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Tuesday, April 19, 2016

China-led consortium in vast Australia farmland deal - FT.com

China-led consortium in vast Australia farmland deal - FT.com: A Chinese-led consortium has agreed to buy a historic Australian company that owns more than 1 per cent of the country’s vast landmass just months after Canberra blocked a similar deal led by the same prospective purchaser.
Shanghai Pengxin Group has brought in Australian investors since the previous deal was blocked, but S Kidman & Co’s decision to sell most of its holdings to the consortium creates a political problem for Scott Morrison, Australia’s treasurer, who last week tried to delay approving Kidman’s sale beyond a general election on July 2.

Farms profits down but rents rise (From Herald Scotland)

Farms profits down but rents rise (From Herald Scotland): The cost of renting farms in Scotland continues to rise at a time when farm profitability is falling, leaving more than half of tenant farmers working for less than the minimum wage, it is claimed.

The average cost of renting agricultural land has risen three per cent since last year, new figures from Scotland's Chief Statistician show.

Herdfunding: how the internet is raising money for farms | Guardian Sustainable Business | The Guardian

Herdfunding: how the internet is raising money for farms | Guardian Sustainable Business | The Guardian: Raiding their savings accounts, they leased a 12-acre parcel of land, installed fencing and purchased chickens, sheep, goats, pigs and turkeys. The couple began raising turkey breeds that were too heavy to fly, but demand grew for heritage turkeys which are flightly, and the birds started escaping from their portable electric fencing into other farmers’ vegetables fields.

Africa Must Invest in Agriculture - allAfrica.com

Africa Must Invest in Agriculture - allAfrica.com: The only way Africa can deliver tangible results in agriculture is to mobilise its own human and financial resources and invest more in the sector.

This was said by the African Union (AU) Commissioner for Rural Economy and Agriculture, Tumussine Peace, at the12th meeting of the Comprehensive Africa Agriculture Development Partnership (CAADP) held in Accra, Ghana last week.

Marathwada's drought: How climate change has destroyed agriculture and ruined farmers - Firstpost

Marathwada's drought: How climate change has destroyed agriculture and ruined farmers - Firstpost: A series on Marathwada’s battle with three consecutive years of drought is incomplete without understanding the impact of climate change. The rise in the country’s annual temperature by 0.7 �C and erratic climatic patterns are sure to affect the region’s agriculture which is primarily rainfed with 12 percent area under irrigation.

Global Real Estate Boom Is Coming to an End, U.K.’s Grosvenor Warns - WSJ

Global Real Estate Boom Is Coming to an End, U.K.’s Grosvenor Warns - WSJ: A major U.K. landlord warned�Tuesday�that the boom in global real estate is coming to an end.

London-based Grosvenor Group, which manages investments on behalf of the Duke of Westminster, said in its annual report that years of rising property values could be set to reverse.

Wake Up Call Allendale Advisory Center

Wake Up Call Allendale Advisory Center: Good Morning! Paul Georgy with the early morning commentary for April 19, 2016.

Grain markets are mixed with corn and soybeans higher, wheat lower. US Dollar is slightly lower. Crude oil is regaining Monday’s losses due to an oil worker strike in Kuwait.

Are We in For a Big Acreage Shift?�Join us in our next webinar, April 26 at 8:00 PM CDT. �Register. Allendale's Rich Nelson will share the latest thoughts on US corn and soybean acreage, including how recent price swings could impact the final planting numbers, and how the market could react to acreage changes.

The USDA says 13% of the US corn crop is planted vs. 8% average. Based on the estimates of March 31 the farmers planted approximately 8.7 million acres last week leaving 79.1 million to plant. USDA will likely release soybean planting numbers next week.