Demographics

Top 100 Ag Banks

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July 21st, 2014

The American Bankers Association (ABA) posts a quarterly report of the 100 largest Ag Banks (Non-Farm Credit).  In the first quarter report for this year, the #1 bank for Ag loans was Wells Fargo with $7.229 billion of farmland ($2.231 billion and $4.998 billion of other ag loans).  #2 was Rabobank with $3.957 billion followed […]

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Rural Mainstreet Index Continues to Weaken

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July 18th, 2014

Creighton University prepares a Rural Mainstreet Index that measures the economic outlook for the agricultural/rural sector of the economy.  An index reading of 50 indicates growth neutral.  The index for June 2013 was at 60.5 and for June of this year, it has dropped to 53.6, almost growth neutral.  The index is composed of a […]

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Trends in Irrigated Ground

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July 1st, 2014

I have seen numerous farmers with farm ground in normally non-irrigated areas of the corn belt put in irrigation over the last couple of years.  Based on this, I thought I would recap the trends shown in irrigated ground from the 2012 AG census In 1997, there were 15 states that had more than a […]

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Corn Acres Trends

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June 11th, 2014

In reviewing the 2012 AG census data for corn acres, it is very interesting some of the trends that jump out at us.  In 1997, the US grew corn on about 71 million acres.  By 2002 the acres had dropped to 68 million acres, but beginning thereafter with ethanol, acres jumped to 86 million in […]

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Where are the Large Farms?

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June 10th, 2014

As we have previously mentioned, the 2012 US AG Census was just released and there are many interesting facts contained in the census.  One area that I will highlight today is the trends regarding large farms.  These farms contain more than 2,000 acres.  As can be expected Texas has the most large farms with 10,810.  […]

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Corn Belt and Cash Rents Cropland Values Level Off

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June 4th, 2014

The Chicago Federal Reserve releases a quarterly update on cropland values and cash rents for their district which comprises the three main “I” states in the corn belt (Iowa, Illinois and Indiana) and although good Iowa farm land was up 1% for the quarter, good farmland in Illinois and Indiana dropped 4% in the latest […]

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Kansas Land Values-Analysis of Four Year Trends

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June 1st, 2014

Kansas State University has a great resource for farmers and others interested in farming, not just in that state.  On Friday, Dr. Mykel Taylor presented a webinar on the trends in Kansas Farm Values over the last four years.  The Kansas Agricultural Statistics Service (KAS) reports annual farmland prices, but only on a statewide basis.  As most […]

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State Estate Tax – 2014 Update

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May 26th, 2014

Many states have either completely repealed their state estate tax or they have an estate tax that is tied to the old federal state estate tax credit.  Since the federal law changed many years back to repeal the state tax credit, all of those states that relied upon receiving the state tax credit amount really […]

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The Long-Term Trend in Hog Numbers

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May 22nd, 2014

We recently reviewed the trend in cattle numbers based on the 2012 census.  Those numbers show a decrease in cattle numbers and we had assumed that hog numbers would actually show a small increase in numbers due to the recent profitability numbers for hogs.  However, since the last census was in 2007 which was before […]

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2012 Cattle Inventory

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May 15th, 2014

Most everyone knows that the cattle inventory numbers have been trending down for a few years now.  The 2012 Ag Census confirms this. In 1997, there were 34.2 million cattle on hand.  Over the next 15 years, this steadily dropped to a final 28.95 million cattle in 2012.  As we can probably guess, the top state […]

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    Photo of 140 bpa wheat near Walla Walla pic.twitter.com/YsA2wPt1iH

    20 hours ago

    Corn does well in Washington state. 55 at night 95 during the day plus irrigation 2 days ago

    If average cash rents drop $50 this fall and cash return is 2% equals drop in average land values of $2,500. We shall see. 3 days ago

    2 years ago corn + beans + wheat was almost $40. Now it is under $20. 3 days ago

    Great time with @MRRChip today on Market Rally talking about the new farm bill. 4 days ago

    Drove over 2,000 miles in last 12 days. Saw a lot of good looking corn. Beans not so much 6 days ago

    When you drive through Minnesota, South Dakota and Iowa this time of year you see a lot of corn and beans and not much else 2 weeks ago

    Possible another reason for high US corn yield estimates is acres switched to beans were lower yield corn acres 2 weeks ago

    Don't understand why nobody claims the USDA manipulates the data when the report is bullish 2 weeks ago

    USDA pegged lower corn production but if yields trends continue this will quickly change to production increase. 2 weeks ago