Latest articles

U.S. farm banks’ business is booming

Reuters / U.S. agricultural banks boosted farm lending by about 14 per cent in 2012 to $81.8 billion, reflecting a strong farm economy despite drought-related stress in the livestock and dairy sectors, the American Bankers Association said on March 19. “The agricultural sector continues to outperform the broader national economy and, as a result, farm […] Read more

U.S. Plains farmland prices set record but gains slow

Reuters / Average farmland prices in the U.S. Plains states jumped as much as 25 per cent in the third quarter, setting new highs as demand remained strong, according to the Kansas City Federal Reserve. But the rate of gains slowed down from the torrid pace of the past two years. “Drought conditions had little […] Read more

ICE set to introduce five new U.S. grain and oilseed contracts

Reuters / ICE Futures US intends to begin offering five new U.S. grain and oilseed contracts, pending review by the Commodity Futures Trading Commission. The contracts include U.S. corn, wheat, soybeans, soybean meal and soybean oil, IntercontinentalExchange (ICE) announced. Futures contracts are slated to be available on May 14, with options available May 15. “These contracts […] Read more

U.S. Corn Belt not ready to seed just yet

Reuters / Shirt-sleeve weather across America’s central Grain Belt is tempting, but expensive seeds and worries about insurance covering any sudden cold snap have kept crop planters out of fields. “We’ve got a lot invested in this crop. We want to be careful,” said central Illinois farmer Tim Seifert, who doesn’t want to take the […] Read more

U.S. Plains farmland values jump again

Farmland prices in the U.S. Plains states extended record-setting gains in the fourth quarter of 2011, rising 25 per cent from a year earlier as cash-rich farmers competed for land, the Federal Reserve Bank of Kansas City said Feb. 15. In a quarterly survey that provides an important gauge of the U.S. agricultural economy, the […] Read more