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Thursday, February 18, 2016

Farmland auctions in Illinois, Ohio draw big crowds, solid prices, investor... -- COLUMBIA CITY, Ind., Feb. 18, 2016 /PRNewswire/ --

Farmland auctions in Illinois, Ohio draw big crowds, solid prices, investor... -- COLUMBIA CITY, Ind., Feb. 18, 2016 /PRNewswire/ --: Three farmland auctions in two days – two in Illinois and one in Ohio – achieved results that may point to continued demand as spring planting approaches. All three were conducted by Schrader Real Estate and Auction Company.

In Shelby County, Illinois, on Feb. 16, Schrader's auction of 241 acres resulted a sale for $2.8 million, or $11,574 per acre, with an investor emerging as the successful bidder for the three tracts. Later the same day, another capacity crowd turned out in Bureau County for the auction of 271 acres. That land, offered in four tracts, went to three different buyers for a total of $2.695 million, with an investor purchasing 157 acres for $1.7 million, or $10,786 per acre.

On Feb. 17, a smaller auction of 77 acres in Henry County, Ohio, resulted in the sale to an investor for $645,000, or $8,370 per acre.

Chicago Fed breaks down farmland values

Chicago Fed breaks down farmland values: Farmland values in the Seventh Federal Reserve District experienced an annual decrease of 3 percent for 2015, matching the yearly decline for 2014 and marking the first consecutive annual decline since the 1980s.

In addition, the final quarter of 2015 was the sixth straight quarter without the district as a whole seeing a year-over-year increase in agricultural land values.

The district, which includes Illinois, Indiana, Iowa, Michigan and Wisconsin, saw farmland values decrease 1 percent in the fourth quarter of 2015 relative to the third quarter.

When adjusted for inflation, the district’s decrease in farmland values for 2015 was actually smaller than the one for 2014.

Forest Trends | Building Carbon in America’s Farms, Forests, and Grasslands: Foundations for a Policy Roadmap

Forest Trends | Building Carbon in America’s Farms, Forests, and Grasslands: Foundations for a Policy Roadmap: Forest Trends and the Nicholas Institute at Duke University have authored a new report, "Building Carbon in America’s Farms, Forests, and Grasslands: Foundations for a Policy Roadmap." This innovative assessment offers new analysis to support a long-term roadmap for enhancing the U.S. land carbon sink, ensuring healthy and productive landscapes contribute to greenhouse gas reduction goals. The report is the first deliverable of the Land Carbon Policy Roadmap (LCPR) Initiative.

Cutting costs on your dairy farm - Farm and Dairy

Cutting costs on your dairy farm - Farm and Dairy: For the country’s dairy farmers, there doesn’t appear to be anything “sweet” to anticipate in ’16. On the contrary, slimming down production costs is essential.

With a four-year average total cost of production of $19.66 — which is already adjusted for bull calf and cull cow income — there is a yawning chasm between production costs and milk income per cwt.

Eastbourne downland farms to be sold - Eastbourne Herald

Eastbourne downland farms to be sold - Eastbourne Herald: Four downland farms in Eastbourne are to be sold by the council in a bid to boost cash reserves.

Black Robin Farm, Bullock Down Farm, Cornish Farm and Chalk Farm will be sold in a deal which could bring millions of pounds in to council coffers which could in turn pay for new projects in the town such as the redevelopment of the Devonshire Park complex and reinvesting in the downland.

Hawaiian Electric terminates plans for SunEdison's 3 Hawaii solar farms - St. Louis Business Journal

Hawaiian Electric terminates plans for SunEdison's 3 Hawaii solar farms - St. Louis Business Journal: Hawaiian Electric Co. has canceled SunEdison Inc.’s power purchase agreements for three proposed Hawaii solar energy farms after the Missouri-based solar giant missed several financing deadlines, SunEdison’s Hawaii executives confirmed to PBN.

From Farm To Table: Glenpool Farmer Offers 'Ultimate In Freshnes - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |

From Farm To Table: Glenpool Farmer Offers 'Ultimate In Freshnes - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |: Locally-grown produce delivered straight to your door, the same day it’s harvested, that's the mission of a new farmer in Glenpool.
The owner of Sage Farms said it’s the ultimate in freshness, and he said for just being in business six months, business is good.

OECD Cuts Global Growth Forecast and Warns of Growing Risks - Yahoo Finance

OECD Cuts Global Growth Forecast and Warns of Growing Risks - Yahoo Finance: he OECD cut its global growth forecasts, saying the economies of Brazil, Germany and the U.S. are slowing and warning that some emerging markets are at risk of exchange-rate volatility.

South American Corn, Soybeans Getting More Competitive with U.S. | Agweb.com

South American Corn, Soybeans Getting More Competitive with U.S. | Agweb.com: This year’s huge soybean crops in Brazil and Argentina will compete heavily for international market share due to weaker South American currencies, good weather, a growing infrastructure, and historically low freight rates. And China will continue to be a voracious buyer of soybeans in 2016.

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets are slightly lower while outside markets settle down after a volatile start to the week. Stock indices and crude oil are higher on follow through buying.

Fundamental news remains a headwind to price rallies: the Argentine crop continues to get larger, Dollar strength stalls, US exports and US farmers own large volume of grain. The bearish news is old news, traders are waiting for any new factors to trade on. Time will tell if the US growing season weather will be that catalyst.

Technical buying provides support in March corn as the 50 day moving average was taken out late in the session yesterday. Traders are now looking for a retest of the upper trading range at the 3.74 level. Soybean oil gets credit for the strength in soybeans as nearby March soyoil closes at the highest level since December 4. The March wheat has resistance on the charts at 4.70 and then at 4.74 � (50 day moving average).