Given farmers' current financial concerns, the bet by Farmland Partners, a real estate investment trust that continues to expand its portfolio of farmland ownership despite the market situation, was a surprise.
Most farmers are rapidly cutting expenses and pushing back against land lease rates considered too high given the bearish market situation. Thus, the bet by Farmland Partners, a real estate investment trust that continues to expand its portfolio of farmland ownership despite the market situation, was a surprise. The company just boosted its holdings by a fifth and now controls 100,000 acres. It will reportedly continue to add land, believing that increasingly higher yields will offset crop price declines. This may also mean an opp...
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...
Monday, 25 May is a U.S. holiday, and both the markets and our office will be closed. Please note that the next issue of Ag Perspectives will be published on Tuesday, 26 May. The WPI staff wishes everyone a safe and enjoyable holiday weekend...
USDA’s monthly cattle on feed report was released today. The total number of cattle on feed in feedlots with 1,000 head or more capacity amounted to 11.6 million head, 102 percent of last year. Source: USDA, WPI Placements were up, but part of that is attributable to persistent drought c...
