Eastern IA Farmer_Fall23_SOUTH

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Ag Bytes where she specializes in executive-level searches for the agribusiness industry. Also speaking is Kiley Fleming, the executive director of Iowa Mediation Services, who released her book “Conflict Imagery” earlier this year. Other topics to be addressed include farmland management, making the most of your leadership style, entrepreneurship, personal finance and lifestyle balance. A panel of current Iowa agricultural board leaders will share insights on leading and being influences in agriculture. Some of the tour highlights include the new Veterinary Medicine Diagnostics Laboratory and campus greenhouses. Also on tap is the celebration of the 20th anniversary of Annie’s Project, from which the conference developed. More land leased; less than half of farmland owners farm As the average age of Iowa’s farmland owners continues to rise, other trends in landownership have begun to emerge. According to an Iowa State University study, 58% of Iowa’s farmland is now leased out, a significant increase from the last time the same study was conducted in 2017. “There is a long-term trend toward farmland leasing since 1982,” said Wendong Zhang. Zhang is an assistant professor of economics at Cornell University and conducted the Iowa Farmland Ownership and Tenure Survey with Jingyi Tong, a PhD student in economics at Iowa State. “The percentage of farmland being leased in Iowa increased from 53% in 2017 to 58% in 2022. This represents a relative increase of roughly one million acres over five years, which is quite significant,” Zhang said. Conducted by Iowa State since the 1940s, the Iowa Farmland Ownership and Tenure Survey – completed every five years – focuses on forms of ownership, tenancy and transfer of farmland in Iowa, and characteristics of landowners. The latest survey was conducted in July 2022, and was funded by Iowa State’s College of Agriculture and Life Sciences, Iowa Nutrient Research Center, Leopold Center for Sustainable Agriculture, Department of Economics, Center for Agricultural and Rural Development and Iowa State University Extension and Outreach. Farmland leases also increasingly favor cash rent over crop sharing and owner-operating arrangements. In 2017, 82% Wendong Zhang, Assistant Professor of economics, Cornell University of leased farmland was cash rented, but cash rent, predominantly fixed-cash rental contracts, now account for 87% of leased land. “The rise of cash rent, especially fixed cash rent, correlates with the growing percentage of landowners who are part-time and non-residents of Iowa,” Zhang said. “Fifty-five percent of land is owned by an owner who did not farm in 2022, and, of them, over half do not have farming experience. Especially for those landowners, a fixed cash rental contract is a natural choice.” According to the study, 47% of farmland was directly operated by the landowner in 2017, but that number has now fallen to just 42%. The survey found that the average age of Iowa’s farmland owners is still increasing. In 1982, only 29% of Iowa farmland was owned by those over the age of 65. That percentage has steadily increased over the years, totaling 60% in 2017 and 66% today. Tong noted that women own 46% of Iowa’s farmland, and they hold a larger share among senior owners. Tong said several factors are contributing to the increasing age of Iowa’s farmland owners, including the increase in using farmland as an inheritance or long-term investment, fewer young people going into farming, and those young farmers facing large start-up costs. “Also, some senior farmers may retain ownership of their land due to a lack of succession planning, thus keeping the farm even if they aren’t actively farming. The survey shows 17% of landowners neither have a successor for ownership or management,” Tong said. However, Tong noted that survey results show three of every four landowners in Iowa are interested in selling land to beginning farmers when incentivized with federal and state tax credits. “At the same time, over half of Iowa landowners expressed concerns about difficulty finding quality beginning farmers as well as beginning farmers’ ability to pay the best prices for land,” Tong said. The recent survey also reveals changing trends in how ownership of Iowa’s farmland is held. In 1982, 80% of Iowa’s farmland was owned through a combination of sole ownership and joint tenancy; however, those now only account for 52% of Iowa farmland ownership. Meanwhile, the amount of farmland held in Jingyi Tong, trusts has skyrocketed from 1% PhD economic student at Iowa State University in 1982 to 23% today. “Trusts have grown in popularity due to their numerous benefits. Particularly for farmland owners, trusts can ensure the preservation of the farm within the family, manage land transitions, and potentially provide tax benefits, making them a valuable tool in succession planning,” Zhang said. The percentage of farmland owned debt-free has also continued to increase – 84% of Iowa farmland is held without any debt, the highest level observed. This represents a steady and significant increase from 1982, a year that marked the onset of the farm debt crisis, when only 62% of the land was held without debt. Tong said that some of that recent increase is due to the hike in commodity profits, aging landowners coupled with longer lengths of ownership, and government payments during the COVID-19 pandemic. Zhang said that the survey also found interesting trends in the use of conservation techniques on Iowa farmland. He noted that no-till farming saw a significant increase from 21% of owners and 27% of acres in 2017 to 29% and 30%, respectively, in 2022. “The use of cover crops also saw a slight increase over this period, from 5% of owners and 4% of acres in 2017 to 7% for both owners and acres in 2022,” he said. However, only 2% of Iowa landowners have already participated in a carbon credit program and another 3% are considering doing so, but, Zhang said, “most landowners are either not interested or have never heard of them.” More information about the 2022 Iowa Farmland Ownership and Tenure Survey results can be found on the CARD website at card.iastate.edu/. 84 EASTERN IOWA FARMER | FALL 2023 eifarmer.com EasternIowaFarmer_South_Fall2023.indd 84 9/19/23 3:35 PM
