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Agri-Line - Le Mars Agricultural Connection

Agriculture Census To Be Released

DES MOINES, Iowa (AP) - The U.S. Department of Agriculture is set to release its Census of Agriculture, a detailed report released every five years that lists the number of farms, how many acres are farmed, the number of farmers and their average age and many other statistics.

The last report released in 2007 revealed that the number of Iowa farms had increased 2 percent from 2002 to 2007 to more than 92,800. The average farm size was lower and total acres of land farmed fell 3 percent.
Iowa ranked first in the nation in 2007 in production of hogs, corn, soybeans and third in the nation for the value of agriculture products sold.
The report to be released Thursday morning is used in evaluating and implementing agriculture policies and programs.

   

Northey Expects Farm Income To Decline

(Le Mars) -- After seeing the past few years of farmers enjoying higher commodity prices, Iowa Agriculture Secretary, Bill Northey, says he is concerned about a possible decline in farm income this year.  Northey was in Le Mars Thursday morning.  He says this coming crop year may prove to be interesting as farm income is projected to be lower. The question is  how much lower?

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Northey expects the lower farm income will definately have an impact on ag businesses?

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Crop Values Declined In 2012

DES MOINES, Iowa (AP) - The value of crops fell last year as corn and soybeans prices declined from record highs the year before. 
     The U.S. Department of Agriculture says in an annual report the value of 2013 field crops fell 9.8 percent to nearly $167 billion from $185 billion in 2012. 
     The 2012 drought reduced the corn and soybean harvest and drove prices to record highs which resulted in increased crop value.
     Friday's report says the average price of corn for 2012 was $6.89 per bushel and the value of the crop that year was $74.3 billion. Last year's average price was $4.50 and the overall value fell to $62.7 billion.
     Top crop producers last year were Illinois with crops valued at $16 billion, Iowa at $15.9 billion, and Nebraska at nearly $12 billion.

 

   

Farmland Rental Rates Expected To Decline

(Orange City) -- Farmland rental rates look to be holding steady or showing some signs of decline, that according to an Iowa State University Extension Farm Management Specialist.  Melissa O'Rourke says landowners and farmers are now negotiating terms for the upcoming crop year.  She says our neighbors to the east project a slight decline in farmland rental rates.

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O'Rourke says whether  farmland rental rates trends go up or down, or hold steady, depends largely on what the previous conditions and terms were for the lease agreement.  O'Rourke says she still hears of instances where a tennant and landlord had entered a long-term lease agreement and the rental rates are extremely low.

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The ISU Farm Management Specialist says there have been times in the recent past when farmland rental rates were given a "bump up".  But she says 2014 may be a year when profit margins are tighter.

 
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O'Rourke says most farmland rental agreements today are scheduled for a one-year term with review of the yield performance, future projections, and current and future commodity prices.

 

   

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