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Monday, January 18, 2016

Thousands of farms up for sale | Land & Agriculture | BDlive

Thousands of farms up for sale | Land & Agriculture | BDlive: HOUSANDS of farms have been put up for sale in water-stressed provinces, but it is unclear whether the country’s worst drought in 20 years is behind this.

A cursory search through Private Property, one of SA’s largest online property listing platforms, shows large numbers of farms for sale. Some are being auctioned, while others have been repossessed by banks.

As of last Thursday, Private Property had 5,000 listings for farms in Gauteng; 3,485 in the Western Cape; 2,207 in the North West; and 1,955 in Limpopo.

Last year, parts of the North West and Limpopo were declared disaster areas because of a drought described as the worst in 20 years. KwaZulu-Natal, Mpumalanga and the Free State have also been declared drought disaster areas.

Farmland values drop as uncertainty over EU membership bites - Farmers Weekly

Farmland values drop as uncertainty over EU membership bites - Farmers Weekly: The average value of bare agricultural land in England fell 1.7% in the last quarter of 2015, compared with the previous quarter, from �8,306/acre to �8,165/acre, according to Knight Frank’s Farmland Index.

North Dakota farmers becoming choosier with land purchases - News - KFGO The Mighty 790AM - Fargo Moorhead, ND

North Dakota farmers becoming choosier with land purchases - News - KFGO The Mighty 790AM - Fargo Moorhead, ND: Real estate officials say farmers are becoming pickier when it comes to buying land in North Dakota.

An area sales manager for Farmers National Company in Garretson, South Dakota, says that more farmers are only buying high-quality, high-producing land.

Alan Butts with Pifer's Auction and Realty says high-quality farmland remains in demand and the land market is still relatively strong in North Dakota. But he says lesser-quality farmland can be more difficult to sell and sales prices for pastureland have greatly reduced.

Infographic of Germany's hyperinflation - Business Insider

Infographic of Germany's hyperinflation - Business Insider

Farm boom fizzles as U.S. crop surplus expands financial strain - Claremore Daily Progress: Don't Miss This

Farm boom fizzles as U.S. crop surplus expands financial strain - Claremore Daily Progress: Don't Miss This: The American farm boom is all but over.
Farmland values are down from all-time highs. Global surpluses left corn and soybean prices below the cost of production. And the amount of agricultural debt relative to income ballooned to the highest in three decades, just as the Federal Reserve has begun raising interest rates for the first time since 2006.
While many growers remain profitable, the global commodity slump is increasing pressure on a Midwest economy that was largely shielded from the worst of the financial crisis by high crop prices and land values. Last year, farm income was the lowest since 2002. This year's agriculture-trade surplus in the U.S. -- the world's top exporter -- will be the smallest in a decade. At the same time, sales are dropping for the likes of tractor-maker Deere & Co. and seed supplier Monsanto Co.

Rollover money was strong influence in 2015 South West farmland market - Farmers Weekly

Rollover money was strong influence in 2015 South West farmland market - Farmers Weekly: Agents selling farmland across south-west England say�2016 will be a challenging year with�uncertainty around EU membership making buyers more cautious, although they expect demand and prices to hold firm. The past 12 months have seen a large range of land values, caused in part by location, but also influenced by buyers with rollover funds and investors,