Amid changes in crop patterns, farmland real estate Strategic changes in agricultural cultivation have led to a significant increase in prices. says farmland sales specialist Randy Dicute. Insights into agricultural economicsthe increase in farmland prices is ethanol A mandate established in the late 2000s.
“Before ethanol was mandated, there was no such difference,” Dickut explains. “But when that happens, the cost is corn and soy This led to substantial increases in agricultural incomes and land prices from 2010 to 2013 and 2014.
He says that although land values in the Upper Plains have increased significantly in recent years, the Upper Midwest remains the leader. “China, add that one to your overall crop demand. Soybean and later corn demand was even greater, and the demand for those two crops pushed up the price level,” Dikut said. .
As cropping patterns evolve and global demand for key commodities remains strong, farmland prices are poised for further volatility that could impact agricultural economies across the country.
DTN market analysts said the corn ethanol market and soybean oil renewable diesel market are two much-needed sources of demand, but the RFS program sets minimum volume requirements for these biofuels. Ta.
A key committee of the American Feed Control Association has tentatively approved the use of hemp in laying hens.
