A price drop of 40% for sugar beets has impacted land values in the Northern Region (North Dakota/South Dakota/western Minnesota). Income reduction of nearly $350 per acre in some cases is taking some land buyers out of the market. Despite this pressure, values are fairly stable in this area, Dickhut said.
Farmers continue to be the primary land buyers. Dickhut reports that investor interest in land has been more guarded as many are not willing to pay high prices without a guaranteed strong return. Recent success in the stock market is generating interest in alternative investments, pushing outside investors to choices besides land.
"The market for farmland overall remains strong, particularly for quality land even though buyers are getting more cautious," said Dickhut. "The impact of changes in commodity prices, expenses and interest rates will all play into year-end results."
Missouri Dairy Business Update
The January 2014 Missouri Dairy Business Update, a monthly web publication presenting information on current dairy issues to people interested in the Missouri dairy industry, has been posted.
• • Milk Prices
• 2014 Farm Bill Legislative Update -Courtesy of DFA
• Dairy Profit Seminars - Dr. Mike Hutjens - keynote speaker
◦ Sedalia - Feb. 24 - Pork Palace, State Fair Grounds
◦ Springfield - Feb. 25, Springfield Livestock Auction
◦ Mountain Grove - Feb. 26, Fruit Station
◦ Cape Girardeau - Feb. 27, Extension Center
◦ Union, Friday, Feb. 28, Hagie's Restaurant
• Missouri Dairy Calendar of Events - Click in the Calendar for Event Programs
Contact Joe Horner for further information.
Wisconsin: 'Returning to the Farm’ workshop rescheduled
The University of Wisconsin Center for Dairy Profitability, University of Wisconsin-Extension and University of Wisconsin-River Falls are offering a workshop to help farm families plan for a son, daughter or partner to return to the farm and eventually take over the farm business. The four-day workshop will be offered at the River Falls Public Library on March 7-8 and April 4-5.
The registration fee for this four-day program is $325 per farming unit (up to four people per farm). This includes materials, meeting room costs, refreshment breaks and lunches. The registration deadline is February 28, 2014. If you have more than four people in your farming unit attending the workshop, $80 will be charged for each additional participant. click here