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November 2010 Archive for Your Precious Land

RSS By: Mike Walsten, Pro Farmer

Mike Walsten has covered major business trends in agriculture for more than 40 years.

10% Gain Seen In Central Corn Belt Farmland Values Over Year Ago

Nov 18, 2010

Mike Walsten

The value of "good" Corn Belt farmland rose 10% in the third quarter of 2010 versus a year ago, reports the Federal Reserve Bank of Chicago. Its quarterly survey found values jumped 3% during the third quarter compared to the previous quarter. The bank said values surged 13% on an annual basis in Iowa; jumped 11% in Indiana; rose 10% in Michigan; gained 8% in Illinois, and increased 3% in Wisconsin. .

The bank survey also found 48% of respondents expected farmland values to rise during the final quarter of 2010 while 49% expected farmland values would remain stable in the fourth quarter.

Click here to full the full report.
 

If interested in seeing a copy of my LandOwner newsletter, just drop me an email at landowner@profarmer.com or call 800-772-0023.

Farmland Values Up 3% to 10% Across Texas

Nov 17, 2010

Mike Walsten

Strong farm incomes and timely rains combined to lifted the value of Texas farmland 3% to 10%, according to the Federal Reserve Bank of Dallas. In addition to all of Texas, the bank also serves southern New Mexico and northern Louisiana. It's survey of bankers found the value of irrigated cropland in Texas rose 10% by the end of September versus a year earlier. Texas dryland cropland rose 3% and ranchland increased 8.9%. When including southern New Mexico and northern Louisiana, the bank said district dryland cropland rose 4%, district irrigated cropland increased 8.5% and district ranchland jumped 11.3%..

The bank survey also found 13% of respondents expected farmland values to rise during the final quarter of 2010, the highest percentage in two years. .

View the full report here.
 

If interested in seeing a copy of my LandOwner newsletter, just drop me an email at landowner@profarmer.com or call 800-772-0023.

Farmland Values Up 4% to 10% Across Central/Southern Plains

Nov 12, 2010

Mike Walsten

Strong farm incomes and rising demand lifted the value of farmland 4% to 10% across the central and southern plains, according to the Federal Reserve Bank of Kansas City. The bank serves Colorado, Kansas, northwest Missouri, Montana, Nebraska, northern New Mexico, Oklahoma, and Wyoming. It's survey of bankers found the value of irrigated cropland rose 9.6% by the end of September versus a year earlier. Dryland cropland rose gained 6.4% and ranchland rose 4.3%. Strong gains were noted in Kansas and Nebraska. Irrigated cropland in Kansas and Nebraska rose 12.2% and 11.8%. respectively, while non-irrigated cropland gained 11.8% in Kansas and 9.4% in Nebraska.

Annual farmland cash rental rates were also sup, the survey found, the the gains were not quite as dramatic. Compared to last year, cash rental rates were about 5% higher for cropland and about 2% higher for ranchland.

Click here for the full report.
 

If interested in seeing a copy of my LandOwner newsletter, just drop me an email at landowner@profarmer.com or call 800-772-0023.

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