Data & Forecasts

Growth of U.S. Corn Used In Ethanol Production Projected to Slow

High levels of domestic corn-based ethanol production are projected to continue over the next decade, with about 36 percent of total corn use projected to go to ethanol production if current laws remain in effect and specific assumptions about macroeconomic and international conditions, weather, and government policies hold.
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Average Farmland Value Varies by Land Use and Region

Average farmland values for the Nation mask wide regional variation. Cropland values (the land value excluding buildings) exceeded $5,000 per acre in 2007 in the Northeast and Pacific regions, where high-value crops fruits, vegetables, and orchards' are grown and development pressures are high.
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Forecast & Trends

Increases in Crop-Related Production Expenses Should Level Off in 2012

After rapid rises in costs since 2002, total farm production expenses are forecast to rise $12.5 billion (3.9%) this year. This increase is far less than the $35.7 billion (12.5%) growth projected in 2011. The growth in crop-related expenses (seeds, fertilizer, pesticides), livestock-related expenses (feed, livestock/poultry purchases), and fuel and oil expenses are all expected to slow following a decade of very rapid expansion, though recent rises in diesel expenses may change this outlook somewhat.
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From the Desk of Dave Kanicki

Optimism on the Rise

It seems many North American farm equipment dealers are surprising even themselves when it comes to how sales are holding up through the first part of 2012.
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