The 25th annual All Day Ag Outlook Meeeting is March 4 at the Beef House in Covington, Indiana. Most of our analysts will be there, including Sue Martin of Ag and Investment Services. Along the way we'll get the lowdown on farmland values for 2014; the commodity title of the new farm bill; and of course our great marketing panels on soybeans, corn, and the cash grain trade.
The cost is $30 per ticket and includes a continential breakfast, a Beef House lunch, and 25th Anniversesity WILLAg hat. Register during regular business hours 9 a.m. - 4:30 p.m. central time with your major credit card and guarantee your spots. We'll mail your tickets right away! The phone number to call is (217) 333-7300.
See the full line up on the next page!!!
It's time to have a little fun in the off season! Along with all the winter meetings, you should consider making a trip to John Deere!
FOLLOW THE CORN JOHN DEERE - Follow the Corn is back and this time we're headed to Moline! March 10, 11, & 12 we'll hit the road for a bus trip to see John Deere combines being made in Moline, Illinois and tractors in Waterloo, Iowa. John Deere manufacturing facilities are second to none, and both are scheduled to be running in March. We'll stop by Deere Headquarters and the Pavilion, too. Our first trip was so much fun, we cannot wait to make this one! If you want to come along check out our Follow the Corn John Deere page.
Ag economists from the University of Illinois and SIU plumbed USDA grain and oilseed reports for inconsistency and have a list of recommendations for the agency.
Neal and Eula Freudenburg play a farm couple in the movie 'NEBRASKA'. It wasn't a stretch, because they are in fact a farm couple. Todd Gleason called them at their home Monday morning and talked with them about their lives and the making of the movie. You may listen to the conversation.
The dramatic drop in commodity prices over the last six months, along with the realization that lower farm incomes may be setting in across the Midwest, have many wondering if the price of farmland can remain at historic highs. Todd Gleason has more on the reasons that may be possible from the Center for Farmland Research at the University of Illinois.
The University of Illinois Farm Doc team is on the road this week with the annual Illinois Farm Economic Summits (IFES). Ag Economist Darrel Good kicks off the daily program. He spoke with Todd Gleason about his view of the commodity markets early Friday December 13th. You may listen to that
Average Iowa farmland value is estimated to be $8,716 per acre, an increase of 5.1 percent from 2012, according to results of the Iowa Land Value Survey conducted in November. Values increased in 2013 for the fourth year in a row and achieved historic peaks. The increase is similar to results of other recent Iowa farmland value surveys, including the Federal Reserve Bank of Chicago and the Iowa Chapter of the Realtors Land Institute surveys.
LISTEN to WILLAg's Interview with Iowa State's Mike Duffy
Scott County, with an estimated $12,413 average value for all farmland, saw the highest average county values in the Iowa State survey. Scott County also had the highest percentage increase and highest increase in value, 12.45 percent and $1,374 respectively, of the 99 Iowa counties. The Northwest Crop Reporting District reported the highest land values at $10,960, which was a decrease of $445 (3.9 percent) from 2012. O’Brien County showed the highest dollar decrease in 2013 of $478. Osceola, Dickinson and Lyon counties along with O’Brien County all shared the greatest percentage decrease in 2013, with 3.72 percent.
Commodity prices have dropped dramatically as supply and demand have leveled out. However, cash rents paid to produce crops like corn, soybeans, and wheat are still high. Todd Gleason has more on the potential income prospects for those acres rented at the highest levels.