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Wednesday, October 28, 2015

Mississippi Delta Farmland For Sale


If you are a farmer wanting to expand operations or an individual or institutional investor, contact us if you want to buy Mississippi Delta farmland for the 2016 crop season. There are some good small and large tracts on the market and others will be on the market after the holidays. Robert W. Neill, Jr, Real Estate Broker, 662-237-6969 (Landline) 601-519-0075 (Text or Talk) 504-613-0025 (Text or Talk) 

Chicago Agriculture Commodities Finished Lower Across The Board | Live Trading News

Chicago Agriculture Commodities Finished Lower Across The Board | Live Trading News: Chicago Agriculture Commodities Finished Lower Across The Board

$CORN, $WEAT, $SOYB

Chicago Board of Trade(CBOT) Corn, Wheat and Soybean futures closed lower across the board Wednesday as the USD regained its stength weighing on the USD-denominated agriculture commodities, and the weather in the Midwest improved.

The most active Corn contract for Dec delivery shed 4 cents, or 1.05%, to close at 3.76 bu.

Dec Wheat delivery lost 3.25 cents, or 0.64%, to close at 5.06 bu.

January Soybean dropped 8.25 cents, or 0.93%, to close at 8.8275 bu.

The USD showed weakness in morning trading Wednesday on expectations that the Fed in its policy statement will sent some signals indicating the US central bank is not likely to raise interest rates this year. However, the Buck started running after the announcement showed the Fed kept the door open for a rate hike at its December meeting.

Generally, increasing interest rates would send the USD North.

Fed holds interest rate steady, but hints a hike could come in December - LA Times

Fed holds interest rate steady, but hints a hike could come in December - LA Times: Federal Reserve policymakers kept a key interest rate at a�historically low level Wednesday amid concerns that slowing global growth was hurting the U.S. economy, but they kept open the possibility of raising the rate in December.

In a 9-1 vote after a two-day meeting, the central bank's monetary policy committee left the so-called federal funds rate at near zero, where it has been since late 2008.

Palm Beach Luxury Auction | Sheldon Good & Co.

Palm Beach Luxury Auction | Sheldon Good & Co.: A Georgian-style mansion in Palm Beach’s estate section is set to be auctioned off on November 11.
The home, first built in 1932, is three lots away from the ocean at 201 Banyan Road. It measures roughly 8,000 square feet, and according to its auction listing, was completely restored with details like a Rosso Verona marble door surround and hand painted Italian frescoes.
The sale is being handled by Sheldon Good & Co., a major real estate auction company based in New York.

Brief: DiversyFund Seeks to Drive California Real Estate Investment Market Through Crowdfunding -�Crowdfund Insider

Brief: DiversyFund Seeks to Drive California Real Estate Investment Market Through Crowdfunding -�Crowdfund Insider: The burgeoning California real estate market has given rise to a variety of investment opportunities for both borrowers and investors. Seeking to lead the described “explosive” market is DiversyFund, a�web-based crowdfunding platform in San Diego.

Progressive dinner showcases heart of French Quarter | NOLA.com

Progressive dinner showcases heart of French Quarter | NOLA.com: Gayle and Tom Benson, Saints owner and honorary chairs, invite you to attend French Quarter Citizens 2015 Fundraiser for the Heart of the French Quarter.

The Nov. 6 Progressive Dining Experience is truly for the "heart" of the Vieux Carre, which is in danger of loosing its soul. People often forget that the Vieux Carre is a real live neighborhood, not a Disneyland theme park, but a place we call home.

Purdue: How To Compute Crop Breakeven Prices.

Purdue: How To Compute Crop Breakeven Prices.: Enterprise budgets provide an estimate of potential revenue, expenses, and earnings or losses for a specific enterprise. Enterprise budgets are often one of the building blocks to creating a whole-farm plan. They are also extremely useful in computing breakeven prices. This article uses a cash crop farm in Indiana to illustrate the components of an enterprise budget and to compute breakeven prices for corn and soybeans. The format of the enterprise budget presented below closely follows that of the Purdue Crop Cost and Return Guide (here). The Illinois crop budgets (here) use similar cost items, but are laid out differently. Both budgets use all costs, thus breakeven prices could be computed using either budget layout.

Most enterprise budgets use economic costs rather than cash costs. This means that, in addition to cash costs and depreciation, opportunity costs are included. An opportunity cost represents the income that could have been earned if an input was sold or rented to someone else. Opportunity costs for unpaid family and operator labor, owned machinery, and owned land need to be included in an enterprise budget. Because opportunity costs are included in an enterprise budget, the bottom line figure (i.e., earnings or losses) represents an economic profit or loss. Over a long period of time, due to the fact that all inputs (cash items, depreciation, and opportunity costs) are being paid the market rate, economic profit is zero. If economic profit is positive, input prices will be bid up, similar to what happened to cash rents during the last decade, and economic profit will migrate towards zero. Conversely, if economic profit is negative, input prices will decline, and economic profit will head towards zero or breakeven.

