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Saturday, February 13, 2016

Gulke to Farmers: Ignore Muddled Markets, Focus on Inputs | Agweb.com

Gulke to Farmers: Ignore Muddled Markets, Focus on Inputs | Agweb.com: “The market is about as confused as a lot of other people out there,” said Jerry Gulke, president of the Gulke Group in Chicago, speaking with Farm Journal Radio’s Pam Fretwell. “We just don’t have the information yet as to planted acres and how we are going to get off to a good crop. Is it going to be super-dry, (with farmers) planting fencerow to fencerow? Or are we going to have wet weather and get an early frost?”

Land Sale of the Week: $9,400/a in Eastern South Dakota | Agweb.com

Land Sale of the Week: $9,400/a in Eastern South Dakota | Agweb.com: Tuesday saw 160 acres of highly productive farmland in Moody Co., S.D. sell for $9,400 an acre. The farm was located about 8.5 miles east of Trent almost on the Minnesota border. The farm featured 146 acres of tillable cropland and carried a PI of 78.4. The ground was level to gently rolling.

Wisconsin Ag Connection - Fed Survey: Wisconsin Farmland Values Rose Two Percent in 2015

Wisconsin Ag Connection - Fed Survey: Wisconsin Farmland Values Rose Two Percent in 2015: For the second year in a row, Wisconsin outpaced the rest of its neighbors in the growth of farmland property values during the past year. According to the latest survey of agricultural lenders in the Seventh Federal Reserve District, regional farmland values between October through December 2015 were down one percent from the three months previous. For the year as a whole, values dropped three-percent in the district.

Wisconsin ag property increased by two-percent from last year and was two-percent higher compared to the previous quarter. The Badger State's annual increase has been trending at around two-percent for each of the past three years; and was 11-percent higher during 2012. The survey further noted that Illinois, Indiana and Iowa values fell for the year, while Michigan showed growth in the fourth quarter, but was down for the year.

Agrimoney.com | Corn Belt farmland price retreat longest since 1980s

Agrimoney.com | Corn Belt farmland price retreat longest since 1980s: Farmland values in major US agricultural states ended 2015 on a weak note, recording the worst declines on some measures not seen since the 1980s' price slump – and with further losses seen likely, official data showed.

Much watched quarterly reports from the Federal Reserve on land prices showed values in its Chicago region, covering major Corn Belt states such as Illinois, Indiana and Iowa, shedding 3% last year.

Falling farmland prices, higher credit demand in U.S. farm economy | Jamestown Sun

Falling farmland prices, higher credit demand in U.S. farm economy | Jamestown Sun: Demand for bank loans, loan extensions and renewals is surging among U.S. farmers, and farm incomes are forecast to fall for a third year as grain and livestock prices remain stubbornly low, according to a quarterly farm economy report from the Federal Reserve Banks of St. Louis and Kansas City.

Farmland price drop slowing, investment sound: Economist

Farmland price drop slowing, investment sound: Economist: Despite the drop in farmland prices the past two years, land remains a good long-term investment, according to at least one economist.

“Farmland didn’t go up as much as farm income the last few years,” says Bruce Sherrick, professor of land economics and director of the TIAA-CREF Center for Farmland Research at the University of Illinois

Central Corn Belt Farmland Values Down 3% in 2015 | Agweb.com

Central Corn Belt Farmland Values Down 3% in 2015 | Agweb.com: The value of "good" agricultural farmland across the central Corn Belt declined 3% in 2015, according to the Federal Reserve Bank of Chicago. The bank's quarterly survey found farmland values slipped 1% lower during the fourth quarter compared to the previous quarter.

Leading the decline is Iowa, which is down 5% on an annual basis and down 3% on a quarterly basis. Illinois and Indiana report an annual decline of 4% with Illinois down 1% on a quarterly basis and Indiana down 2% on a quarterly basis. Michigan is down 2% on an annual basis but up 1% on a quarterly basis while Wisconsin is up up 2% on an annual basis and 2% on a quarterly basis.