Net income, risk and business plan for Hauger farm

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dc.contributor.author Hauger, Michael
dc.date.accessioned 2014-04-23T20:18:08Z
dc.date.available 2014-04-23T20:18:08Z
dc.date.issued 2014-04-23
dc.identifier.uri http://hdl.handle.net/2097/17401
dc.description.abstract 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. en_US
dc.language.iso en_US en_US
dc.publisher Kansas State University en
dc.subject Net Income en_US
dc.subject Cash rent en_US
dc.subject Farm land en_US
dc.subject Custom farming en_US
dc.subject Share rent en_US
dc.subject Business plan en_US
dc.title Net income, risk and business plan for Hauger farm en_US
dc.type Thesis en_US
dc.description.degree Master of Agribusiness en_US
dc.description.level Masters en_US
dc.description.department Department of Agricultural Economics en_US
dc.description.advisor Bob Burton en_US
dc.subject.umi Accounting (0272) en_US
dc.subject.umi Economics, Agricultural (0503) en_US
dc.subject.umi Management (0454) en_US
dc.date.published 2014 en_US
dc.date.graduationmonth May en_US


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