WILL Agriculture's mission is to distribute regionally, nationally, and internationally information and analysis of commodity markets and agricultural weather.
by Todd E. Gleason
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.
by Todd Gleason
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 conversation using the links on this page.
During the conversation, and on the IFES road show, Good takes up what he and colleague Scott Irwin believe to be the new long term mid-point cash prices for corn and soybeans, $4.60 and $11.00 respectively. If you are interested in seeing Good in person, walk-ins are welcome at the IFES programs this week. These are scheduled for...
* Friday - Double Tree - Bloomington, Illinois
Full details are availabe online. On site registration opens at 7:45am daily. The program follows...
7:45 Registration and Coffee
8:15 Introduction and Overview
8:20 Commodity Price Outlook for 2014 - Darrel Good
8:50 Income, Financial Outlook, and Adjustments in 2014 - Gary Schnitkey
9:20 Farmland Markets: Current Issues, Future Implication - Bruce Sherrick & Todd Kuethe
10:10 The RFS and Crop Markets: Where to from Here? - Scott Irwin
10:40 2013 Farm Policy Update - Nick Paulson & Jonathon Coppess
11:10 Impact of Health Care Reform on Farming Businesses - Marc Lovell
11:40 Question & Answer / Wrap-Up
12:10 Lunch (Included)
ISU Press Release - Ames Iowa
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.
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.