Apr 19, 2014
Home| Tools| Blogs| Discussions| Sign UpLogin


August 2010 Archive for Your Precious Land

RSS By: Mike Walsten, Pro Farmer

Mike Walsten has covered major business trends in agriculture for more than 35 years.

Missouri Cropland Rises 3.6%; Pasture & Hunting/Recreation Land Slide

Aug 31, 2010

Mike Walsten

The state average of Missouri cropland rose $100, or 3.6%, to $2,888 per acre, as of July, according to the annual survey conducted by University of Missouri Extension Economist Ron Plain and Joyce White, project coordinator. The survey found cropland values increased in 11 of the 20 regions of the state. However, pasture values slipped $79 to $1,942 an acre, a slide of 4%. Non-crop/non-pasture land values averaged higher in 11 regions but the statewide average declined 1.8%. Land with timber was up $15 at $1,586 per acre while hunting/recreational land was down $50, 3.2%, at $1,525.

In major cropping areas, cropland values were impacted positively by high corn and soybean prices and weakness in the general economy, the survey reports. Weakness in the general economy was cited as having a negative impact on hunting/recreation land and pasture values. Low cattle prices also had a negative impact on pasture land values, the survey found.

Survey respondents thought 63% of all farmland buyers planned to farm the land themselves, a 2 point increase over 2009. The number planning to rent out their land remained unchanged at 21% and the number planning to use the land for non-farming purposes declined two points.

Survey respondents expect farmland values to decrease over the next 12 months, but are more optimistic than last year, notes Plain. On average respondents expect all Missouri farmland to decrease 1% with cropland holding steady, pasture falling 2% and other types of rural land down 3%.

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.

Bank Survey Finds 6% To 8% Rise In Minnesota, Northern Plains Farmland Values

Aug 30, 2010

Mike Walsten

The value of good agricultural land in Minnesota and the Northern Plains rose 6% to 8% as of July 1, according to a survey of agricultural bankers conducted by the Federal Reserve Bank of Minneapolis. The Minneapolis Fed bank serves bankers in Minnesota, Montana, North Dakota, South Dakota and the Upper Pennisula of Michigan. The bank says average values for irrigated and non-irrigated cropland increased by 6% and 8%, respectively, from a year ago. Ranchland values, however, slipped 2% from a year earlier.

The survey also found average cash rents for irrigated and non-irrigated farmland increased 6% and 10% respectively.

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.

Value Of Central Corn Belt Farmland Up 6%

Aug 26, 2010

Mike Walsten

The value of good agricultural land in the central Corn Belt rose by 6% as of July 1, according to a survey of agricultural bankers conducted by the Federal Reserve Bank of Chicago. The Chicago Fed bank serves the northern two-thirds of Illinois and Indiana, all of Iowa, the lower peninsula of Michigan and southeastern Wisconsin. Wisconsin was the only state to report a lower farmland value compared to a year earlier, down 1%. Illinois, Indiana and Iowa listed gains of 5%, 4% and 8%, respectively, on an annual basis. On a quarterly basis, Illinois reported a 1% rise compared to the previous quarter and Wisconsin listed a 2% rise versus the prior quarter. Indiana and Iowa reported no change in value compared to the first quarter of this year.

David B. Oppedahl, business economist with the Federal Reserve Bank of Chicago who conducts the survey, wrote: "Location has been a major determinant for farmland values this year, even more significant than quality at times. There have been reports of prices boosted by bidding between farmers for desired parcels of farmland. However, higher quality land has tended to gain the most in value over the longer term."

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.

Bank Reports Rise In The Value Of Texas Farmland

Aug 26, 2010

Mike Walsten

The value of Texas crop and ranchland rose during the second quarter of 2010, according to a survey of agricultural bankers conducted by the Federal Reserve Bank of Dallas. The Dallas Fed bank serves all of Texas as well as northern Louisiana and southern New Mexico. Looking specifically at Texas, dryland cropland rose 1.5%, irrigated cropland gained 4.1% and ranchland increased 1.9% versus the first quarter of 2010. For the year, however, Texas dryland cropland is down 3.2% while irrigated cropland is up 6.1% and ranchland is up 9.2%. For the entire district, the Fed bank says dryland cropland is down 2.2% compared to a year earlier but up 1.7% compared to the previous quarter. On irrigated cropland, the district is up 4.2% compared to a year ago and up 2.8% versus the first quarter of 2010. District ranchland values are up 10.8% on an annual basis and up 3% versus the previous quarter.

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.

US Farmland Values Rose 1.4% In 2009

Aug 04, 2010

The value of all farmland and buildings rose 1.4% by the end of 2009, reports USDA. In the agency's annual report on land values and cash rents released today, USDA said the average price of an acre of farmland rose the greatest, 4.9%, in the Northern Plains region but had fallen 3.3% in the Southeast. The value of all cropland rose 1.1%, USDA reports. The Northern Plains rose 6.9% and the Delta posted a 6.1% increase. Meanwhile the value of cropland in the Southeast declined 5.3% during 2009 followed by a 5% decrease in the Mountain states.

 
Click here to see the full report.
 
I will have more details in the next issues of my newsletter. If interested in seeing a copy of LandOwner, just drop me an email at landowner@profarmer.com or call 800-772-0023. I will include link to the press released once it is posted.
Log In or Sign Up to comment

COMMENTS

Receive the latest news, information and commentary customized for you. Sign up to receive Top Producer's eNewsletter today!

 
 
 
 
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by AmericanEagle.com|Site Map|Privacy Policy|Terms & Conditions