A survey of one program's Red River Valley farm clients’ 2016 financial results provided some interesting points, but that data will likely be quite different in 2017.The North Dakota and Minnesota Farm Business Management Education program recently released a summary of its Red River Valley farm clients’ 2016 financial results, which included specific data from 240 farms. Following are a few of the report’s interesting points:
Crop acres owned by the operators averaged 23 percent of the total acreage farmed, which was the same for both the bottom and top 20 percent of survey participants. This points out the higher percentage of farmland, approximately 80 percent across the northern Plains, that is owned by absentee landowners. Average...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
