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Friday, February 19, 2016

Trouble On The Farm Prompts Deere To Slash Outlook - Forbes

Trouble On The Farm Prompts Deere To Slash Outlook - Forbes: All is not well�on American farms.

John Deere DE -4.15% slashed its outlook for the year on Friday,�as it continues to grapple with a�U.S.�farming downturn that has translated�into weaker�demand for its equipment.

For 2016, the company expects�sales to fall about 10%, versus previous estimates of a 7% decline.�Earnings are expected to come in at�$1.3 billion, instead of $1.4 billion.

Small farms on the decline | Local | journalstar.com

Small farms on the decline | Local | journalstar.com: The number of farms and ranches in Nebraska declined by 400 during 2015 to 48,700, according to an annual report by the USDA’s National Agricultural Statistics Service released Thursday.

Total Nebraska farm and ranch land totaled 45.2 million acres, unchanged from 2014. The average size of operation, at 928 acres, was up 7 acres from a year earlier.

More U.S. Farms Close Up Shop As The Remaining Ones Grow Larger | KUNC

More U.S. Farms Close Up Shop As The Remaining Ones Grow Larger | KUNC: The number of farms and ranches in the U.S. is on the decline and the farms that remain are getting bigger, according to new data from the U.S. Department of Agriculture.

The U.S. has lost nearly 120,000 farms since 2008, and 18,000 last year alone, according to the U.S. Department of Agriculture. The average farm size in the U.S. increased 5 percent over those 7 years, to an average size of 441 acres in 2015.

Agrimoney.com | US farmland prices extend decline - but at slower pace

Agrimoney.com | US farmland prices extend decline - but at slower pace: US farmland prices have extended a retreat which began in late 2013 – but at a slightly slower pace, chiming with signs that the retreat in crop values has at least found a bottom.

A farmland price index compiled by Creighton University for main agricultural states, from North Dakota to Kansas, came in at 29.8 for February, coming in for a 27th successive month below the 50 level which indicates a neutral market.

Rural Bankers Temper Bearish Outlook on Farmland - News | Agweb.com

Rural Bankers Temper Bearish Outlook on Farmland - News | Agweb.com: Possibly because they could not get any more bearish, the latest reading of rural banker attitudes toward farmland prices finds a slight improvement. The February Rural Mainstreet Index conducted by Creighton University's Dr. Ernie Goss, Omaha, Neb., finds the farmland index rising nearly six percentage points, or 25%, to 29.8. This leaves the index well below 50, which is considered growth neutral, but it is an improvement.

Cuba, U.S. rebuild trade relationship with tractors, travel | Cattle Network

Cuba, U.S. rebuild trade relationship with tractors, travel | Cattle Network: A little over a year after President Barack Obama announced plans to normalize relations with the island nation just 90 miles from Florida, the U.S. Treasury has approved the construction of the first U.S.-owned factory in Cuba in more than 50 years.

The best part? It’s a tractor factory, run by two retired software engineers who live in Alabama and want to manufacture small farm machinery for Cuba’s family farmers.

When Farmland Auctions Ignore Price Trends - Crops - News | Agweb.com

When Farmland Auctions Ignore Price Trends - Crops - News | Agweb.com: The headlines have been consistent – farmland values have been trending downward for several years.

“Lower grain and livestock prices are a major factor in the current measured decline in land values,” according to Randy Dickhut, vice president of real estate operations for Farmers National Company. “As net farm income continues to fall from the 2013 peak, we expect to see this trend in many agricultural regions of the country.”

Dickhut predicts price stabilization in 2016, due in part to lower-than normal supply of farmland for sale. And values remain higher than they were 5 to 7 years ago, and should continue to be a positive long-term investment, he says.

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets are slightly lower as are other commodities. Profit taking attitude circulates amongst traders ahead of the weekend.

March corn futures fell below the 20 day and 50 day moving averages on Thursday. After 3 days of trading, the March futures contract is up 6 � cents. Traders will be looking to outside markets for guidance as fundamental news remains benign. Soybean traders will be watching weather at major Brazilian ports as loading delays could mean switching of shipments. But no news of that as of yet.