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Landus announces the launch of its latest technology-focused initiative, Conduit, which will offer zero-interest loans on inputs and more, as well as former FBN executive Amol Deshpande’s addition to the team.
The latest Ag Economists’ Monthly Monitor projects a major drop in net farm income this year. Economists are also growing more pessimistic about the potential for interest rate cuts in 2024.
Alan Hoskins, president of American Farm Mortgage, shares his expectations for the economy and how it changes the buying process.
“It’s hard to put yourself in growth mode when things are getting so expensive,” says Tanner Ehmke with CoBank.
At Christiansen Land and Cattle, they’re committed to excellence and continuous improvement, a mindset that started when Christine Hamilton’s family homesteaded in South Dakota in 1891.
Mark Faust shares the biggest sectors where most companies could improve.
What’s the most challenging thing about running a legacy brand? “The biggest challenge is being pigeonholed. Everyone expects us to recreate the past, but the future doesn’t look like what we were,” Lamar says.
The latest barometer, which is based on an economic sentiment survey of 400 agricultural producers each month, recorded a reading of 114 – down 1 point compared to a month earlier.
Farm income is expected to drop notably from last year alongside lower revenues and higher expenses, but remain well above the historic average.
Though inflation is currently high, Indiana ag lender Joe Kessie doesn’t expect a repeat of what he experienced in his early career for three main reasons.
While ag loan balances are up, they remain in good shape with delinquency levels low.
New operating loans have interest rates double compared to 2021
The rural economy keeps chugging along, according to the Creighton University Rural Mainstreet Index. For the ninth straight month, the RMI has stayed above growth neutral.
For 13 straight months, the rural economy has posted healthy and consistent growth.
For 15 straight months, the rural economy has posted healthy and consistent growth.
For the sixth time in the past seven months, the rural economy has posted signs of weakness. That’s according to the Rural Mainstreet Index (RMI) from Creighton University.
For a sixth consecutive month, the rural economy has posted signs of weakness. That’s according to the Rural Mainstreet Index (RMI) from Creighton University.
Agricultural lending by U.S. farm banks increased 8.1% in 2022 to $103.1 billion, according to the American Bankers Association’s annual Farm Bank Performance Report.
Suppliers and retailers continue to cut glyphosate prices in the U.S. as the industry grapples with too much supplies. With no resolve in sight, one inputs analyst thinks glyphosate prices could remain low through 2023.
Wednesday’s interest rate decision broke a streak of 10 straight meetings where the Fed announced higher rates. Officials say another half-a-percentage-point hike is likely yet this year.
Despite the positive sentiment, local community bankers report concerns about lower commodity prices, the ‘big bank mess’ and another potential rate hike in June by the Fed.
USDA’s first official net farm income forecast shows an expected 16% drop in 2023 net farm income, largely due to a decline in commodity prices and government payments with higher expenses and costs at the farm level.
Twenty months after its launch, Traction Ag has made its first acquisition. Corteva has sold its Granular Business software to the Traction Ag, which includes its farm management technology.
Overall, cash rent levels will likely increase across all land classes. But, they’re less than the increases that happen between 2021 and 2022.
Startups focusing on row crop innovations can now apply for a chance to pitch their idea before a national audience of leading farmers, retailers, farm advisors, and agronomists at Farm Journal’s 2019 AgTech Expo
“We are excited about the caliber and vision of these teams, and their capacity to totally transform the future of row crop agriculture,” said Schuyler Dalton, of AgLaunch.
FMC Ventures announced its first portfolio investment in Trace Genomics, Inc.
Teams spent five days in Tennessee refining their value proposition, meeting with leading farmers and agricultural industry experts, and improving their pitches for the Row Crop Challenge at AgTech Expo.
Currently, Rantizo service providers are primarily focused in the Midwest and can be found from the west coast to as far east as Pennsylvania.
Both agricultural lenders and economists are watching the possible impact higher interest rates will have on not only the number of U.S. farmland sales, but the price.