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: 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...
