Farmland Forecast
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Farmland Forecast

Video of the Week: 178 Pounds Lighter in MN

This video features Colvin & Co.'s Marc Schober interviewed on FOX 9 out of Minneapolis, MN. Marc lost 178 pounds over 18 months after changing his diet and workout regimen. The keys to loosing such a large amount of weight were eating more vegetables and working out five days per week for Marc.

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

South Africa Corn Export Push May Exhaust Stocks

(Bloomberg) A government-backed plan to export a record corn surplus may leave South African silos drained of the country’s staple food by the end of April.
 
The price of white corn, used to make the corn meal eaten by many South Africans, has risen to a record in Johannesburg and the nation is importing the yellow variety of the grain for the first time in two years. Millers, chicken producers and cattle breeders are facing a surge in ...
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Another Big Month for Meat Exports, Thanks to Japan

(Brownfield) November was another huge month for U.S. pork and beef exports.

U.S. pork exports set another monthly volume record in November—and for the first eleven months of 2011, pork export volume was up 18 percent and pork export value up 27 percent over 2010.

U.S. Meat Export Federation communications director Joe Schuele says one of the highlights on the pork export side is what he describes as “a continued remarkable performance by Japan, which has nearly matched its ...
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Pricing the Good Earth

(Barron's) In the rush for hard assets over the past few years, some investors have planted farmland in their portfolios hoping to harvest nice gains.

On paper, at least, they have. U.S. land values are rising on strong prices for agricultural products, fueled to a great extent by robust exports to emerging nations. Advocates for owning farmland include big-name investors like Marc Faber and Michael Burry. But skeptics wonder whether the boom is setting up investors ...
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A First-Hand Argentina Drought Story

(DTN) Drought has decimated crops for Lee Trimmer, an American who farms in General Villegas in the province of Buenos Aires (five hours west of the city). His farms corn and soybeans over a 120 mile area, but says it’s too late to rescue the corn crop no matter what now. He hasn’t received rain since Nov. 20-25; corn is past silking and produced no ears. He has mowed down corn crop and may reseed with bin-run ... << MORE >>

Picture of the Week: January Soybeans in Uruguay

This submitted picture shows soybeans in the South American country of Uruguay. Uruguay's major crops include rice, wheat, barley, corn, sorghum, and sunflower. Due to the recent hot and dry weather conditions of La Niña, crops in South America have experienced stress during their growth.

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


WASDE: USDA Starts Year Off With a Surprise

The USDA caught the grain market by surprise this morning, resulting in corn and wheat prices plummeting. Analysts were expecting the USDA to reduce ending corn stocks by 100 million bushels due to lower than expected yields, but the USDA actually increased corn yields and production, leaving stocks roughly unchanged.

Corn

Unexpected and bearish news from the USDA as U.S. corn production is estimated 48 million bushels higher with a 0.5 bushel increase in ...
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A Developed Appetite for Developed Debt

(GallatinRiverCapital) A rather embarrassing hunting story comes from my college years in Montana. I was elk hunting one late afternoon when an unexpected storm blew in. I was not dressed for the inclement weather so I decided to head for the truck. As I traversed up and down foothills and valleys, I found myself turned around and ended up circling back to my starting point. For a moment it was a little frightening and a sense of urgency ... << MORE >>

Office Closures Part of Plan to Streamline USDA Operations

(DTN) Agriculture Secretary Tom Vilsack used the American Farm Bureau Federation annual meeting as a backdrop to announce $150 million in office cuts and consolidation under the guise of USDA's "Blueprint for Stronger Service."

Vilsack told farmers the office cuts were a necessary response to more than $3 billion in cuts to USDA's discretionary budget by Congress since 2010.

"Over the course of the last year or so we have obviously been ...
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Farmland boom alters 40-year Iowa corn yield model

(Reuters) - In response to surging Midwest farmland prices, researchers in Iowa are overhauling a decades-old formula used to predict corn yields, which will allow farmers and tax officials to more accurately value property.

The corn suitability rating, or CSR, has long been a Midwestern benchmark to forecast how productive an Iowa farm will be if corn is planted on it.

Since 1971, CSR has been used to set cash-rent rates, help ...
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