Master of Agribusiness / Department of Agricultural Economics / Bob Burton / The purpose of this thesis is to compare the net income and risk associated with
custom farming, cash rent, and crop-share. This analysis will help provide insight on the
best option for my 40 acres of farm land, which I recently was given from my mother. The
40 acres is located in Codington County, SD and has been previously in a corn, soybean,
and wheat rotation. Another goal of the thesis is to create a business plan for Hauger Farm, which will lay out the activities involved for custom farming.
The 40 acres will continue to be in a corn, soybean, and wheat rotation. A 12-year
analysis was developed to determine the net income and risk associated with custom
farming, cash rent, and crop-share. The analysis consisted of historical data from the past
nine years while predicting the next three years. After creating the net income statement,
the option providing the most income over the long-run was to have the land custom
farmed. Custom farming also brought the most income variability or risk; while cash rent
showed to have the lowest risk with the least variable income.
| Identifer | oai:union.ndltd.org:KSU/oai:krex.k-state.edu:2097/17401 |
| Date | January 1900 |
| Creators | Hauger, Michael |
| Publisher | Kansas State University |
| Source Sets | K-State Research Exchange |
| Language | en_US |
| Detected Language | English |
| Type | Thesis |
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