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The Surprising Reason Land Values Remain Strong Falling cash grain prices are resulting in lower farmland values in many Corn Belt states, but not as much as you might think. Recent survey results indicate that average prices paid for average farmland in those states declined by 1% since January 1 in Illinois, and 1.7% from March to September in Iowa. The Illinois Society of Farm Managers and Rural Appraisers and Realtors Land Institute released survey results on August 29; the Realtors Land Institute unveiled its findings September 10. Read more More News: Why Aren't Land Values Plummeting? That's a Trick Question Farm Bill Expiration ...
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Farmland Values Still Inching Upward SALEM, Ohio — Low commodity prices apparently haven’t stopped the increase in farmland values for most landowners in the Farm and Dairy readership area. Farmland in Ohio, Pennsylvania, West Virginia, Kentucky and Indiana all saw increases over the previous year, according to the National Agricultural Statistics Service, which puts out an annual farmland values report each August. In Ohio, an acre of farm real estate (land and buildings) averaged $5,740 an acre in 2017, the first increase in three years. In Pennsylvania, farm real estate averaged $5,680 an acre. Both states were up 1.6 percent over the previous year. ...
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Number of U.S. Farms Declines While Size of Farms Increases Dow and DuPont. Monsanto and Bayer. John Deere and Blue River Technology. AGCO and Precision Planting. In almost every segment of the agriculture industry — from chemical and seed, to farm equipment and technology — consolidation is taking place. And the cause of these major mergers is a direct reflection of what is taking place on the end user side: farm consolidation. “The strength in the number of farms is going to determine how many dealers there are, and to a certain extent it’s going to determine how many manufacturers there are,” says Charles R. Glass, president of Glass Management Group ...
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U.S., China to Resume Trade Talks in Washington Amid Low Expectations WASHINGTON, Aug 22 (Reuters) - U.S. and Chinese officials are set to resume contentious trade talks on Wednesday under the cloud of a prediction by U.S. President Donald Trump that there would be no real progress. The discussions among mid-level officials could set a framework for further negotiations as each country prepares to hit the other with new tariffs on Thursday in a deepening dispute over China's economic policies. Trump has threatened to impose duties on virtually all of the more than $500 billion of Chinese goods exported to the United States unless it meets his demands. ...
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​ ASFMRA Education Approved For Veterans GELNDALE, CO- The American Society of Farm Managers and Rural Appraisers® (ASFMRA®) has been approved by the Veterans Administration for veterans to use their benefits under the GI Bill® towards education in the agricultural appraisal industry. ASFMRA core education classes held at the campus in Glendale, Colorado for those seeking their Trainee License, Certified General Appraiser License and for attainment of the Accredited Rural Appraiser designation are part of the Veterans Administration approval. “This is an incredible opportunity for veterans that want to enter the appraisal profession and work with rural ...
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As Land Prices Climb, Small Farmers Look to Leasing as a Way to Stay in the Game While managing their produce farm in Berks County six years ago, Deirdre and Trey Flemming searched for open farmland and better schools for their kids. Ideally, they wanted to lay claim to land in Chester County. But property in Chester County isn’t cheap, and what’s available is often quickly snapped up and converted into equestrian property or used for other commercial ventures. And like many small farmers, the Flemmings, who own the certified organic Two Gander Farm, couldn’t afford to pay at least $1 million for just 20-some acres of land. Then a tip came their way: Did ...
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Farm Income and Land Prices are Both Falling, St. Louis Fed Survey Finds Prices of crop land are beginning to fall as a long slump in farm income continues, the St. Louis Federal Reserve Bank reports. The Fed's quarterly survey of agricultural bankers, conducted in June, found that prices for quality farmland were down 3.5 percent in the past year. Ranch or pasture land, however, got 1.6 percent more expensive, even though rents on such land fell by 9 percent. One banker said prices within a short drive of St. Louis are holding up especially well. Read More More News: Farm Real Estate Value Averaging $3,140/Acre for 2018 Wisconsin Farmland ...
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U.S. Farmland Values Hit a Record Despite Trade Fears While crop groups have sounded the alarm over U.S. trade wars, here’s one measure that shows part of the agricultural economy is still vibrant: U.S. farmland values just rose to a record. Average farmland values nationwide have increased 1.9 percent to $3,140 an acre so far this year from 2017, according to a report released Thursday by the U.S. Department of Agriculture. The gain  signals that investors are focusing on farmland as a longer-term investment, and may consider the trade tensions to be short term. Keep Reading More News: Senate Names Farm Bill Conferees Net cash farm income ...
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Farmers' Working Capital Drops to 10-Year Low The financial condition of the U.S. farm sector continues to deteriorate. The extent of the deterioration is perhaps best seen in the level of working capital which has fallen sharply since 2012. This decline does not bode well for the financial condition of many U.S. farmers. The amount of working capital (current assets minus current liabilities) in the U.S. farm sector provides an indication of the liquidity of the sector. Working capital provides a financial cushion for farmers. Learn More More News: Administration Earmarks Up to $12 Billion for Agriculture to Offset Trade War USDA Funding ...
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Farm Survey Offers Glimpse at Changing Face of Agriculture Farming in Iowa has changed significantly since the first Iowa State University Farmland Ownership Tenure Survey was taken in the 1940s. The most recent survey, released earlier this month, analyzed trend data from 2012-2017 and offered a glimpse of the changing face of agriculture at the state level. Advantage Realty and Land Management broker and manager Sam Harper pointed to the level of farms owned debt free as one of the most telling statistics revealed in the report. "Probably the number that sort of surprised me a little bit was 82 percent of the farm ground is owned now debt free," ...