Farmer Balance Sheets Given Farmland Price Decreases

Farmer Balance Sheets Given Farmland Price Decreases: In the 1980s, farmland price decreases contributing to farm financial stress. Today, some concern exists that farmland price decreases could cause financial stress in the next several years. While large price decreases would cause large net worth reductions, it is unlikely that farmland price decreases in and of themselves will lead to solvency problems on most farms. However, continuing negative cash flows from operations could lead to financial difficulties. A balance sheet of a typical grain farmer in Illinois is used to illustrate impacts of farmland price decreases and continuing losses from operations.

Downtown Memphis taking on glow for first Race for the Cure

Downtown Memphis taking on glow for first Race for the Cure: Elaine Hare had a personal mandate from her own soul last year.

She could keep the Susan G. Komen Race for the Cure in the suburbs and work at drawing more people, or she could head Downtown and hope a city that bleeds blue has a heart for pink too.

Search for Missing Plane Continues in Mississippi Sound - ABC News

Search for Missing Plane Continues in Mississippi Sound - ABC News: The Coast Guard says the search continues Wednesday for three men aboard a single-engine plane that went missing in the Mississippi Sound shortly after takeoff from Gulfport.

The plane went missing Monday afternoon. Debris, including a piece with part of the plane's registration number, was found Tuesday.

Bob Roy, president of Georgia-based contractor RMR Mechanical, tells The Sun Herald (http://bit.ly/1P4osdr) that two of the three onboard work for the company: manager Dexter Brewer and vice president and co-owner Gerald Miletello.

$800,000 Homes in Dallas, South Dakota and Mississippi - The New York Times

$800,000 Homes in Dallas, South Dakota and Mississippi - The New York Times: LONG BEACH, MISS.

WHAT:�A riverfront contemporary with four bedrooms and four bathrooms

HOW MUCH:�$795,000

SIZE:�3,885 square feet

PRICE PER SQUARE FOOT:�$205

SETTING:�Long Beach is a resort town on the Gulf of Mexico, about 15 miles from Biloxi, Miss., and 70 miles from New Orleans. This house, described as a “country lodge,” is on 21.5 wooded acres along the Wolf River, a few miles inland from the Gulf. It’s one of nine properties along a private road, all at least 15 acres.

Budget deal would relieve pressure on affordable housing in New Orleans, elsewhere | NOLA.com

Budget deal would relieve pressure on affordable housing in New Orleans, elsewhere | NOLA.com: A surprise bi-partisan budget proposal announced late Monday could save a housing program New Orleans has used�to attract hundreds of millions in investment to the city.

The deal, which was negotiated by outgoing House Speaker John Boehner and the White House in secret, would lift spending caps by $80 million over the next two years. A House vote could come as early as Wednesday (Oct. 28), according to The Washington Post. If the deal passes, it could take the $900 million HOME Investment Partnership program off the chopping block.

USDA Issues First Farm Safety Net Payments

USDA Issues First Fa... | Policy News | Agriculture: Farm program checks totaling nearly $4 billion could start arriving as early as Tuesday in farmers' bank accounts across the country, providing a much needed boost while many commodity prices are falling. However, many of those who signed up for the new farm bill programs will find themselves empty-handed in this first round of payments.
The U.S. Department of Agriculture (USDA) announced today that nearly one half of the 1.7 million farms that signed up for either the Agriculture Risk Coverage (ARC) or Price Loss Coverage (PLC) programs will receive safety-net payments for the 2014 crop year.
"Unlike the old direct payments program, which paid farmers in good years and bad, the 2014 Farm Bill authorized a new safety net that protects producers only when market forces or adverse weather cause unexpected drops in crop prices or revenues," Agriculture Secretary Tom Vilsack said in a release.

Brazil vs. U.S.: Who wins the low price battle?

Brazil vs. U.S.: Who wins the low price battle?: Have your planter ready? The Brazilians do. Many of them started planting soybeans by mid-September, a time of year that promises decent rainfall in the Southern Hemisphere. This fall it's a promise overshadowed by something most North American farmers will face just six months from now: crop budget sticker shock.

Until recently Brazilian farmers were protected from the worst effects of the worldwide downturn in commodity prices. Sure, they made less money producing commodities, but the U.S. dollar's second wind (or the Brazilian real's listlessness) cushioned what was a harder blow for U.S. farmers.