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Better Farming Ontario Featured Articles

Better Farming Ontario magazine is published 11 times per year. After each edition is published, we share featured articles online.


Farmland prices explode in Iowa

Tuesday, February 1, 2011

Farmland prices are exploding in Iowa and all because of corn and soybean prices, says DesMoinesRegister.com .

Corn is priced 50 per cent higher than in June. Bids of $8,000 (all figures in U.S. dollars) an acre are common. The average appreciation since end of summer is $1,000 an acre, according to the Iowa Realtors Land Institute, which reported an 8.5 per cent increase from a year before.

The Federal Reserve Bank of Chicago reported a 13 per cent rise in farmland values Oct. 1 for the previous 12 months.

Farmers expecting a 40 cent-a-bushel profit on their corn got $2.50. Bankers say loans are being taken out with 55-60 per cent equity, compared to 10-15 per cent in the 1970s and early '80s.

A worry is that a change in either ethanol policy or in federal crop subsidies could dash future profit prospects. Ethanol plants buy the equivalent of half of Iowa's corn. BF

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Farms.com Breaking News

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New home for the Christian Farmers Federation of Ontario

Saturday, September 14, 2024

The Christian Farmers Federation of Ontario (CFFO) has announced it has moved into its new office building in Ingersoll. Located at 274620 27th Line in Ingersoll, the new office will serve as the hub for CFFO’s ongoing efforts to advocate for and support Ontario’s Christian farmers.... Read this article online

Canadian Ag Youth Council Welcomes new Members

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New CEO for Livestock Research Innovation Corporation

Friday, September 13, 2024

Livestock Research Innovation Corporation (LRIC) is promoting from within with the appointment of the organization’s newest Chief Executive Officer. Industry Services Manager Kelly Somerville has been tapped to assume the role as of September 3, replacing retiring CEO Mike McMorris.... Read this article online

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