Balance has returned to the relative value of gold versus farmland. The ratio reflecting the ounces of gold required to buy an acre of Illinois or Iowa farmland has eased back to levels existing in the early 2000s, prior to the explosion in gold and then farmland prices.
After three consecutive years of decline, net farm income is forecast by USDA to rise slightly in 2017. In its end-of-year update, USDA forecasts net farm income will increase 2.7% to $63.2 billion in 2017. While not quite as positive as USDA’s 3.1% rise forecast in August, it is still far be [...]
Bayer and MS Technologies received a green light for Balance GT soybeans for food and feed uses from European Commission. The companies have already gained approval from U.S., Canada and Brazil for cultivation.
Teach a boy to farm and he feeds others for a lifetime. When 12-year-old Evan Kirkpatrick worked his first five acres of soybeans in 2017, harvest represented a big link in a chain connecting past and present.