Farmland Forecast
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Farmland Forecast
2012 Outlook for U.S. Grain Prices
Grain prices have been volatile throughout 2011 due to wide changes in production and demand estimates, as well as macro issues including the European
debt crisis. Corn prices reached near $8.00 per bushel ,pre-harvest, on a poor yield outlook in the U.S.
Moving into 2012, we expect commodity prices to continue to be volatile and trade based on both agricultural and nonagricultural market factors. The primary data point that will drive grain prices in 2012 will be ... << MORE >>
Moving into 2012, we expect commodity prices to continue to be volatile and trade based on both agricultural and nonagricultural market factors. The primary data point that will drive grain prices in 2012 will be ... << MORE >>
Picture of the Week: An Interview on Iowa Farmland Values
On December 19, Colvin & Co. was featured on TV Tokyo at a farmland auction in Iowa Falls, Iowa. TV Tokyo was highlighting the recent gain in farmland prices across the U.S. and interest from outside investors. Patrick Cheney was interviewed about the rising farmland values and the global demand for food.
Click on the link to watch the video: http://www.tv-tokyo.co.jp/mv/nms/ny/post_12680/
Click on the link to watch the video: http://www.tv-tokyo.co.jp/mv/nms/ny/post_12680/
Five Ethanol Stories to Watch in the Year Ahead
(AgriMarketing) As we noted before Christmas, 2011 was an exciting year for American ethanol production. Evolutions in the marketplace, advancements
in technology, and progress in policy have all set the stage for a new era in American ethanol production.
Gone is the tax incentive that helped build the industry and then was allowed to expire after it had served its purpose. Also gone is the tariff on imported ethanol. Still in place, however, are the Renewable Fuel ... << MORE >>
Gone is the tax incentive that helped build the industry and then was allowed to expire after it had served its purpose. Also gone is the tariff on imported ethanol. Still in place, however, are the Renewable Fuel ... << MORE >>
Hedge Funds Raise Bullish Raw-Material Bets
(Bloomberg) Speculators increased wagers on rising commodity prices by the most since August 2010 on signs that sustained economic growth will drive a
rebound in raw materials from their first annual slump since the recession.
Hedge funds and other money managers increased combined net-long positions across 18 U.S. futures and options by 18 percent to 536,907 contracts in the week ended Dec. 27, Commodity Futures Trading Commission data show. Soybean holdings jumped more than ninefold and those ... << MORE >>
Hedge funds and other money managers increased combined net-long positions across 18 U.S. futures and options by 18 percent to 536,907 contracts in the week ended Dec. 27, Commodity Futures Trading Commission data show. Soybean holdings jumped more than ninefold and those ... << MORE >>
La Niña Causes Grain Rally
Throughout the month, farmers have been busy working on end of the year accounting, purchasing farmland, expanding operations, and preparing for the
spring planting season. The weather across the Corn Belt has been very mild compared to twelve months prior, but cold temperatures are promoting a healthy frost in the ground that will help
break up compaction and kill disease and pests.
The current La Niña weather pattern has been causing ... << MORE >>
The current La Niña weather pattern has been causing ... << MORE >>
Corn Traders Extend Bullish Bets on South America Crop Damage
Corn traders are bullish for a fifth consecutive week on speculation that dry weather in South America is damaging crops, boosting demand for U.S.
supplies at a time when stockpiles are predicted to shrink to a 16-year low.
Nineteen of 25 traders surveyed by Bloomberg expect corn to advance next week. Lower-than-average humidity and dry soil will curb crop development in Argentina and southern Brazil through at least Jan. 7, according to T-Storm Weather LLC, a forecaster ... << MORE >>
Nineteen of 25 traders surveyed by Bloomberg expect corn to advance next week. Lower-than-average humidity and dry soil will curb crop development in Argentina and southern Brazil through at least Jan. 7, according to T-Storm Weather LLC, a forecaster ... << MORE >>
Picture of the Week: No Snow in December
This picture comes from Faribault County, Minnesota. This area of Minnesota has had a mild December in terms of snowfall and temperature. Cold temperatures in this region are important in order for compaction in the soil to be naturally broken up by the expansion of the frost. In addition, a hard frost will kill pests and diseases decreasing the farmer's input costs of pesticides and fungicides the following year.
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.
China Becomes Top Ag Market
(DTN) China passed Canada as the top market for U.S. ag exports in 2011. As recently as 2004, China's purchases totaled only $6 billion, making it our
fifth-largest ag export market. In the fiscal year that ended Sept. 1, the world's largest importer of cotton and soybeans bought $20 billion of U.S. products, accounting for 15% of our record
$137.4 billion sales total, according to USDA.
USDA places China's 2011--12 total ... << MORE >>
USDA places China's 2011--12 total ... << MORE >>
Iowa County farmland reaches $6,400 threshhold
(YourWeeklyPaper) Iowa County farmland values are keeping in step with the recent bullish trend across the state.
The price of an acre of farmland in the county jumped by a whopping 29 percent during the past year to $6,428, according to figures released by Iowa State University Extension last week. That’s just below the $6,708 per acre price estimate, per the results of ISU’s Iowa Land Value Survey conducted in November.
“Well, it’s pretty incredible,” observed Tom Sandersfeld, ... << MORE >>
The price of an acre of farmland in the county jumped by a whopping 29 percent during the past year to $6,428, according to figures released by Iowa State University Extension last week. That’s just below the $6,708 per acre price estimate, per the results of ISU’s Iowa Land Value Survey conducted in November.
“Well, it’s pretty incredible,” observed Tom Sandersfeld, ... << MORE >>
Argentine Government Limits Foreign Landowners
(AP) Argentina imposed tough new limits on foreign ownership of farmland on Thursday, part of a package of laws that give the government much more
control over the agricultural industry.
The Senate voted 62-1 to bar non-Argentines from holding title to more than 2,500 acres. Nationwide, no more than 15 percent of the farmland can be sold to foreigners, and no more than 30 percent of foreign-owned land can be held by people from the same nationality. ... << MORE >>
The Senate voted 62-1 to bar non-Argentines from holding title to more than 2,500 acres. Nationwide, no more than 15 percent of the farmland can be sold to foreigners, and no more than 30 percent of foreign-owned land can be held by people from the same nationality. ... << MORE >>