Farm Business - General
For 2021, USDA reports the value of the nation’s cropland is $4,420. That’s up $320, or nearly 8%, from 2020.
An index monitored by pension and investment funds show total returns to farmland ownership rose during the second quarter of 2021 when compared to the previous quarter and a year earlier.
Hurricane Ida caused “significant damage” to a Louisiana grain export elevator owned by Cargill Inc. Ken Erickson, Senior VP agribusiness with IHS market, says the Hurricane’s potential impact on exports is huge.
Over the last couple of decades, leasing out hunting ground has become an ancillary opportunity for farmers to add some additional income.
White House Doubles Inflation Forecast as Inflation, Labor Already Pressures U.S. Dairy Herd Numbers
The Biden Administration is now projecting inflation to rise by 4.8% in the Q4 of 2021, up from the 2% forecasted in May, and inflation is already starting to slow growth in the U.S. dairy herd.
The largest U.S. producer of glyphosate is offline due to the impacts of Hurricane Ida. Bayer confirmed its Luling, La., site was offline as of Monday. However, the duration of the pause in production is still unknown.
USDA is out with its new ag export forecast for both this year and next, and it’s showing exports could hit $173.5 billion in 2021, $4 billion more than 2020, due to higher livestock, poultry and dairy exports.
Each week, Paul Neiffer visits with a farmer or someone involved in the ag industry on “The Farm CPA Podcast,” brought to you by Top Producer.
Farmland values continue to increase and are nearing levels not seen in eight years, according to a recent report from Farm Credit Services of America.
Livestock producers have seen their share of ups and downs over the last few years: trade wars, pandemic-spurred supply chain disruptions, labor shortages and high feed costs.