A report just issued by Farmers National Company suggests that farmers and ranchers – the folks buying much of the available farmland and pasture the past few years – are backing off aggressive bidding.
Farm and ranch profits are down and lenders are being more careful in what they will lend on land purchases. Furthermore, investor interest in farm and ranch land declined as land values moved higher during the last four to five years and the return on investment slipped. But individual and fund investors are moving back into the land market as land prices soften.
Buyers are paying more for land, when return on investment is figured.
Personal transactions should be kept separate from farm transactions.
Brazil's livestock industry sees corn shortage as a crisis
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Corn and soybean futures rose modestly in trading Friday as rainfall threatens to slow planting.
Corn and soybean export sales fell last week, the USDA said.
After Brazilian farmers watched a drought drop 2015/16 soybean yields, the second corn harvest (safrinha), faces big yield losses due to adverse weather.