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“Land Values are Strong, so I am Okay.” The other day, a third-hand conversation brought up an interesting perspective. This young, new lender to agriculture had $20 million of potential loans in his pipeline. He indicated to the farm management consultant that he felt okay because land values were still strong in his area. My perspective is that this thought process is very common,particularly later in the stages of an elongated economic downturn. Profits and cash flow are first to be suppressed in the stages of an economic downturn. The strong, proactive manager will burn through working capital that was built during good economic times. The reactive ...
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What Rising Interest Rates Mean for Farmers The Federal Reserve raised interest rates in June for the second time in 2018. Matt Monteiro, vice president of finance and treasurer for Farm Credit Mid-America, gives these points to keep in mind when thinking about how interest rates may affect farmers. 1. Rates are still historically low. When the financial crisis hit in 2008, the Federal Reserve Open Market Committee, or the Fed, set the federal funds rate to zero or a quarter percent to influence economic activity and to bring the economy back. The Fed kept it there until December 2015. The recession was prolonged and the recovery was slow. Since then, ...
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Senate Passes Farm Bill – No Crop Insurance Amendments Offered Last week the Senate passed its version of the 2018 Farm Bill by a vote of 86 – 11. You can see how your Senator voted here . A special “Thank you” to all of you that called your Senators to urge a “no” vote on the Durbin/ Grassley amendment to apply AGI to the crop insurance program and the Flake/ Shaheen amendment to cap premium assistance. It does make a difference. As it turned out, neither amendment was offered, in no small part because you and others in the commodity, crop insurance, and conservation community made phone calls and contacts to Senate offices urging against the adoption ...
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As U.S. - China Dispute Escalates, Farm Groups See Added Risk with No Escape Commodity prices are falling in the wake of President Trump’s threat of round after round of tariffs on China, and on Tuesday, groups representing wheat and soybean growers warned that the White House is making trouble for U.S. agriculture with its aggressive tactics. Trump believes he will win the fight, so farmers will have to endure the turmoil, said Iowa Senator Charles Grassley, adding, “I’m kind of scared for agriculture.” “Soybean prices are falling as a direct result of this trade feud,” said John Heisdorffer, president of the American Soybean Association, a farm group. ...
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Why ASFMRA?

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How great would it be to sit in a room and find it full of other people who are  all employed in your field of interest? When you are just getting started in your career it can be difficult to find a group of professionals to network with and support your growth. How do you find a group of people who are all passionate about your field of interest? Answer: Join an association, ASFMRA to be exact. If you are interested in a career in ag join ASFMRA today! Student membership is free and provide you with the opportunity to network with  the most trusted rural property professionals . Benefits of Joining: 1) Access to internships and job opportunities. ...
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Senate Agriculture Committee Passes Farm Bill, Possible Floor Action This Week Last week, the Senate Agriculture Committee passed its version of the 2018 farm bill out of Committee by a vote of 20-1. Senator Grassley (R-IA) was the lone dissenter. He would like to see tighter restrictions regarding who qualifies for farm payments (actively engaged definition) and did not offer his amendment during Committee mark-up to restrict payments but promised to offer it during Senate floor consideration. Senate Majority Leader Mitch McConnell (R-KY) attended the mark-up to discuss and defend his language regarding the cultivation of hemp. He is a member of the Senate ...
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Growing Land Values Pose Challenges Buying farm ground isn’t easy these days, as Wilder, Idaho, potato grower Doug Gross was recently reminded. “We tried to buy a farm adjoining us and we were outbid by an institutional investor,” he said. Gross put in a bid he thought represented fair-market price. The institutional investor offered “hundreds of dollars more” per acre, he said. He would not elaborate except to say the investor’s offer was about 7 percent more than his. Read More More News: Senate Committee Releases Farm Bill Ag Groups Take Action in WOTUS Case Coastal Bend Crops Critical as Drought Intensifies White House Tries ...
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Farm Bill Update After failing to pass the farm bill, the House passed a rule to allow consideration of the motion to reconsider the House farm bill (H.R.2) until June 22, 2018. The House could vote on the motion at any time up to that date or it could extend the deadline for a vote. The Agriculture Committee will make no changes to H.R. 2 in the interim and is expecting a vote sometime after the House votes on an immigration bill. Further amendments will not be considered on the House floor to the farm bill, so it will be essentially a straight up-or-down re-vote on H.R. 2. The Senate Agriculture Committee did not announce a date for mark-up before the ...
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House Sets New Vote on Farm Bill WASHINGTON - The House quietly delayed Speaker Paul Ryan’s attempt to revive the farm bill until June 22, with GOP leaders intending to remove conservative opposition to the bill by holding a vote on immigration control in the interim. Representatives agreed to the June 22 target by passing, 227-180, a multipart resolution on Tuesday that set terms of debate for three bills, including a military spending bill. The final sentence in the resolution said action on the farm bill “may continue to be postponed through the legislative day of Friday, June 22.” “Obviously, last Friday was regrettable. Obviously, we did not want ...
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Make the Most of Your Summer Memorial Day weekend is here and with it the start of summer. What are your plans?  While a good GPA and strong course load will look good when you go to apply for your first job, they are not the only thing potential employers will be looking for. Employers want to hire well-rounded candidates that show true interest in their field. Here are a couple ways you can utilize your time this summer to do just that:   1)      Undergraduate Research - Do you have a professor who is working on a large project? Talk to them about interning for them or joining their research team. 2)      Intern/Job Shadow ...
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