BLOOMINGTON, ILL. (RFD-TV) — The agricultural market has now gone a whole month without harvest data from the U.S. Department of Agriculture (USDA), and with combines nearing the finish line in many areas, farmers are shifting their focus to post-harvest conditions.
David Klein with the American Society of Farm Managers and Rural Appraisers (ASFMRA) joined us on Wednesday’s Market Day Report with an end-of-harvest update.
In his interview with RFD-TV News, Klein said farmers in central Illinois are averaging corn and soybean prices close to those of last year. He also discussed trends in sales methods as producers and landowners assess current conditions.
Klein said that while there have been some business-planning delays in the state farmland market, approximately 22,000 acres were set for auction in November, but they are adding new listings every day. While trends seem to favor auctions, he is also seeing many traditional listings and sealed-bid auctions when sellers have a price point they want to hit. He said, overall, the market is down about 2.5%, but much lower in some areas of the state, suggesting there’s plenty of opportunity for investors interested in picking up high-quality land.
With today’s post, RFD-TV Ag Legal & Tax Expert Roger McEowen focuses on some more common issues farmers, ranchers, and rural landowners frequently face.
The topics in ag law and tax are diverse. There’s never a dull moment. For now, here’s a selection of various ag law topics from RFD-TV Agricultural Law & Tax expert Roger McEowen.
From the U.S. Supreme Court down to local jurisdictions, the current developments just keep on rolling in agricultural law and taxation. Here are some recent developments.
Since the Tennessee Main Street program’s inception in 2010, 78 rural commercial districts have been improved. These 12 new additions bring that total number up to 90.
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One drawback of co-equal ownership in estate planning is the right of partition of a co-owner. That’s a particularly acute problem when parents have both on-farm and off-farm heirs.
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A family settlement agreement is one method to resolve financial conflicts among family members over assets—if executed properly, that is.
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In this
Firm to Farm blog post, RFD-TV agri-legal expert Roger McEowen tackles a handful of topics related to property rights.
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In today’s Firm to Farm blog post, Roger McOwen breaks down the Court’s regulations on unconstitutional federal power and the ruling’s impact on BOI reporting.
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