Another Record Land Sale in Iowa

Dan Agri-Business, Economy

Iowa set another record for farmland sales. Seventy-three acres of high-quality farmland in Sioux County, Iowa, sold for $30,000 per acre at auction on November 11. That’s a total sale worth $2.195 million. That’s just part of a new $30,000-per-acre club in Iowa. A local farmer was the buyer, and the runner-up was also a farmer. A statement from Iowa …

Thanksgiving meal

NFU Releases 2022 Farmer’s Share of Thanksgiving Food Dollar

Dan Agri-Business, Economy, This Land of Ours

How much do farmers make for that Thanksgiving meal? That’s coming up on This Land of Ours. National Farmers Union (NFU) released the 2022 Farmer’s Share of the food dollar for several items typically served for the Thanksgiving holiday. Included in the 2022 Thanksgiving Farmer’s Share numbers are:  Even though consumers are paying more for food this year, almost none …


Rural Mainstreet Economy Shrinks for Six Straight Months

Dan Economy

The Creighton University Rural Mainstreet Index fell below growth-neutral for the sixth-consecutive month. On a scale of one to 100, 50 represents growth neutral. The Economic Confidence Index plummeted to its lowest level since 2020. Almost 31 percent of bank CEOs in the survey area recommend that the Fed cease raising interest rates. Despite the weaker rural outlook, only 14 …


BASF Financing Program

Dan Economy, Seeds

As the agriculture community grapples with uncertainty ahead of the 2023 growing season, BASF is extending what some would call a lifeline in the midst of an unsettled economy. For the second year in a row, BASF is offering direct access to a zero percent financing program to partner with established and new growers as they explore simple purchasing options. Scott Kay …


Combine Sales Rise While Tractor Sales Drop in October

Dan Agri-Business, Association of Equipment Manufacturers (AEM), Economy, This Land of Ours

A look at trends in ag equipment sales. That’s coming up on This Land of Ours. Combine harvester sales showed double-digit gains during October in North America. The Association of Equipment Manufacturers says all tractor sales fell in the U.S. and Canada. The latest AEM report says total U.S. ag equipment unit sales stayed above the five-year average for the …


Thanksgiving Dinner Cost Up 20% per Farm Bureau Survey

Dan American Farm Bureau Federation (AFBF), Economy, Field Crops, Fruits, Pork, Poultry, Specialty Crops, USDA-AMS, Vegetables

(AFBF/WASHINGTON, November 16, 2022) — Spending time with family and friends at Thanksgiving remains important for many Americans and this year the cost of the meal is also top of mind. American Farm Bureau Federation’s (AFBF) 37th annual survey provides a snapshot of the average cost of this year’s classic Thanksgiving feast for 10, which is $64.05 or less than …