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Tuesday, March 15, 2016

Most Farmland Markets Remain Steady | KTIC Radio

Most Farmland Markets Remain Steady | KTIC Radio: Despite serious erosion in farm incomes since 2013, farmland markets across the Corn Belt held amazingly steady this winter.

�Peak Soil Index sales data through February 2016 shows six states it monitors below all-time records set in the last few years. But select counties in Wisconsin are averaging $4,361 per acre, only 2% below their high of a year ago; irrigated Nebraska farmland ran $7,055, about 4% below its 2015 peak; Minnesota crop counties averaged $5,641, off 8% from their 2014 peak; Illinois averaged $7,591, off 8% from its 2104 peak; and Indiana at $6,782 per acre recorded the steepest tumble, off 14% from its peak a year earlier.
Such adjustments so far seem modest, even miniscule, compared to the collapse in commodity prices the past three years.

Precision Agriculture Gets More Precise as Farmers Edge and The Weather Company, an IBM Business, Leverage Micro-Weather Data for Predictive Modeling in the Field | Business Wire

Precision Agriculture Gets More Precise as Farmers Edge and The Weather Company, an IBM Business, Leverage Micro-Weather Data for Predictive Modeling in the Field | Business Wire: Farmers Edge™, a global leader in precision agriculture and independent data management solutions, today announced a collaboration with The Weather Company, an IBM Business (NYSE: IBM), the world's largest private weather enterprise. Under the terms of the deal, Farmers Edge has integrated hyper-local forecasts from Weather’s superior Forecasts on Demand (FoD) weather forecasting engine into its field-centric approach to predictive modeling. This enhancement of real-time meteorological data analytics is another step towards the digitization of agriculture, an industry in the midst of a radical transformation.

‘View agriculture as an investment vehicle’ | IOL

‘View agriculture as an investment vehicle’ | IOL: Standard Bank on Tuesday urged South Africa’s farmers to view agriculture as a long-term investment vehicle despite the ongoing drought that was crippling the industry.

The bank’s head of Agribusiness SA, Nico Groenewald, in a statement said although agriculture had always been the backbone of most rural economies, it can become a social and financial investment vehicle capable of driving positive change at national and regional levels.

India's agriculture sector has potential to grow 5% per annum: Expert | Latest News & Updates at Daily News & Analysis

India's agriculture sector has potential to grow 5% per annum: Expert | Latest News & Updates at Daily News & Analysis: Indian agriculture has the potential to grow at 5% per annum, while the present growth rate varied from 3.6% to 4% per annum, noted agriculturist Ashok Gulati said on Monday.

Will Spring Come Early in ’16 and Bring a Hot, Dry Summer? | Agweb.com

Will Spring Come Early in ’16 and Bring a Hot, Dry Summer? | Agweb.com: With mild weather bringing wheat out of dormancy and making farmers eager to get in the fields, does it mean that spring is on its way?

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Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Grain markets are lower on “turn around Tuesday”. While crude oil and the US Dollar continue on their path from Monday.

Technicals inspire buying in grains as fundamental news remains stale. Corn futures have been supported by short covering during the previous sessions and running into some farmer selling of cash grain at the 3.70 level in the May contract. Soybean futures have been faced with a slowdown in exports due to competition from South America. Spreaders buying soyoil and selling soymeal is also weighing on soybean futures.

Allendale’s Annual Planted Acreage Survey results will be released tomorrow at 7:30 am.