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Six members of the National Alliance of Independent Crop Consultants give a crop update from seven states
In the field of agriculture, there is no greater opportunity for consultants, researchers, quality assurance, and industry professionals to “sharpen one another” than at the NAICC annual meeting in January.
During these uncertain times, NAICC maintains it purpose to educate and support our membership. The NAICC has developed forms for those who may encounter movement restrictions as they continue to service their clients.
These are the top regulatory actions affecting NAICC members.
The farmland market continues to be stable in Wisconsin.
Healthy demand for a thin farmland market props up values.
Farmland values continue to defy gravity in many regions of farm country. Here are three reasons farmland values could make a dramatic move.
As waters recede from the thousands of acres that were flooded this spring, attention turns to spring planting. If those acres are rented, who will pay for the cleanup? Should the rental rate be adjusted?
The market value for farmland in the Cornhusker state dropped again in 2019. The average per-acre value is $2,650, a 3% drop from 2018.
Cash rents in Iowa are down 1.4% to an average of $219 per acre for the 2019 crop year, according to an annual survey conducted by Iowa State University.
Farmers continue to face declining farm income in the Midwest and Mid-South regions, according to the Federal Reserve Bank of St. Louis. Meanwhile, after holding steady farmland values have edged lower.
Despite continued, several factors are pointing to some downward pressure on farmland markets.
Doug Hensley gives six drivers keeping the farmland market firm despite so much uncertainty in ag.
In the past few years, farmland values have been surprisingly resilient. Looking forward, however, prices may lean lower.
On rented land, it’s critical to ensure proper communication about prevented plant with the landowner, says Chris Barron, farmer and CEO of Ag View solutions and a Top Producer columnist.
Despite a slower land market, Farmers National has seen a 29% increase in the number of acres sold by the company compared to last year and 22% over two years ago.
“There may be a win-win opportunity out of this for some folks. If it’s a field that has been historically wet, going to prevent plant may offer an opportunity to do a summer tile project and improve the drainage.”
To think about the future, you have to study the past too.
For the fifth consecutive year, land values have declined in Nebraska.
The farm economy remains under pressure, with several key indicators showing farmers are facing financial strain. But, a few positive factors could help support credit conditions in the future.
The average farm real estate values for the U.S. is $3,160 per acre in 2019. That’s up $60 from 2018, according to USDA’s 2019 Land Values Summary.
Values declined an average of 0.59% in the first six months of 2019 for the 64 benchmark farms FCSAmerica monitors in Iowa, Nebraska, South Dakota and Wyoming.
The biggest concerns in the market value of land currently will depend on the length of time tariffs are in place, suppressed crop prices and the State’s extremely high property tax policies.
As waters recede from the thousands of acres that were flooded this spring, attention turns to spring planting. If those acres are rented, who will pay for the cleanup? Should the rental rate be adjusted?
On rented land, it’s critical to ensure proper communication about prevented plant with the landowner, says Chris Barron, farmer and CEO of Ag View solutions and a Top Producer columnist.
Despite a slower land market, Farmers National has seen a 29% increase in the number of acres sold by the company compared to last year and 22% over two years ago.
In the past few years, farmland values have been surprisingly resilient. Looking forward, however, prices may lean lower.
Farmland values continue to defy gravity in many regions of farm country. Here are three reasons farmland values could make a dramatic move.
The market value for farmland in the Cornhusker state dropped again in 2019. The average per-acre value is $2,650, a 3% drop from 2018.
Farmers continue to face declining farm income in the Midwest and Mid-South regions, according to the latest report from the Federal Reserve Bank of St. Louis.