U.S. farmland prices increased 12.4 percent over the last year, according to new data from the USDA National Agricultural Statistics Service (NASS). Rod Bain has more details about the recently released 2022 Land Values Summary. The annual NASS report also notes cash rents saw gains in several categories but smaller in comparison to increases in farmland real estate values. Chief Economist Seth Meyer explains differences in …
Inflation Hitting Farm Families
Inflation is ‘front and center’ for agriculture and other sectors as Washington lawmakers fight over ways to control it ahead of the November midterm elections. Iowa Senator Joni Ernst says farm families are facing tough pocketbook issues at the Iowa State and county fairs this year. “We are in a recession, and a lot of these families that normally are …
Inflation Reduction Act Passes in House
The bill, known as the Inflation Reduction Act of 2022, secures the largest-ever investment to tackle climate change. Roughly $370 billion is dedicated to reducing harmful emissions and promoting green technology. The bill will now be sent to President Biden for his signature. With a vote of 220-207 the House approved a sprawling bill to lower prescription drug costs, address global …
Heavy-Duty Tractors and Harvesters See Gains in July
According to the latest data from the Association of Equipment Manufacturers (AEM), U.S. ag tractor monthly unit sales fell in July, but combine sales grew. U.S. total farm tractor sales fell 21 percent in July compared to 2021, while combine sales for the month grew 9.2 percent. That’s the second straight month of gains in combines so far this year. Heavy-duty ag …
Lower Revenues for Beyond Meat
Beyond Meat, the plant-based meat company is generating a lot of bad news recently. Food Fix says the company’s stock fell late last week on news it was lowering its revenue forecast for the year. That announcement came one day after saying it would lay off four percent of its workforce to burn less money. A MarketWatch article says the …
Tyson Foods Reports Sales Slump
Reduced domestic and international demand for pork is hitting Tyson Foods, one of the nation’s top pork producers. The Arkansas-based meatpacker reported this week that the company earned approximately $25 million from its pork business for the three months ending on July 3. That’s about 63 percent lower than the same quarter in 2021. The company reports that China, the …
Food Prices Post Biggest Drop Since 2008
Food prices continue to drop. That’s coming up on This Land of Ours. Global food prices fell by the biggest amount since 2008 due to easing concerns over the supplies of grains and vegetable oils as Ukraine restarted its exports. The United Nations world food cost index dropped almost nine percent in July. Bloomberg says the index is at its …
No Signs of Slowing Down on Interest Rate Hikes
There are no signs by the Fed about slowing down with hiking interest rates. Mark Oppold reports there is more work that needs to be done to curtail inflation. Sponsored ContentFlorida Cattle Enhancement Board Provides Funding For Quicker Response to Research QuestionsApril 10, 2026Florida Cattle Enhancement Board Provides Opportunities That Spark Research ProjectsApril 3, 2026United Dairy Farmers of Florida Director …
Land Prices Continue to Set New Records
The sale prices for good cropland in rural America continue upward, reaching new high points in many states. Farmers National Company says the “record” sale prices continue to capture headlines, but there has generally been continued strength in the land market, with good cropland attracting the most attention from buyers. “The upcoming months will set the trend in land prices,” …
Discussion on Higher Input Costs
Taking a wider look at higher ag input costs. That’s coming up on This Land of Ours. American Agri-Women hosted the Global Food and Energy Supply Conversation recently to respond to member interest in rising input and food costs. AAW President Heather Hampton+Knodle, moderated the event. “As farmers and ranchers, we find ourselves grappling with this market price volatility and …