Is land still a solid investment?

In recent weeks we have seen record-setting land sales.  RD Schrader, president of Schrader Real Estate says land prices continue to hold steady.  But – what about the impact of this year’s drought? Schrader says – that depends.  “The drought had different impacts on different areas,” he says.  “Overall – I’m not so sure there… Read more »

Brazil exporting more corn and ethanol

Brazil is stepping-up to fill a void left by the U.S. on the global corn and ethanol market. Reuters reports Brazil exported 3.66 million metric tons of corn in October, up from 3.14 million in September and 1.52 million a year ago. Shipments are expected to hit 17 million metric tons this year; Brazil’s corn… Read more »

Ukraine will not halt wheat exports…

Reversing earlier reports, Ukraine says they will not halt wheat exports on November 15th. The press service of the Social Policy Ministry says the Cabinet of Ministers of Ukraine did not consider restricting grain exports and is not planning to make such a decision. The Ministry says global grain stocks are at a low level… Read more »

Livestock environmental workshop to be held in South Dakota

There’s an environmental training session for concentrated animal feeding operators next Wednesday, November 7, in Huron, South Dakota. The session includes specialists from South Dakota State University as well as from state and federal agencies. The training fulfills environmental and manure management requirements for state concentrated animal feeding operation permits. It also qualifies for Certified… Read more »

Ground beef market unaffected by LFTB controversy

Supermarket News, a weekly trade publication for the food distribution industry says “ground beef sales have been unaffected by the controversy.” The report quotes Sherry Frey, vice president of account services at the Nielsen Perishables Group who says they didn’t see any notable decline. “In the 52 weeks ending August 25, ground beef volume has… Read more »

ABC News asks judge to dismiss BPI suit

Lawyers for ABC News have asked a judge in South Dakota to dismiss the defamation suit brought by Beef Products Incorporated over lean, finely textured beef (LFTB). ABC’s legal counsel argued that while the term “pink slime” used repeatedly in the news stories may be “unflattering” it is not inaccurate. They contend the product is… Read more »

U.S. cheese production up slightly in September

Cheese production in the U.S. in September totaled 871 million pounds, up 0.3 percent from September of 2011. Italian type cheese production was 0.3 percent higher at 370 million pounds while American type cheese output increased 2.3 percent from a year ago at 346 million pounds. Wisconsin total cheese production in September was 230 million… Read more »

Another solid finish for soybeans

Futures Markets copy

Soybeans were higher on fund and commercial buying, along with spillover from the outside markets. The dollar was lower with the Dow and crude oil higher. The supply remains tight and demand is strong, and the trade’s watching weather in South America. According to Dow Jones Newswires, some parts of Argentina remain too wet to… Read more »

Economist: Underwriting losses not as bad as predicted

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Kansas State University ag economist Art Barnaby says earlier estimates of up to 40 billion dollars in crop insurance underwriting losses were wildly off the mark. Barnaby continues to stick by his earlier estimate of less than 15 billion dollars.  But he says that number is dropping every day and could end up closer to… Read more »

Farmers National official discusses land values, rental rates

One of the speakers at this year’s Ag at the Crossroads Conference in Lincoln, Nebraska was Lee Vermeer, vice-president for real estate operations with Omaha-based Farmers National Company. Following his presentation, Vermeer discussed land values and rental rates with Brownfield’s Ken Anderson. AUDIO: Lee Vermeer (8:06 MP3)