22
Are we setting Are we setting ourselves up for ourselves up for another fall another fall
Are we setting ourselves up Are we setting ourselves up for another fallfor another fall
Different Financial SituationDifferent Financial Situation
More land without debtMore land without debt
Less land held under contractLess land held under contract
Different reasons why we are hereDifferent reasons why we are here
Distribution of Iowa Farmland by Age of Owner and Year
0%
5%
10%
15%
20%
25%
< 25 25-34 35-44 45-54 55-64 65-74 > 75
1982 1992 2002
Distribution of Iowa Farmland by Financing Method and Year
0%
10%
20%
30%
40%
50%
60%
70%
80%
Free of debt Under contract Mortgaged
1982 1992 2002
Percent of Iowa Farmland by Residence of Owner
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Iowa Resident Non-Iowa Resident
1982 1992 2002
Percent Change in CPI from Previous Year
-2.0%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%19
51
1953
1955
1957
1959
1961
1963
1965
1967
1969
1971
1973
1975
1977
1979
1981
1983
1985
1987
1989
1991
1993
1995
1997
1999
2001
2003
US Agricultural Balance of Trade
($5,000)
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
1935
1938
1941
1944
1947
1950
1953
1956
1959
1962
1965
1968
1971
1974
1977
1980
1983
1986
1989
1992
1995
1998
2001
2004
Mill
ion
Ag Trade Balance and Iowa Land Values
($5,000)
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
1950
1953
1956
1959
1962
1965
1968
1971
1974
1977
1980
1983
1986
1989
1992
1995
1998
2001
2004
Ag
. Bal
ance
, Mill
ion
Do
llars
$0
$500
$1,000
$1,500
$2,000
$2,500
Lan
d V
alu
es
Trade Balance Land Values
US Ag Exports and Iowa Land Values
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
1950
1953
1956
1959
1962
1965
1968
1971
1974
1977
1980
1983
1986
1989
1992
1995
1998
2001
2004
Va
lue
of
US
Ex
po
rts
, Mill
ion
Do
llars
$0
$500
$1,000
$1,500
$2,000
$2,500
Iow
a L
an
d V
alu
es
exports land values
Real Japanese Yen per Dollar
0
50
100
150
200
250
300
1970
1972
1974
1976
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
Real Euros per Dollar
0.00
0.20
0.40
0.60
0.80
1.00
1.20
1970
1972
1974
1976
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
Real Canadian Dollar per US Dollar
0.0
0.2
0.4
0.6
0.8
1.0
1.2
1.4
1.6
1.8
1970
1972
1974
1976
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
Real Mexican Peso per US Dollar
0
2
4
6
8
10
12
14
16
18
1970
1972
1974
1976
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
Real UK Pound per US Dollar
0.0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
0.8
0.9
1.0
1970
1972
1974
1976
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
Real Deutche Mark per US Dollar
0.0
0.5
1.0
1.5
2.0
2.5
3.0
1970
1972
1974
1976
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
Real Brazilian Reals per US Dollar
0.0
0.5
1.0
1.5
2.0
2.5
3.0
1970
1972
1974
1976
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
Real Argentina Pesos per US Dollar
0
2
4
6
8
10
12
1970
1972
1974
1976
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
Real Corn and Soybean Gross Revenue per Acre
$0
$50
$100
$150
$200
$250
$300
$350
$400
$450
$50019
50
1952
1954
1956
1958
1960
1962
1964
1966
1968
1970
1972
1974
1976
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
Corn Soybeans
Real Corn and Soybean Gross Revenue and Land Values
$0
$50
$100
$150
$200
$250
$300
$350
$400
$450
$500
1950
1953
1956
1959
1962
1965
1968
1971
1974
1977
1980
1983
1986
1989
1992
1995
1998
2001
2004
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
Corn Soybeans Land
Inflation Adjusted Land Values for Different Time Periods
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19
1982
- 1
984
Do
llar
s p
er A
cre
1955 to 1973 1986 to 2004
Total Debt in Millions
$0
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
$7,000,000
$8,000,000
Jun
-50
Jun
-53
Jun
-56
Jun
-59
Jun
-62
Jun
-65
Jun
-68
Jun
-71
Jun
-74
Jun
-77
Jun
-80
Jun
-83
Jun
-86
Jun
-89
Jun
-92
Jun
-95
Jun
-98
Jun
-01
Jun
-04
Real US Debt in Millions
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
$4,000,000
$4,500,000
Jun
-50
Jun
-53
Jun
-56
Jun
-59
Jun
-62
Jun
-65
Jun
-68
Jun
-71
Jun
-74
Jun
-77
Jun
-80
Jun
-83
Jun
-86
Jun
-89
Jun
-92
Jun
-95
Jun
-98
Jun
-01
Jun
-04
