Top Producer
A Bushel online survey found a correlation between marketing satisfaction and understanding and use of cost of production data.
While ag economists continue to be at odds when it comes to the likelihood of a recession in the U.S., some doubt the country’s biggest importers will be able to avoid a recession over the next 18 months.
The results of the Realtors Land Institute - Iowa Chapter’s September Land Trends and Values Survey show a decline in the rate of land value increase.
If your available labor pool seems to be getting more shallow, Rachel Beardsley, partner at Fragomen, an immigration law firm, says ag business managers can think more creatively.
If Congress doesn’t pass stopgap funding, crop production and progress reports will probably stall. That won’t bode well for markets. “Usually it means that we’ve got some selling pressure ahead,” says one analyst.
Fractal pairs farmers wanting to expand their operations with hands-off investors who recognize the value of farmland.
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Ag economists’ view on the ag economy is starting to erode. The September Ag Economists’ Monthly Monitor shows lower commodity prices, concerns about demand and a negative outlook for China’s economy.
There’s a new record farmland sale on the books. After a 15-min. bidding war between two area farmers, the gavel fell at $34,800 per acre, which is $4,800 more than the previous record set in November 2022 in Iowa.
Mortgage interest rates just hit a twenty-year high, topping 7%. High borrowing costs will slowly dampen farmer demand for acres as record land prices mean all but a few will have to borrow some to buy.
While ag loan balances are up, they remain in good shape with delinquency levels low.