Land values holding strong around the country

first_imgShare Facebook Twitter Google + LinkedIn Pinterest Led by weak crop prices and exacerbated by a sharp decline in livestock prices, particularly cattle, net farm income dropped significantly in 2015, a Federal Reserve Bank economist said.
In fact, farm income has dropped by 55% since 2013, said Nathan Kauffman, an economist who also serves as assistant vice president and Omaha Branch executive with the Federal Reserve Bank of Kansas City. Kauffman addressed farmers and ranchers from across the U.S. during a workshop on trends in farm income and land values at the American Farm Bureau Federation’s 97th Annual Convention.“I don’t have the best of news to share this morning,” Kauffman said. The “sky is not falling,” he added, “but this is definitely a period of adjustment.”However, he said that the drop in income has so far not been accompanied by a drop in farmland values.“Farmland values have, in many ways, defied expectations associated with lower crop values,” he said.Among the factors that are driving the decrease in crop prices is a gradual buildup in the global supply of all major commodities, including corn, soybeans and wheat.“Global inventory is very, very high,” he said.At the same time, key demand factors have also “softened significantly,” he said, specifically mentioning ethanol production, which has been nearly flat in the past few years, and U.S. exports to China, which have decreased steadily as growth has slowed in that market.An additional factor is credit conditions, which have deteriorated in the past two or three years. A strong dollar, coupled with a somewhat sluggish global economy, has made selling crops overseas more difficult, he added.Despite all these negatives, farmland values have remained relatively steady.“The changes in crop values haven’t been met with changes in land prices,” he said.One of the major reasons is that there just hasn’t been a lot of land on the market. In addition, he noted that how land prices fare depends very much on the quality of the land.“It’s not across the board,” he said. “Very-high quality land is fetching very good prices,” but more marginal land is seeing some decreases. He added that while land prices have increased faster than rents, both have been slow to adjust to the decreases in crop prices.“It’s not what you would have expected when corn drops from $6 (per bushel) to $3,” he said.last_img read more

Senate moves on a GMO labeling bill

first_imgShare Facebook Twitter Google + LinkedIn Pinterest The Senate yesterday passed a GMO labeling bill.Many agricultural groups agreed that while the bill is not perfect, it is important in addressing the Vermont labeling law that went into effect July 1.“Today, our representatives in the Senate took an important step toward bringing consistency to the marketplace,” said Chip Bowling, National Corn Growers Association president. “The Roberts-Stabenow agreement ensures consumers have the access to product information they deserve without stigmatizing this safe, proven technology that America’s farmers value. Now, we urge the House to build upon the Senate’s work today by quickly taking up and passing this legislation.”last_img read more

Google Earth Tracks Marine Exploration

first_img8 Best WordPress Hosting Solutions on the Market Why Tech Companies Need Simpler Terms of Servic… Tags:#Google#NYT#web A Web Developer’s New Best Friend is the AI Wai… Whether you’re a lifelong fan of Jacques Cousteau or you’re intrigued by The Life Aquatic’s mythical jaguar shark, Google has a new tool for you. The company announced updating the Ocean Expeditions layer of Google Earth with blog posts and comments from recent excursions. Groups like the Census of Antarctic Marine Life and National Geographic’s Ocean Now Pristine Seas Expedition have been mapped and tagged for audience exploration. From the decks of frigid icebreakers like that of the US Coast Guard Healy arctic expedition to Roz Savage’s solo row across the Pacific, Google Earth offers viewers a chance to get in on the seafaring action without getting seasick. In February ReadWriteWeb covered Google Earth’s new touring features and underwater ocean maps. With the product’s layers, users have always been able to add videos and still images; however, this latest effort to document ocean journeys has a number of cool uses including tracking marine biologists, sailing regattas and offshore fishing expeditions. Google Earth 5 also offers touring with voice recording so teachers can actually walk students through a voyage’s route prior to viewing the expedition layer. To check out this tool download the KML file and open it in Google Earth. For the latest news on National Geographic’s Ocean Now Expedition to Cocos Island and the Gemelas Seamounts, you can also check out the Google blog guest post by Sylvia Earle.Photo Credit: Arctic Ocean Exploration Cruisecenter_img dana oshiro Top Reasons to Go With Managed WordPress Hosting Related Posts last_img read more

Rally by Kashmiri separatists foiled

first_imgThe authorities on Friday foiled a march called by separatists in Kashmir by placing parts of Srinagar and Anantnag under security restrictions.All Parties Hurriyat Conference (APHC) chairman Mirwaiz Umar Farooq, Tehreek-e-Hurriyat (TeH) chairman Syed Ali Shah Geelani and Jammu Kashmir Liberation Front (JKLF) chief Yasin Malik were either detained or placed under house arrest during the day. Security forces erected barricades in Srinagar and along the National Highway connecting the city with Anantnag. Train services were stopped in south Kashmir. No Friday prayers were allowed at the historic Jamia Masjid. “Why is the government choking our political activities if it believes in democracy?” the APHC chairman said.“Hundreds killed” The Mirwaiz alleged that “hundreds of people, mostly youth, have been killed in the ‘Operation All-Out’”.“The dictatorial approach of those in power is highly condemnable. The government has conceded its defeat by disallowing the rally,” the Mirwaiz added.last_img read more

Kidnap bid foiled in Goa

first_imgPanaji: The South Goa police on Saturday foiled a kidnapping attempt of a businessman from Vasco by three persons. The kidnappers, who were being chased by the police, pushed the victim from the car. “Three people kidnapped Harish Solanki from outside his shop and demanded a ransom of ₹10 lakh,” acting Superintendent of Police Dinraj Govekar said. The victim was pushed out of the moving car, after a police control room van started chasing the Tata Indica vehicle which the kidnappers were driving, the police officer said. “The victim is fine. There are no injuries. We have identified the kidnappers,” Mr. Govekar said, and added they would be caught soon.last_img read more