MORE INNOVATIVE ADVANTAGES. ONE COMPLETE SYSTEM. The Preceon Smart Corn System works by combining three innovative elements into one working system: •Short stature corn hybrids offer strong protection against the elements and greater application flexibility. •FieldView digital insights give data-driven recommendations to maximize performance in the field. •Tailored hands-on support from Bayer and participating Dealers and Seedsmen will bring farmers simple, reliable and personalized support to help maximize the Preceon Smart Corn System. HELPING YOU AIM HIGH Protection Protection from crop yield loss due to increased lodging and greensnap tolerance in high winds and challenging weather conditions. Access Access all season long for more timely, precise application of crop protection and other inputs with standard harvest equipment. Yield Potential Yield potential through increased opportunity to optimize crop inputs, planting densities and field placement. FEATURES THAT ADD UP 1 . 2 . 3 . 4 . 5 . The target plant height of short stature corn hybrids will be ≤ 7 feet versus 9-12 feet for a traditional corn hybrid. Shorter height allows for more flexible timing and the ability to use ground application of other crop inputs, like fungicides, insecticides and nitrogen. Target ear height will be ≥ 2 feet to maintain compatibility with standard harvest equipment. Ear size is similar to that of current corn hybrids. Due to improved plant standability, they will allow farmers to explore higher planting densities, providing the potential to produce more on every acre. Learn more at PRECEONSCS.COM or scan the code. PreceonTM Smart Corn System including short stature corn developed through traditional breeding is expected to be available, subject to final commercialization decisions, for planting in the 2024 growing season. Preceon is a trademark of Bayer Group. All other trademarks are the property of their respective owners. ©2023 Bayer Group. All rights reserved. CONTACT YOUR DEKALB ASGROW REP, ALEX BECK, 563-219-1211 eifarmer.com FALL 2023 | EASTERN IOWA FARMER 85 EasternIowaFarmer_South_Fall2023.indd 85 9/19/23 3:35 PM
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The Eastern Iowa Fall 2023 Farmer
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TARVER FAMILY 2011-2023 peoplescomp
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Proven. Ag Services and Products An
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EDITORIAL INDEX Ag Careers While gr
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Caleb Kaufmann, Kale Petersen, Tayl
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For more than sixty years, students
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WILTON FFA EASTERN IOWA FARMER PHOT
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YOUR PARTNER IN THE FIELD. ALL. SEA
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AMERICANA Muscatine couple’s love
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AMERICANA EASTERN IOWA FARMER PHOTO
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AMERICANA a lot of support,” he s
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If there’s one thing we know... B
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AG CAREERS While growing crops and
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AG CAREERS crunching data and forec
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AG CAREERS AUTO | HOME | FARM | CRO
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AG CAREERS CLASS OF 2007 an Emergin
Page 33 and 34: BROTHER’S TRUCK & TRAILER REPAIR
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Page 37 and 38: AG CAREERS a lot about the equipmen
Page 39 and 40: AG CAREERS Building a network Culti
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Page 47 and 48: VISIT ANY OF OUR 7 LOCATIONS! • W
Page 49 and 50: Family owned since 1970 Second gene
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Page 53 and 54: along Interstate 80 the roots, whic
Page 55 and 56: SOD FARM Lance Frye, Jack Armstrong
Page 57 and 58: LEARNING TO BE SELF SUSTAINING Ceda
Page 59 and 60: Your Source for Ag Equipment At Alt
Page 61 and 62: NOW SCHEDULING ANIMALS FOR 2024!
Page 63 and 64: SELF SUSTAINING don’t need to be
Page 65 and 66: SELF SUSTAINING Cole Slaw INGREDIEN
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Page 75 and 76: CHANGING RIVER NAVIGATING A CHANGIN
Page 77 and 78: CHANGING RIVER Brad Hank, lockmaste
Page 79 and 80: e, By JESSICA YUSKA Scott & Muscati
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Page 83: Ag Bytes Local FFA students advanci
Page 87 and 88: PROUD TO BE Your Financial Partner
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