Farmland Forecast
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Farmland Forecast
Picture of the Week: Southern Minnesota Heartland
This picture comes from Freeborn County in Southern Minnesota. This part of Minnesota has some of the most fertile land in the country. A corn and soybean rotation is the choice of most farmers in this region due to the positive economics associated with these crops.
Remember, we are always looking for agricultural pictures from anywhere in the world. Submit pictures to farmlandforecast@colvin-co.com.
Remember, we are always looking for agricultural pictures from anywhere in the world. Submit pictures to farmlandforecast@colvin-co.com.
Wheat Organizations Want an Open Border for U.S. and Canadian Farmers
(AgriMarketing) Signaling a desire for more market efficiency, the boards of directors of the National Association of Wheat Growers (NAWG) and U.S.
Wheat Associates (USW) each passed a resolution on Jan. 29 calling for an open border with Canada that provides reciprocal bilateral wheat trade.
Under a December 2011 law, which still faces some legal challenges, the Canadian Wheat Board (CWB) will lose its grain marketing monopoly Aug. 1, allowing western Canadian farmers to sell their wheat ... << MORE >>
Under a December 2011 law, which still faces some legal challenges, the Canadian Wheat Board (CWB) will lose its grain marketing monopoly Aug. 1, allowing western Canadian farmers to sell their wheat ... << MORE >>
Grain Markets Volatile Per USDA Report
U.S. grain markets began 2012 on a strong note, but the January USDA WASDE Report quickly brought volatility back to the markets. La Niña has
continued to cause problems for South American farmers with expected yields decreasing by the month and providing support to the global grain market. A strengthening U.S. dollar has slowed the
grain rally in late January alongside renewed European debt concern.
Grain Prices
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Grain Prices
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U.S. Cattle Inventory Drops to Lowest Since 1952 on Drought
(Bloomberg) U.S. cattle inventories fell to the lowest in 60 years after a drought in the South scorched pastures, prompting ranchers to shrink
herds.
As of Jan. 1, beef and dairy farmers held 90.77 million head of cattle, down 2.1 percent from a year earlier, the U.S. Department of Agriculture said today in a report. That’s the fewest since 1952. Ten analysts in a Bloomberg News survey were expecting a 1.5 percent decline.
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As of Jan. 1, beef and dairy farmers held 90.77 million head of cattle, down 2.1 percent from a year earlier, the U.S. Department of Agriculture said today in a report. That’s the fewest since 1952. Ten analysts in a Bloomberg News survey were expecting a 1.5 percent decline.
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Farmers Retire Debt
(DTN) Like the lonely Maytag repairman, rural bankers are finding it's hard to peddle loans when farmers are flush with cash.
A typical 1,200-acre Illinois farmer likely earned a healthy net farm income of $200,000 in 2011, representative of much of the Corn Belt. Those banner farm incomes helped operators reduce short-term loan volumes by 40% last year, according to a Kansas City Federal Reserve report released Wednesday.
"We've been hearing anecdotally since last summer that when farmers ... << MORE >>
A typical 1,200-acre Illinois farmer likely earned a healthy net farm income of $200,000 in 2011, representative of much of the Corn Belt. Those banner farm incomes helped operators reduce short-term loan volumes by 40% last year, according to a Kansas City Federal Reserve report released Wednesday.
"We've been hearing anecdotally since last summer that when farmers ... << MORE >>
Picture of the Week: Sunset in North Dakota
This picture shows a parcel of farmland in Cass County, North Dakota. It is a productive and flat piece of the American heartland that grows corn and soybeans. The black strip running through the middle is called a draw. The draw is designed to carry water off the land to prevent flooding. The draws lead the water to ditches, where it then flows into a larger water source, in this case the Red River.
Remember, we are always looking for agricultural pictures from anywhere in the world. Submit pictures to farmlandforecast@colvin-co.com.
Remember, we are always looking for agricultural pictures from anywhere in the world. Submit pictures to farmlandforecast@colvin-co.com.
Farmland Real Estate on Hold
(DTN) Farmland owners were told to expect 2012 to be a "year of paralysis" in the general economy when economists addressed the Land Investment Expo
here last week. But contrary to popular belief, that might not be so bad for farmland sellers and owners.
"I think agricultural land will do better if we don't have an economic recovery," said Mark Dotzour, chief economist with the Real Estate Center at Texas A&M University.
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"I think agricultural land will do better if we don't have an economic recovery," said Mark Dotzour, chief economist with the Real Estate Center at Texas A&M University.
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French Corn Farmers Plant Earlier, Lift Yields as Climate Warms
(Bloomberg) Corn farmers in France, the European Union’s largest producer, are planting their crop earlier compared with a decade ago as climate
change causes higher temperatures, boosting yields, researchers and growers said.
Corn planting has advanced by about a month, giving crops more time to grow and develop, Jacques Mathieu, head of crop researcher Arvalis Institut du Vegetal, said in an interview this week in Dijon in eastern France.
Average French ... << MORE >>
Corn planting has advanced by about a month, giving crops more time to grow and develop, Jacques Mathieu, head of crop researcher Arvalis Institut du Vegetal, said in an interview this week in Dijon in eastern France.
Average French ... << MORE >>
Farmland Returns Jump in Q4 2011
(NCREIF) The National Council of Real Estate Investment Fiduciaries has released fourth quarter 2011 results of the NCREIF Farmland Index. The total
return for the fourth quarter was 8.70%, comprised of 5.11% appreciation and 3.58% income return. This is an improvement from last quarter’s 1.97% total return and last year’s fourth quarter
return of 5.79%. Historically, the fourth quarter has been the strongest due to high income returns from the conclusion of the sale of the crops. ...
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Rural Mainstreet Index Reaches Five Year High
The rural economy continued to move forward this month, reaching its highest level since June of 2007. The farmland price index fell to a still growth
positive reading after reaching a record high level in December 2011.
The Rural Mainstreet Index (RMI) advanced to 59.8 from 59.7 to remain growth positive for the fifth straight month and above the 59.3 it posted 12 months prior. The growth is largely due to the areas of the country tied ... << MORE >>
The Rural Mainstreet Index (RMI) advanced to 59.8 from 59.7 to remain growth positive for the fifth straight month and above the 59.3 it posted 12 months prior. The growth is largely due to the areas of the country tied ... << MORE >>