A quick drive around the country during the farm boom seemed to suggest that a rural building boom was underway. New machine sheds and farm residences seemed to bloom across the countryside. As farm incomes have fallen, many have wondered how rapidly this building activity would slow.
The recent grain stocks report gathered much attention as many headlines focused on corn stocks – estimated at 2.29 billion bushels – reaching the highest levels since the 1980s. This week’s post considers U.S. ending stocks data and how large the 2016/2017 ending stocks are.
Attention will soon begin to shift to 2018 and the annual question of how acres will sort out. The stage for the 2018 acres debate, however, is already being set as U.S. winter wheat planting is already underway. This week’s post looks at acreage-trends for corn, soybean, and wheat, and how wheat acreage will set the pace for U.S. production in 2018.
While low yields occur in parts of the country each year, how widespread must low-yields be to impact the national yield? This week’s post considers the magnitude of corn acres with low yields in recent years.
The serious financial downturn in U.S. ag has caused farm producers to aggressively search for ways to lower costs and improve cash flow. In the short-term one of the most obvious ways that farmers can improve cash flow is to delay capital expenditures. That is exactly what they have done. Since 2014, U.S. farm capital expenditures have been in free-fall.
A look at farm real estate values relative to farm income and the value of production. Overall, pricier real estate values have been the trend.