USDA’s annual crop land values and farm rents survey was released last week; crop land values in 2023 average $5,460 per acre. Farm real estate value was $4,080 per acre - farm real estate includes all buildings (including homes) and other assets (bins, etc.) on a farm. Crop land was up 8.1 percent over last year and real estate value was up 7.1 percent. Crop land values stayed remarkably flat from 2014 – the end of the last period of significant increases – through 2020.
Average crop land values in the Midwest are at historic highs as crop prices are being capitalized into the land values, along with inflationary pressure over the past two years. Kansas, Indiana, and Nebraska all saw the largest percent increase...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
