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Grain Markets - Summer 2022
Farmers and landowners across the Midwest sell their crops for market values determined by factors mostly out of their control. Grain marketing continues to be full of uncertainty as international conflicts, global logistics, energy and fertilizer supply, and weather concerns actively affect the markets. We are in a unique year with both historically high grain and fertilizer prices.
Effects of Russia – Ukraine impact for 2023 crop year
“Even if the conflict is solved tomorrow, there will still be long-term effects,” noted Cortney Cowley, senior economist at the Kansas City Federal Reserve Bank. The World Bank estimates crop fertilizer prices to rise about 70% in 2022 before falling slightly in 2023 [from atmospheric levels].
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June 2022 Wallace’s Farmer “MarketPlace Extra”
The calendar may say spring planting has arrived, but it’s been unseasonably cold and wet into early May. It hasn’t been this way for a few years, as we’ve been spoiled in 2020 and 2021 with smooth planting weather. But every year is different, and this twist of 2022 is just Mother Nature’s way of reminding us of who is in control.
May 2022 Wallace’s Farmer “MarketPlace Extra”
Heading into what is typically the slowest part of the land sales season, landowners' and farmers' focus shifts to getting a crop planted. With corn and soybean prices both at lofty levels rarely seen, it will continue to be interesting to watch moves in the land market into the summer months, especially with developments elsewhere.
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24 Hertz Professionals Recognized as RLI’s APEX Producers Club
Hertz Farm Management is proud to announce that twenty four employees have been recognized as part of the 2021 APEX Producers Club by the Realtors® Land Institute as a part of the RLI APEX Production Awards Program, sponsored by The Land Report.
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April 2022 Wallace’s Farmer “MarketPlace Extra”
Incredibly strong grain prices, coupled with still low interest rates, have buyer demand still outpacing the available supply of farms to buy.
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March 2022 Wallace’s Farmer “MarketPlace Extra”
Despite higher input prices for seed, fertilizer, equipment, and other inputs for the 2022 growing season, commodity prices in the early year have also continued to inch higher.
