Published May 3
Traditional agriculture and farming techniques have not been able to keep up with the growing consumer demand for healthy food nationally and globally. Driven by:Population growth and urbanization decreasing available arable land dedicated to agriculture Rising supply chain and energy costs Growing environmental concern about the use of pesticides for crop productionInsufficient water availability for crop production Limited growing seasons based on the traditional agriculture one-cycle production process Harsh and severe weather Political turmoil affecting agricultural trade Market fluctuations in agriculture prices and costs Market shocks from COVID 19 National and global demand for food, specifically healthy sustainably produced food will outpace supply. Short of innovation and technological advances to offset demand, the impact of increasing demand for healthy food places significant pressure on the Agricultural Industry to find viable solutions. Securing a sufficient supply of quality, sustainably produced food is just one side of the coin—U. S...
Categories: Ag Commentary, Agribusiness, Sustainable Agriculture
Published Apr 15
Farmland prices have increased for the first time since 2013, driven by by strong commodity prices and low interest rates. Surveys suggest the outlook is very bright Summary High quality Iowa farmland now exceeds $10,000 per acre, up by 7. 5% over the past six months. Chicago Fed's AgLetter covering farmland outlook is the rosiest in years Farmer optimism is driven by higher commodity prices and low interest rates. Iowa Farmland Survey Strengthened Iowa farmland prices increased approximately 8% over the past six months through March 2021, as measured by the Iowa Chapter of the Realtors Land Institute (“RLI Iowa”) March survey...
Categories: Ag Commentary, Corn, Farmland and Real Estate
By Mary Herring
Published Feb 9
The skill of an independent appraiser is to formulate an unbiased value based upon a thorough understanding of the farm equipment market, while using real data from multiple data sources — “guesstimating” it is not. There’s more to farm equipment appraising than meets the eye. We talked to several experienced appraisers to get their take on the current market for used agricultural equipment in this unusual environment. Brian McGahey of Ringling, Oklahoma, has been an independent appraiser for the past 18 years and said he uses several data sets when figuring farm equipment valuations. Read the full article here:https://ironsolutions...
Categories: Ag Commentary, Agribusiness, News
