Demographics

IRS Releases 2012 Income Data

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August 28th, 2014

The IRS recently posted to their website the income statistics for 2012.  These statistics break down income into their major components such as wages, interest, business income, etc.  Farmers who file Schedule F are also listed.  Farmers who file as a partnership or S corporation along with related wages would be lumped in with those […]

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Mid West Crop Tour – Final Conclusions

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August 22nd, 2014

I was hoping to write this post last night, but dinner, presentations and then chatting with all of the scouts meant I did not get back to my hotel room until almost Midnight. My key theme for this crop tour is “Can the Great Eastern Crop Lift Up the Not-So Great Western Crop”?  Our tour […]

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Mid West Crop Tour – Wednesday

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August 20th, 2014

What a difference a day makes.  On Tuesday, we saw really good corn in Indiana and slightly better than average corn in Eastern Illinois. I woke up this morning expecting to see excellent corn in the rest of Illinois and pretty good corn in Iowa. We left Bloomington and headed toward Peoria to get started […]

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Mid West Crop Tour

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August 14th, 2014

Pro Farmer conducts a Mid West Crop Tour each year.  There are two legs to the tour.  The Eastern Leg starts in Columbus, Ohio this Sunday night and on Monday, about 11 routes are conducted from Columbus to Fishers, Indiana.  These routes will go over the exact same roads as in previous years, however, the […]

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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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