World Perspectives

Why Aren’t Farmland Values Dropping?

Farmland values are proving to be very stubborn given the state of farm commodity prices. Cropland values have increased $50/acre in 2019, up 1.2 percent from last year. Overall farm real estate, consisting of both land and buildings, is $60/acre or 1.9 percent higher at $3,160/acre. The plateau in land values over the past five years also came as the federal funds rate grew from 2015 through 2018 and drove ag mortgage rates up. That could be expected to add further pressure on land prices. Thus, there apparently are other factors at work. One obvious contributor is crop insurance, which can support land values by maintaining the rate of return on covered acres. A second factor is farm program payments. While the total for 2019 is not ye...

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Dec 25 Corn closed at $4.37/bushel, up $0.035 from yesterday's close.  Sep 25 Wheat closed at $5.5675/bushel, down $0.0725 from yesterday's close.  Nov 25 Soybeans closed at $10.4925/bushel, up $0.0125 from yesterday's close.  Dec 25 Soymeal closed at $292.2/short ton, up $1.4 fr...

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From WPI Consulting

Accountability and a comprehensive approach to export programming

WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.

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