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.
The distinction between co-tenancy and joint tenancy and why it matters — is the topic of today’s Firm to Farm blog post by RFD-TV Agri-Legal Expert Roger McEowen.
December 11, 2023 02:13 PM
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In this behind-the-scenes look at the newest episode of Where the Food Comes From, “A Day Without Sunshine” written by show producer and script supervisor Donna Sanders — find out what Florida citrus growers Dundee Citrus did when life handed them some lemons.
November 29, 2023 09:00 AM
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In today’s production update, Total Acre Farming’s David Hula has an enlightening conversation with Jeremy Rountree about a new, industry-disrupting product from
Brandt Fungicide.
November 02, 2023 12:23 PM
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What are the relative advantages and disadvantages of the split-interest transaction? And what are the rules when property that was acquired in a split-interest transaction is sold? That is the topic of today’s blog post by RFD-TV Agri-Legal Expert Roger McEowen.
November 02, 2023 09:00 AM
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A split-interest transaction involves one party acquiring a temporary interest in the asset (such as a term certain or life estate), with the other party acquiring a remainder interest. That is the topic of today’s Firm to Farm blog post by RFD-TV Agrilegal Expert Roger A. McEowen.
November 01, 2023 09:00 AM
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As I try to catch up on my writing after being on the road for a lengthy time, I have several recurring themes in my legal work. Another potpourri of random ag law and tax issues — that is the topic of today’s Firm to Farm blog post by RFD-TV Agrilegal Expert Roger McEowen.
October 31, 2023 02:21 PM
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Gov. Sarah Huckabee Sanders spoke with RFD-TV’s own Susan Alexander this Monday morning on the Market Day Report to explain Arkansas’s recently passed giving lawmakers greater authority to sanction foreign ag-land ownership within the state.
October 30, 2023 12:51 PM
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In today’s blog post, RFD-TV Agri-Legal Expert Roger A. McEowen shares some random thoughts on land value and transitioning your farming or ranching business to a new generation.
October 13, 2023 11:31 AM
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Acquiring farm or ranch land, as well as the key concepts and issues are the topics of today’s blog post by RFD-TV Agri-legal Expert Roger McEowen.
October 12, 2023 03:01 PM
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