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Farmland Value Update - Summer 2023
Our expectation is that we will continue to see good competition for the best quality land, with market participants who use a very sharp pencil to determine how far they will go in pursuit of new farmland acquisitions.
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Grain Markets - Summer 2023
The corn and soybean markets continue to experience significant volatility. Agriculture has been fortunate to experience strong commodity prices for the past several years, and U.S. corn and soybean yields have been relatively consistent during that period. Fortunately, demand for those commodities has also been strong.
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Investment in Wealth for Generations
Landowners Edward Otrusina and Julie Smith believe they’ve found the key to stewardship with one simple yet powerful approach: “Leave it better than you found it.” Today, this guiding principle has helped the siblings establish a sustainable family legacy that will endure for years to come.
June 2023 Wallace’s Farmer “MarketPlace Extra”
Looking ahead to summer and fall sales, the outlook is slightly more uncertain. While old crop grain is still very valuable with a strong basis in most Iowa regions, new crop grain prices have weakened recently and margins are tighter.
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5 Conversations to Have with Your Farm Operator
Part of what we do as farm managers is work to keep an open dialogue with our farm operators so we can stay up-to-date with our properties. However, if you don’t have a farm manager, it’s up to you as a landowner to have those conversations. But if you don’t have an agriculture background, it can be difficult to know what conversations are critical.
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May 2023 Wallace’s Farmer “MarketPlace Extra”
A flat market does not mean the market is weak; it simply means we’ve plateaued and we’re not setting new highs.
April 2023 Wallace’s Farmer “MarketPlace Extra”
Land values here in early ’23 have certainly been buoyed by the strong profits of 2022; but today, there are also offsetting headwind pressures including higher input costs for the coming planting season, tighter profit margin forecasts, and an interest rate environment that continues to tick higher.
