

    USDA: Weekly National Peanut Prices10-21

    USDA to Implement APH Yield Exclusion for 2015 Spring Crops10-21

    DTN Livestock Midday: Light Pressure Redevelops in Hog Futures10-21

    Arkansas: USA Rice Outlook Conference Set Dec. 7-9 in Little Rock10-21

    AgFax Cotton Review: Lower Acres May Close Mill; Australia Acres Up10-21

    DTN Grain Midday: Soybeans Lead Markets Higher10-21

    DTN Fertilizer Trends: High Costs May Alter Growers’ Tactics for 201510-21

    AFB Grain-Soybean Close: Wheat, Soybeans Down, Slight Gains in Corn10-20

    AFB Cotton Close: Selling Accelerates10-20

    AFB Rice Close: Reverses Off Positive Early Trade10-20

    Herbicide Resistant Weed Summit’s Slides, Webcast Available Online10-20

    Rice and Sugar: Thailand’s Quest for World Domination10-20

    AgFax Peanut Review: NM Down 6M Pounds as State Celebrates 100 Year Crop10-20

    Livestock: WTO Rules Against U.S. in COOL Dispute — DTN10-20

    Wheat Scientists, Breeders Advocate Biotech Crop — DTN10-20

    Good on Grain: Storage Issues May be Less Severe Than Anticipated10-20

    Brazil Soybeans: Planting Falls Further Behind — DTN10-20

    Flint on Crops: Cover Crops Provide Many Benefits10-20

    New Holland Combine Sets Guinness Harvest Record10-18

    Rice Market: Sideways Movement Continues10-17

    Rice Crop: Delta Region Saw Harvest Delays with Storms10-17

    Rose on Cotton: Dec Contract Still Under Pressure10-17

    Cleveland on Cotton: Exports Lowest in ‘My Memory’10-17

    Brazil: Beef Production Steps Up Over Next 10 Years10-17

    Soybeans: Neonic Seed Treatment Little or No Benefit, says EPA – DTN10-17

    Informa Forecast: Soybean Acres Up 4.3M in 2015 – DTN10-17

    DTN Grain Close: Prices Down for the Day, Positive for the Week10-17

    Crop Margins Tighten, Living Expenses Not Far Behind10-17

    USDA: Peanut Price Highlights10-17

    Georgia: 6 Counties Declared Natural Disaster Areas10-17

    Livestock: WTO Ruling on Country of Origin Labeling Expected Soon — DTN10-17

    U.S. Energy: Narrowing Brent-WTI Spread Impacts Global Crude Markets10-17

    Gasoline Prices: Show 9-Cent Decline10-17

    Propane Stocks: Rise by 0.7M Barrels10-17

    Diesel Prices: Average Decreases 4 Cents10-17

    Georgia Blueberries: State Leads Nation in Production — 96M Pounds10-17

    Farm Bill Contingency Plans: How Optimistic are You? – DTN10-16

    Arkansas Agriculture Secretary Calhoun Retiring10-16

    Georgia: Waste Pesticide Disposal, Quitman, Oct. 3010-16

    Global Ag: Ebola Hits West Africa Hard – DTN10-16

    Grain Markets: Crop Prices Up After Bearish USDA Report10-16

    Brazil Soybeans: Dry Conditions Put Planting on Hold10-16

    U.S. Grain Transportation: Rail Backlog Grows, Secondary Bids Spike10-16

    U.S. Drought Outlook: Improvements for Southwest, Southern CA10-16

    Coarse Grain Outlook: Record Corn Yields Produce Record Crop10-16

    Rice Outlook: U.S. Production Projection Raised to 220.7M Cwt10-16

    Resistant Weeds: USDA Accelerates the Fight — DTN10-16

    Mississippi Soybeans: Poised to Shatter Record for Average Yield10-16

    Keith Good: Beige Book — Observations on Ag Economy10-16

    Sunbelt Ag Events

     

    About Us

    AgFax.Com covers agricultural trends and production topics, with an emphasis on news about cotton, rice, peanuts, corn, soybeans, wheat and tree crops, including almonds, pecans, walnuts and pistachios.

      

    This site also serves as the on-line presence of electronic crop and pest reports published by AgFax Media LLC (formerly Looking South Communications).

        

    Click here to subscribe to our free reports.

      

    We provide early warnings and confirmations about pests, diseases and other factors that influence yield. Our goal is to quickly provide farmers and crop advisors with information needed to make better and more profitable decisions.

         

    Our free weekly crop and pest advisories include:

    • AgFax Midsouth Cotton, covering cotton production and news in Alabama, Arkansas, Louisiana, Mississippi, Tennessee and Missouri.

    • AgFax Southeast Cotton, covering cotton production and news in Alabama, Florida, Georgia, North Carolina, South Carolina and Virginia.

    • AgFax Southwest Cotton (new for 2013!), covering cotton production and news in Texas, Oklahoma, Kansas and New Mexico.

    • AgFax West (formerly MiteFax: SJV Cotton), covering California cotton, alfalfa, tomatoes and other non-permanent crops in California's Central Valley.

    • AgFax Rice covering rice production and news in Arkansas, Louisiana, Mississippi, Missouri and Texas.

    • AgFax Peanuts, covering peanut production in Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Texas and Virginia.

    • AgFax Southern Grain: covering soybeans, corn, milo and small grains in Southern states.

    • AgFax Almonds, covering almonds, pistachios, walnuts and other tree crops in California's Central Valley.

    • AgCom 101, providing guidance to ag professionals involved in social media.

    Our newsletters are sponsored by the following companies: FMC Corporation Chemtura Dow AgroSciences.

          

    Mission statement:

    Make it as easy as possible for our community of readers to find and/or receive needed information.

              

    Contact Information:

    AgFax Media. LLC

    142 Westlake Drive Brandon, MS 39047

    601-992-9488 Office 601-992-3503 Fax

    Owen Taylor Debra L. Ferguson Laurie Courtney

          

    Circulation Questions?

    Contact Laurie Courtney