Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
      
   
   
   
   

Agricultural News


Farmers Bid Land Values To Record Highs In Fourth Quarter

Wed, 15 Feb 2012 15:13:25 CST

Farmers Bid Land Values To Record Highs In Fourth Quarter Robust bidding by farmers spurred record high Tenth District land values in the fourth quarter, which enticed more landowners to place farmland up for auction, according to the Federal Reserve Bank of Kansas City’s quarterly Survey of Agricultural Credit Conditions.

Nonirrigated cropland values in the District jumped almost 9 percent during the last three months of 2011 and were 25 percent higher than year-ago levels. District bankers noted an increasing number of absentee landowners were putting their farms up for sale and attributed much of the auction activity to landowners seeking top-dollar prices.

Farmers were the main buyers, and the share of land purchases by farmers has grown during the past few years. Still, outside investor interest in farmland for rental income or capital gains remained high, with farmland sales for recreational or development use dwindling. About a third of survey respondents expected both the price and the amount of farmland offered for sale to rise further in 2012.

Strong farm incomes were fueling the robust farmland value gains. During the fourth quarter, crop prices remained historically high but volatile, while livestock prices were well above year-ago levels. With bullish farm income prospects, many landowners negotiated steep increases in cash rental rates for farmland. Rising cash rents, however, could strain profit margins for some producers, especially if other input costs climb higher.

Agricultural credit conditions improved at the close of the year, and loan demand edged up. Though a year-end spike in capital spending provided a slight boost to loan demand, bankers noted wider use of vendor financing by farmers.

The complete survey is available from the Kansas City Federal Reserve Bank by clicking here.


   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Ross Wilson Applauds Cattle Feedlot Efforts to Increase Negotiated Cash Trade  Tue, 26 Oct 2021 15:20:14 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2 p.m. Tuesday, October 26, 2021  Tue, 26 Oct 2021 15:15:28 CDT
  • Tuesday, October 26, 2021, Market Wrap-Up with Justin Lewis  Tue, 26 Oct 2021 14:40:02 CDT
  • Expansion Partners to Heal the Harvester  Tue, 26 Oct 2021 11:55:46 CDT
  • Hilliary Communications to Launch $45 Million in Fiber-Optic Infrastructure Expansion in Rural America  Tue, 26 Oct 2021 11:48:59 CDT
  • Ralph Lauren Corporate Foundation and Soil Health Institute Unveil New U.S. Regenerative Cotton Program  Tue, 26 Oct 2021 11:34:52 CDT
  • Fire Weather Watch in Effect in Oklahoma Panhandle Ahead of Developing Storms  Tue, 26 Oct 2021 10:34:06 CDT
  • CattleFax CEO Randy Blach Says Inflated Prices are Here to Stay  Tue, 26 Oct 2021 10:23:01 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Beef council Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Tulsa Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.

       
       

    Search OklahomaFarmReport.com

    © 2008-2021 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.