Published:
Views: 2938

Low Commodity Prices Push Land Values Down

Corn, soybeans, wheat, cattle, hogs — falling prices mean farm incomes lag across the Tenth District. —The Editors Using responses from 210 banks, economists at the Kansas City Federal Reserve Bank presented a survey of Agricultural Credit Conditions covering the

wheat_lg

Corn, soybeans, wheat, cattle, hogs — falling prices mean farm incomes lag across the Tenth District. —The Editors

Using responses from 210 banks, economists at the Kansas City Federal Reserve Bank presented a survey of Agricultural Credit Conditions covering the second quarter of 2016. A selection of observations by some of these bankers follows:

“Bumper wheat crop will help, but increased local basis will really hurt local producers.” — Southwestern Kansas

“Lower commodity prices are affecting the spending and payback of local farmers. Many are paying their interest and extending their notes in hope that prices will rise this fall at harvest time.” — Southwestern Missouri

“Drop in cattle prices has affected our area more than other commodities.” — Eastern New Mexico

“Many of our farmers work outside jobs. So, to date, we have found solutions for all borrowers.” — Western Missouri

“Farm financial conditions continue to deteriorate.” — Northeastern Kansas

investingfall2016

Read the complete report at www.KansasCityFed.org.

Posted in Feature, Great Plains, Kansas, Midwest, Missouri, New Mexico, News Desk, Southwest

EMAIL SIGNUP

Please sign me up to receive breaking news and updates from the Land Report!

Latest Tweets

News By Region

The Land Report | 2018 America's Best Brokerages
The Land Report is proudly partnered with:
Land Leader
Hall and Hall
Bates Land Consortium
Mossy Oak Properties
United Country Real Estate
Live Water Properties
Fay Ranches Inc.
Mirr Ranch Group
californiaoutdoorproperties.com
Whitetail Properties
Western Ranches
TerraStone Land Company
Hayden Outdoors Real Estate
LandAndWildlife.com
Pacific West Great Plains Great Lakes Midwest Southwest South Northeast Pacific West Great Plains Great Lakes Midwest Southwest South Northeast