Ag Equipment Intelligence editors have compiled information on shortline dealers in the Corn Belt. This region is defined by USDA as the states of Iowa, Missouri, Illinois, Indiana and Ohio.
Farmers across Michigan and Ohio are voicing their concerns for the struggling planting season and petitioning their state legislators to provide relief. A substantial number of farmers have been impacted by the rainy season, with some opting out of planting for farm insurance and others planting a late crop against the odds of fall frosts.
The condition of this year’s soybean crop was downgraded by 2 percentage points, while no change was registered for the corn crop as of Oct. 14, 2018, according to the latest Crop Progress report from USDA.
Permanent cropland, found predominately in the Pacific West, growing orchards and vineyards of almonds, grapes, walnuts and other such permanent crops, had an 8% return in the fourth quarter of 2015, compared to annual cropland’s 1.2% return, according to a Jan. 20 report from the National Council of Real Estate Investment Fiduciaries (NCREIF).
Of the 10 agricultural regions covered in Ag Equipment Intelligence’s 2016 Dealer Business Outlook & Trends report, dealers in only two are projecting a pick up in new equipment sales revenues.
It looks as if the escalating prices for farmland are finally taking a breather, according to Murray Wise Assoc., a land auction firm headquartered in Champaign, Ill.
Chances are good that at least some Midwest farmers weren’t too surprised at USDA’s October 8 report that corn and soybean yields would probably come in quite a bit lower than anticipated just a month earlier.
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In this episode of On the Record, brought to you by Benzi America, we take a look at results of the 2024 Brand Loyalty study. In the Technology Corner, we examine how USDA’s use of ag data raises privacy concerns.