News
Today’s agriculture headlines and expert perspectives serving farmers, ranchers, crop consultants, livestock nutritionists and the entire U.S. ag community.
Above-average crop yields created optimism for farmland prices last fall. That post-harvest bump combined with a short supply of land for sale and continued low interest rates have propped up values in many locations, says Randy Dickhut, senior vice president of real estate operations for Farmers National Company (FNC).
Maintains plan to cut corn stockpile and acreage in 2017.
Sue Martin, president and owner of Ag and Investment Services, Inc., has been watching futures prices on corn. She is noticing a pattern that has happened since 1969 that has proven favorable for farmers 18 out of 19 years.
More than 60 agriculture groups sent letters to lawmakers hoping federal crop insurance will survive budget negotiations.
The European Union (EU) court recently ruled in favor of Italian farmer Giorgio Fidenato who planted GMO corn. Italy didn’t allow farmers to plant GMO products and sued Fidenato in 2013, according to AP.
Wall Street type investment firms have found out what most farmers have believed for years—farmland is a good long-term investment. More institutional-type investors are likely to enter the picture and buy land as many farmers, who would have vied for the property three or four years ago, are holding back and hanging onto their cash.
Following a three year decline, it appears farmland values may be stabilizing in 2018.