In 2015, the basket’s annual farm value rose by 11 percent to $62.12, while its annual retail value rose by 1.6 percent to $225.80, causing farm share for the basket of fresh vegetables to increase from 25 to 28 percent.
Commercial-sized farms often require more management and labor than an individual can provide. Additional operators can offer these and other resources, such as capital or farmland. Having a secondary operator may also provide a successor when an older principal operator phases out of farming.
The cattle and beef markets continue to work in opposite directions. Beef continues its slow climb upwards, while cash fed and feeder cattle—along with their futures market analogs—plummeted after the details of the most recent Cattle on Feed report came out.
Striking while the iron is hot is an adage alluding to the trade of a blacksmith who must shape iron while it is hot and pliable; if he delays the opportunity is lost. Acting decisively to take advantage of opportunities when they arise also holds true in the real estate business.
High points of leverage in a cattle production system are places where strategic inputs of time and resources potentially have impacts that are beneficial and significantly greater than the cost. The challenge is that the areas of highest leverage may not be the most obvious.
Global beef exports are expected to increase yearover-year in 2017 with growth in several major beef exporting countries supported by growing production in most cases. However, the situations vary among beef exporting countries and market conditions will keep international markets dynamic for the foreseeable future.
During year-end meetings with farm clients, Minneapolis, MN-based consultant Rod Mauszycki, heard farmers pose a question the veteran tax adviser had never heard before, “What’s the penalty for not carrying health insurance next year?” “Many farm...
Local economies and employment levels are more sensitive to economic trends that have a pronounced effect on their leading industries. For example, trends in agricultural prices have a disproportionate impact in farming-dependent counties, which accounted for nearly 20 percent of all rural counties and 6 percent of the rural population in 2015.
The ongoing issue of China and its failure to live up to its World Trade Organization (WTO) responsibilities was the focus of a recent report from the office of the U.S. Trade Representative (USTR). While the report noted some hopeful progress in some areas of U.
Wholesale prices increased from roughly $3 per pound to nearly $4 per pound by mid-2015. As wholesale prices rose, retail prices followed, moving from just over $5 per pound in January 2014 to a peak of $6.41 in June 2015. Both prices decreased in 2016, with the wholesale price falling below $3 in late 2016.
cow numbers,” he said. However, he admitted he thought there would be more cows reported in the U.S. herd. One reason is continued holding back of more heifers. Brown had already explained that there is a mountain of meat— pork, chicken and beef—facing U.S.
While we generally have tax legislation every year or so, it’s rarely transformational to the system. The 1969 and 1986 Tax Reform Acts were two blockbusters, changing rates significantly and influencing business structures. It looks as if 2017 could bring another seismic rewrite of our federal tax system.
“We’re going to have to move that production through the chain to keep the producer profitable, and I’m just not sure that we’re going to get that done on the domestic side. So exports are going to become more and more critical to our industry and to our profitability.
After the prior week’s weak showing in the cash fed cattle market, both in terms of volume and prices, last week saw the cash fed trade completed mostly by Thursday with over 92,500 head confirmed sold at $120-123 live, a $1-4 increase. Dressed cattle sold $191-196, up $1-8 compared to the prior week.
U.S. red meat exports continued to build momentum in November, highlighted by a new monthly volume record for pork exports. Both pork and beef exports exceeded year-ago levels by more than 20 percent in both volume and value, according to statistics released by US- DA and compiled by the U.
We have a Limited Liability Company (LLC) that contains all of our farms and one of my stock accounts. We formed it many years ago to protect the land from potential bad decisions our two children might make during their formative years.
Retail beef prices will continue adjusting down in 2017 due to retail market dynamics and continued growth in domestic beef consumption this year. The most recent All Fresh retail beef prices in November were $554.20/cwt., down 7.5 percent from one year earlier.
Land may be acquired in a number of ways, including sales, gifts and inheritances. Arms-length purchases from nonrelatives are a traditional method for acquiring land, particularly for those without family or personal connections to agricultural landowners.
According to USDA data from the National Agricultural Statistics Service, average pastureland values in the southwestern states of Arizona, New Mexico, Texas and Oklahoma ranged from $350- 1,600 per acre, these being among the lowest levels seen in the country.
Sam Middleton, owner of Charles Middleton and Son, a real estate company based in Lubbock, TX, who also sells property in New Mexico, agreed that deeded land with accompanying public land leases are attractive to ranchers, saying, “People pay a bonus for the deeded land because of the contribution of the cheap state and BLM leases.