enrollment

U.S. Cropland Value Holds Steady

Dan Industry News Release

The USDA’s 2017 Land Values Summary shows that the average acre of American cropland is worth $4,090. That’s unchanged from last year and the third-highest in history. Pastureland values increased by $20 from last year to a national average of $1,350. That’s the highest value for pastureland USDA has ever recorded. The Southern Plains states of Texas and Oklahoma saw …

farm debt

Farm Debt Likely to Reach All-Time High in 2017

Dan Economy, Industry News Release

Low commodity prices have made things tough by bringing down land values, tightening balance sheets, and increasing the stress level of America’s producers. Unfortunately, that means farmers are continuing to take on more debt. The amount of outstanding farm debt is likely to reach an all-time high this year. Brent Gloy of Agricultural Economic Insights says if the debt level …

cash rents

Farm Economy May Be Starting to Stabilize

Dan Economy, Industry News Release

The prolonged downturn in the farm economy continued in the second quarter of 2017. However, data from the Kansas City Fed’s Survey on Agricultural Credit Conditions shows the farm economy may finally be starting to stabilize. While economic conditions did continue to weaken in the second quarter, the pace of that deterioration has slowed. While the farm loan repayment rate …

cropland

USDA NASS: Cropland Values Stable

Dan Industry News Release

An annual report by the Department of Agriculture shows cropland values have remained stable this year. The USDA National Agricultural Statistics Service’s Land Values 2017 Summary shows a slight increase in average farmland value, but cropland value remained unchanged from the previous year. The United States farm real estate value, a measurement of the value of all land and buildings …

Farmers Indicate Higher Outlook on Farm Economy

Dan Economy, Industry News Release

Farmers surveyed as part of the Purdue/CME Group Ag Economy Barometer indicated more optimism in July because of better commodity prices expectations this fall. The monthly survey for July reached 139, its highest level since January 2017, and its second-highest level since data collection began in October 2015. The increase continues a trend seen over the summer of more optimism …

house ag

Ag Lenders Pessimistic About Farm Profits

Dan Industry News Release

Farmers are still feeling the pressure of a lagging farm economy. A joint survey from the American Bankers Association and the Federal Ag Mortgage Corporation confirms the pressure. Nearly 90 percent of ag lenders report an overall decline in farm profitability over the last year. 84 percent indicate there are higher levels of operating leverage as a result. The survey …

rural mainstreet

Current Farm Downturn Not Likely to Reach 1980’s Crisis

Dan Economy

A report by a Farm Credit Administration economist told the Administration’s board members last week that the current downturn in the farm economy is not likely to reach a 1980s-style crisis. Farm Credit chief economist Stephen Gabriel said the “likelihood of this is very low,” adding that a confluence of adverse factors led to the crisis that occurred in the …