Today's Land Owner

Summer 2022 Volume XLIII No 2

Today's Land Market

Dennis Reyman, AFM, ARA
ARTICLE SUMMARY:
It’s a hot one! Summer weather? Yes, and also the land market. You already know that. It has occupied every area of ag (and other) media over the past year. It can be entertaining to see how the story is sometimes presented. Let’s start with the headliner. Several parcels have sold for $25,000 per acre or more in Northwest Iowa so far this year. Does that make all land worth $25,000? NO! There are a few specific cases in certain neighborhoods where such an outcome MIGHT occur. We tracked 43 sales of $20,000 per acre or higher across our territory. Each sale has its own story. It’s crucial to understand the motivations behind each sale outcome. In the majority of northwestern Iowa, $20,000 is not realistic, at least not yet. Let’s delve into the factors behind this.

Leasing Considerations for 2023

Nathan Deters, AFM
ARTICLE SUMMARY:
The big story this year is inflation, with virtually everything seeming to move higher with each visit to the grocery store, big box outlet, or gas station. Agriculture is certainly not immune to inflationary pressures. As an energy intensive industry, cost of production has ratcheted higher along with the rapid rise in energy this year. Part of the reason for higher energy prices is the war in Ukraine, which grinds forward with no near term prospect for resolution. Our grain prices have benefited from the uncertainty on Ukrainian production and exports the war has created. However, higher oil, natural gas, and fertilizer prices are also a result and likely something that will be with us for a long time, even if grain prices shift back lower. It is quite likely that seed and chemical prices will join the upward movement as well. Getting a handle on input costs for the next cro

Stalcup Ag Service - 80 Years

Dennis Reyman AFM, ARA
ARTICLE SUMMARY:
2022 marks 80 years since Henry “Buck” Stalcup began this business in Storm Lake. Five years ago, we included a 3-part series on the history of the company. Rather than recreate that, we thought a quick review of agriculture’s progress might be interesting. 1942, of course, marked the first full year of the United States’ involvement in the Second World War. War manufacturing had already been underway supplying Europe with material. We think we have supply chain issues today. The war years were a time when raw materials were diverted to the war effort. Everyday items such as steel, rubber for tires, food, gasoline, and most every other item was rationed in favor of the war effort. Even star athletes and entertainers interrupted their careers to contribute to an Allied victory.

NW IA Progress Report

Chad Husman, AFM
ARTICLE SUMMARY:
The 2022 crop had a decent start in Northwest Iowa. Most corn and soybeans were planted from late April to mid-May, which is about the average schedule. Soil conditions were ideal for planting, but subsoil moisture was not fully recharged in many areas. Corn and soybean establishment was excellent on nearly all farms despite a cool stretch in April and May which slowed crop growth.

Not All Corn is Corn

Grant Aschinger, AFM
ARTICLE SUMMARY:
Corn is by far the most predominant crop grown in the United States. But not all corn is the same. Field corn accounts for the most acres, accounting for 93,357,000* acres planted in 2021. Other types of corn grown include sweet corn and popcorn

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