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posted on Dec 13, 2012

The American Society of Farm Managers & Rural Appraisers held their annual meeting and AgroNomics - Vision 2012 on October 29 - November 2, 2012 in Indianapolis, Indiana.  The conference had many outstanding speakers on a range of farmland topics.

Some of the key speakers were Steve Elmore, Michael Swanson, Mike Walsten, and Mark Dotzour, and an entertaining finale by Lowell Catlett.

posted on Nov 5, 2012

Denver, Colorado – October 10, 2012 - Jeffrey Hignight with Glaub Farm Management of Jonesboro, AR has recently been awarded the Accredited Farm Manager (A.F.M.) designation from the American Society of Farm Managers and Rural Appraisers (ASFMRA).

posted on Oct 8, 2012

Farm Journal has a web site and annual report on succession planning.  The site and report provides valuable information that can be a conversation starter for families in order to jumpstart a difficult subject most families probably avoid discussing.

posted on Sep 17, 2012

The University of Illinois on their farmdoc website released an article on farm machinery capital invested over time using the Illinois Farm Business Farm Management (FBFM) Association details.  The Illinois FBFM is a cooperative educational-service program to assist farmers with management decision-making.

posted on Sep 5, 2012

On August 3, the USDA released data pertaining to farmland values in the US.  Overall, the report indicated US Farmland values increased 11%.  Arkansas Irrigated and Non-irrigated cropland increased 12.2% and 11.4%, respectively on average.  Mississippi Irrigated and Non-irrigated cropland increased 3.1% and 2.1%, respectively on average.  Missouri Irrigated and Non-irrigated cropland increased 11.4% and 13.8%, respectively on average.

posted on Aug 28, 2012

In the last few years, marketing options with commercial grain elevators have become severely limited.  We recently received a letter from one commercial grain elevator regarding marketing options at harvest.  This particular elevator stated that they no longer offer a storage program and all grain delivered would be applied to a contract or sold daily.

posted on Jul 9, 2012

Mark Twain is attributed with the quote, “Whiskey is for drinking; water is for fighting over.”  As the drought persists many farms in the Delta with surface irrigation are watching the reservoirs and tail-water-recovery systems go dry.  As I write, parts of the Delta have received small scattered showers but not enough to eliminate the drought.

posted on May 8, 2012

The Mississippi Delta Region was a swampy wetland before the rivers were levied.  The levees allowed pioneers to cut timber and farm new land.  In 1985, the US Congress passed the Food Security Act of 1985 which contained language that made it illegal to convert any new wetland to crop production.

Over the years, regulations from the Corp of Engineers, Environmental Protection Agency, and United States Department of Agriculture pertaining to the Food Security Act of 1985 and subsequent farm legislation have eroded property rights.

posted on May 2, 2012

A recent study by the Texas Transportation Institute’s Center for Port and Waterways at Texas A&M University reviewed the societal, environmental, and safety impacts of inland barge, highway, and rail transportation.  The study titled “A Modal Comparison of Freight Transportation Effects on the General Public” can be found at www.nationalwaterwaysfoundation.org/study/FinalReportTTI.pdf.

posted on Mar 27, 2012

On several occasions when visiting with landowners, the most common question asked is why land sells for such a higher price in the Midwest compared to the Mississippi Delta region although yields on corn and soybeans can be similar.

One of my answers to landowners is that Midwest production is more profitable meaning their margins are greater, therefore a greater share can go towards land rent.  Higher land rent leads to higher land prices.  The table below precisely demonstrates why land prices are higher in the Midwest due to a higher return.

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