Farmland Forecast
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Farmland Forecast

Picture of the Week: Sunset in Uruguay

This picture of a sunset was submitted from a farm in southwest Uruguay. Agriculture makes up 8% of Uruguay's GDP and 70% of its total exports. Uruguay has a large livestock sector and corn is Uruguay's principal feed crop. The leading crops for human consumption include rice, wheat, and sugarcane.

Remember, we are always looking for agricultural pictures from anywhere in the world. Submit pictures to farmlandforecast@colvin-co.com  


Heat, Dryness Create Uncertainty for Iowa Corn Crop

(DTN) Judging by the first condition ratings of the season, Iowa's corn crop has a bright and bountiful future. Eighty-one percent of the crop was rated "good" to "excellent" as of Sunday, May 20, according to USDA's latest weekly Crop Progress report. That lofty figure compares favorably to the initial corn ratings in 2004 (70% good to excellent) and 2009 (79% good to excellent), when U.S. corn yields reached record levels.

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Early Planting is Driving the Rural Economy

The Rural Mainstreet Index (RMI) increased slightly this month as bankers are optimistic about the agriculture environment with historically early planting and above average crop conditions. The farmland price index declined in May, indicating slower growth in values, but remained above growth neutral for the 28th consecutive month.

The Rural Mainstreet Index increased to 58.5, a slight increase from the 57.1 in April. month. This marks the ninth straight month the ...

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Farmland Values Increase 25% in Second Consecutive Year

Farmland values increased by over 20% for the second straight year in the Tenth District of the Federal Reserve Bank of Kansas City. Easing drought conditions in the Tenth District and crop prices that increased in the fourth quarter of 2011 lead to increased farmer income which was in turn reinvested in farmland thus driving demand for farmland and prices higher.

Non-irrigated cropland increased by 8.0% in value throughout the first ...
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Crop Progress: Corn Condition Well Above Average

This afternoon, the USDA released its weekly crop progress report indicating all three crops, corn, soybeans, and wheat are in above average condition due to favorable weather across the Corn Belt.

As of May 21, 2012, the 18 primary corn producing states have planted 96% of the U.S. corn crop, compared to 75% one year prior. A total of 76% of the U.S. corn crop has already emerged compared to 38% from a year ago. Corn conditions ...
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Corn Belt Farmland Values Continue to Rise

Farmland values rose 19% over the last twelve months as farmers continued to purchase land to capitalize on high grain prices, according the Federal Reserve Bank of Chicago. The value of "good" farmland increased 5% in the first quarter of 2012 compared to the fourth quarter of 2011. All District states posted year-over-year increases in farmland values and the largest year-over-year land value increases came from some of the largest producers of corn and soybeans in Illinois ... << MORE >>

Picture of the Week: Corn is King

This week's picture of the week comes from Mitchell County, South Dakota where there stands the world's only Corn Palace. The Corn Palace is a staple of South Dakota and has been in existence since 1892. Early settlers, in order to prove the fertility of South Dakota soil, would adorn the exterior of the Corn Palace with the fruits of their harvest. Currently, the exterior decorations are stripped down each year and new murals are created.

Remember, we are always looking for agricultural pictures from anywhere in the world. Submit pictures to farmlandforecast@colvin-co.com.  

This picture was submitted by Alison of Rapids City, South Dakota


TIAA-CREF Announces $2 Billion Global Agriculture Company

(AgriMarketing) TIAA-CREF, New York, NY, a leading financial services provider, today announced the close of TIAA-CREF Global Agriculture LLC.

The new company comprises several international institutional investors and has $2 billion in commitments to invest in farmland in the United States, Australia and Brazil.

The company began investing capital in April 2011 and includes AP2, British Columbia Investment Management Corporation (bcIMC), the Caisse de dépôt et placement du Québec (Caisse) and other like-minded institutions. TIAA has ...

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Study: Ethanol Decreased Wholesale Gas Prices by $1.09 Per Gallon in 2011

(DTN) U.S. farmers supplying corn to the ethanol industry are helping consumers keep money in their pockets at the pump, according to a study released Tuesday by the Center for Agricultural and Rural Development at Iowa State University.

The production of ethanol in the United States reduced wholesale gasoline prices by an average of $1.09 per gallon in 2011. The research, authored by Professors Dermot Hayes and Xiadong Du, is an update of a 2009 report from ...
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Bernanke Island

(GallatinRiverCapital) At the end of February 2012, the Federal Reserve (Fed) held $1.66 Trillion of U.S. Treasury Securities (1). At the end of the same period, the top three foreign holders of U.S. Treasuries were China, Japan, and Brazil with holdings of $1.2 Trillion, $1.1 Trillion and $225 Billion, respectively (2). This makes the Fed the largest holder of U.S. Treasury Securities. How did the Fed become the largest holder?

In late 2008, after the financial crisis took center ...

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