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Soybean prices have moved sharply higher over the past two weeks, even with prospects of record South American production and mounting world surpluses. The market is clearly looking beyond the current situation of burdensome supplies.
Higher grain prices will eventually reverberate though other agricultural markets, including the market for land. Surveys of farmland values have shown considerable strength, and most of the factors causing it are impacting the rental market as well.
Midwest agriculture is in the midst of a rapid shift from primarily a food producer to being a major source of energy as well. Exceptionally high world crude oil prices in the last three years have brought huge investments in ethanol plants throughout the
Corn prices have stagnated as the market has digested all the widely
publicized bullish news.
The Gilbert family has been ranching near Buffalo, South Dakota, longer than the town has been in existence. Ray Gilbert's great-grandfather, Parker, was one of the first homesteaders in Harding County, the northwesternmost county in the state. And it was
Some 2007 corn acreage estimates are exceeding the high end of trade guesses.
With an increase in the use of biodiesel fuels, operators should be aware of tips for engine performance and storage safety, particularly in winter, says a University of Missouri agricultural systems management professor.
While best suited for hay or silage, oats can also provide high-quality pasture in April and May, until other grazing sites are available. When properly stored, oats can also provide high-quality hay for next fall and winter.
High corn prices and increasing real estate taxes have prompted many landowners to increase cash rents by double digit figures. As a result, some owners and operators have gone to flexible lease arrangements. Under this type of arrangement, the final cash
Before growers make the decision to plant acres and acres of continuous corn, they should consider that soybean demand is expected to increase next year too. Though the increase in soybean demand will not be as great as in corn, market opportunities certai