Farm loan interest rates increased sharply during the third quarter. The Federal Reserve Bank of Kansas City says despite the high borrowing costs, farm real estate values continued higher. However, the rate of increase slowed in the quarter. Following consistently higher increases earlier in 2022, the value of farmland in most Districts grew at a slightly slower pace during the …
USDA Announces Plans for a Section 32 Purchase of American Lamb Products
Last week, the U.S. Department of Agriculture (USDA) announced plans for a Section 32 purchase of American lamb products for distribution to various food nutrition assistance programs. The purchase was a request by the American Sheep Industry Association (ASI) and the National Lamb Feeders Association earlier this year. Support for the purchase also came from congressional delegations from several Western states in recent months. “We …
Another Record Land Sale in Iowa
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 …
NFU Releases 2022 Farmer’s Share of Thanksgiving Food Dollar
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 …
Farm Milk Prices Likely to Fall Next Year as Output Grows
As we look ahead to next year, those in the dairy industry wonder what the prospects are for operators in 2023. Gary Crawford has a story that helps answer that question. Sponsored ContentWhat Sets Provysol® Fungicide ApartJuly 8, 2025CIR Agriculture Harvester ProductsJuly 1, 2025Nuseed Carinata Covers New GroundOctober 1, 2024
Watching Markets before the Holiday Break
We told you yesterday that markets have been seeing some wild swings as of late, and how some traders are closely watching the grain and livestock trade. Mark Oppold notes this is especially true heading into the Thanksgiving break. Sponsored ContentWhat Sets Provysol® Fungicide ApartJuly 8, 2025CIR Agriculture Harvester ProductsJuly 1, 2025Nuseed Carinata Covers New GroundOctober 1, 2024
Rural Mainstreet Economy Shrinks for Six Straight Months
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
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 …
Markets Seeing Some Wild Swings
Various factors are closely being watch this week in the grain trade. Mark Oppold has more information about the trade for this holiday shortened week. Sponsored ContentWhat Sets Provysol® Fungicide ApartJuly 8, 2025CIR Agriculture Harvester ProductsJuly 1, 2025Nuseed Carinata Covers New GroundOctober 1, 2024
Combine Sales Rise While Tractor Sales Drop in October
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 …