USDA’s National Ag Statistics Service (NASS) released the 2021 average farm real estate values. The average per acre value of land and buildings on farms across the U.S. was $3,380, up from $3,160 in 2019 and 2020. That is a record value and a 7 percent jump from last year, the biggest percentage increase since 2014. Excluding buildings and assets, crop land values increased 8 percent to $4,420. This is the second highest percentage increase since 2013, when crop land values rose 14 percent. This increase in crop land reflects all the factors that get capitalized into land values: higher crop prices, lower interest rates, and bigger government payments.
Crop Prices, using corn (the largest acreage crop) as a proxy. T...
What You Need to Know Today: Markets got a surprise with a corn yield of 181.2 bushels/acre in the October WASDE, above the average estimate of 177.6 bushels/acre and up from USDA’s September estimate of 178.5 bushels/acre. Although stronger demand is expected to absorb some of the addit...
Key Takeaways: On Friday afternoon, President Trump announced that Russia will “immediately supply over 300,000 Tons of Diesel Fuel” to the United States. The deal, typical of this administration, is light on details but promises an additional 500,000 tons in November and 1 m...
The USDA has lowered its 2026 red meat production forecasts slightly while forecasting a slight increase in broiler production. Beef is now projected at 24.802 billion pounds, 75 million pounds less than in September. Cow slaughter is expected to be up; however, this will be offset by lower ste...
