May/June 2017


OFFICERS: Boyd Mitchell


Chairman Bob Sinclair


LOOKING INTO THE FUTURE


executive insight


In my column in the August 2014 issue of The Retailer, I cited a chart published by the Federal Reserve of Kansas City titled, “Gross Farm Income and Net Returns to Farm Operators” cover- ing 1910 to 2010. The chart showed four major peaks in gross farm income during that 100-year period, all coinciding with periods of war: • World War I (around 1915) • World War II (around 1944) • Vietnam War (around 1974) • Iraq and Afghanistan Wars (around 2005)


The valleys of gross farm income occurred between these peaks.


A chart from the U.S. Department of Ag (USDA) on the subject of National Corn Statistics shows that corn prices and profitability for farmers increased from 2006 through 2013. The primary reason for this increase was fortunate- ly not due to war, but the adoption of the federal Renewable Fuels Standard, which was enacted in 2006. When this stan- dard was cut back in 2014, corn prices and profitability began to decline substantially.


Vice Chairman Bruce Keim


Past Chairman


EDA DIRECTOR: Ivan Dorhout


DIRECTORS: Todd Barker Scott Beach


Kent Grosshans Clay Haley


Steve Manzer Rock Valley, IA Lenox, IA Grinnell, IA


Central City, NE Carroll, IA


Osmond, NE


Vol. 98 No. 3


Atkinson, NE Sigourney, IA Hamburg, IA


OFFICERS: Don Partridge


Chairman Alex Rueter


Vice Chairman Mark Swedlund


Past Chairman


DIRECTORS: Bruce Bowman Rick Boat


Brian Jansen Nick Sinn


STAFF:


Andrew Goodman Tom Junge


Mark Othmer Donna Miller Will Rogers


Cindy Feldman Julie Taylor


Annmarie McGowan Kari Dostalik


Gretchen Burch David Adelman Tim Keigher


CONTACT INEDA: 8330 NW 54th Ave. Johnston, IA | 50131-2841


E: info@ineda.com | W: www.ineda.com P: 515.223.5119 | F: 515.223.7832 TF: 800.622.0016.


SUBSCRIPTION INFORMATION:


Individual subscriptions are available without charge to Association members. One-year subscriptions are available to all others for $30.00 (6 issues). Contact INEDA for additional information. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is furnished with the under- standing that the Iowa-Nebraska Equipment Dealers Association, the publisher, is not engaged in rendering legal, accounting, or other professional services. Changes in the law may render the information contained in this publication invalid. Legal advice or other expert assistance should be obtained from a competent professional. Affiliated with:


2 | The Retailer Magazine | May/June


President/CEO IA Field Director NE Field Director Operations Manager


Director of Gov’t. Affairs Marketing Director Acct./HR Coordinator Assoc. Svcs. Assist. Editor/Writer


Admin. Svcs. Assist. IA Legislative Director NE Legislative Director


Des Moines, IA Pella, IA


Des Moines, IA Des Moines, IA


Omaha, IA Elkhart, IA Ankeny, IA


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