grain market

Watch: Down times have farmers looking to cut costs

Jan 9, 2017
Harvest Public Media

The federal government expected net farm income and farm profits to fall in 2016, the third-straight year of declines. That means farmers and ranchers are taking a closer look at their finances, and many aren’t very optimistic about their prospects for 2017.

Amy Mayer / Harvest Public Media

Cropland in the Midwest is losing its value as the downturn in the agriculture economy continues, according to a number of surveys by agricultural economists. Record-high crop prices contributed to record-high land values in 2012 and 2013, but now, that party is over.

Brian McGuirk / Flickr Creative Commons

Kansas Agland is taking a look at the agriculture economy from the perspective of farmers and farm implement dealers, who are finding ways to adapt.

An overabundant supply in wheat, corn and every other crop has pushed the prices of those commodities below what many farmers need to break even.

agriculture.com

When the USDA released its March Prospective Plantings report, some ag experts and grain markets were baffled by the large shift toward corn acres. The report listed a prospective 94 million acres of the crop nationwide. That’s a six percent increase over last year, and would add another 941 million bushels to an already well supplied market, according to agriculture.com.

So, what’s happening here?

Cropland Prices Droop, While Ranchland Values Soar

Oct 20, 2015
ksal.com

Lower grain prices have caused Kansas farmland prices to slump this year, reports the ­Dodge City Daily Globe. The value of Kansas cropland was down 2.2 percent as of Aug. 15, according to U.S. Department of Agriculture data. Experts expect cropland values to slide even further in the coming months as the agriculture sector continues to struggle.

2015 is likely to be a mixed bag for Midwest farmers

Jan 29, 2015

Yields are expected to be as good as last year, but commodity crop prices will make it a hard season to survive.

Grant Gerlock, NET News/Harvest Public Media

Nebraska Farmers are bringing in what’s expected to be a record-breaking harvest for both corn and soybeans. But all that productivity has a big financial downside. Only two years after peaking, grain prices are at their lowest level since 2009.

Farmers watching grain elevator failure

Sep 8, 2014

When a grain elevator goes belly up, who’s left holding the bag? Farmers are closely watching what’s happening in Pierce, Nebraska. The Public Service Commission revoked the Pierce Grain Elevator’s license when it couldn’t meet expenses, and closed the elevator. Farmers have filed claims for 9.7 million dollars in claims. Sale of the gain seized after closure will only raise about half that amount.