As prices for corn, soybeans and other U.S. agricultural crops soar, the cost to buy the land they are grown on is rising as well,
Farmland values in the 10th District of the central United States are climbing at their fastest rates since the 2008 boom, the Federal Reserve Bank of Kansas City said Tuesday.
Prices climbed 14.8% for irrigated cropland and rose 12.9% for non-irrigated land in seven states in the fourth quarter of 2010, compared to the same period in 2009, the bank said in a report on its Web site. The gains stand in stark contrast to the prices of homes and commercial real estate in a region where manufacturing job losses have held the economy in check.
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Farmland Prices Riding High on Ag Commodity Surge
What Do Oil, Gold and Orange Juice Have in Common? Some Hefty Possible Profits
"So what do you expect from the commodity markets in 2010?" If I had a dollar for every time I've been asked this question over the past few weeks, I'd be able to buy myself an ounce of gold. But allow me to tell you the same thing that I've told my friends and colleagues: […]
Cold Snap Lighting a Fire Under Energy Complex and Agri-Commodities
A relentless surge of cold weather is slamming nearly every country in the Northern Hemisphere, disrupting travel, threatening crops and driving energy and commodity prices higher as investors look for ways to cash in.
In the United States, crude oil is trading near a 14-month high. Natural gas and heating oil prices have also surged, as the U.S. shivered under the onslaught of an arctic express that sent temperatures plummeting below zero across two-thirds of the country. Even Florida growers try to protect orange groves from overnight freezing temperatures.
The cold snap is one of the nation's most widespread since January 1985, according to meteorologists at Accuweather.com. While the cold is expected to ease slightly starting Thursday, this winter is on track to be one of the coldest in the past two decades, Ken Reeves, director of forecasting operations at Accuweather told The Wall Street Journal.
In the United States, crude oil is trading near a 14-month high. Natural gas and heating oil prices have also surged, as the U.S. shivered under the onslaught of an arctic express that sent temperatures plummeting below zero across two-thirds of the country. Even Florida growers try to protect orange groves from overnight freezing temperatures.
The cold snap is one of the nation's most widespread since January 1985, according to meteorologists at Accuweather.com. While the cold is expected to ease slightly starting Thursday, this winter is on track to be one of the coldest in the past two decades, Ken Reeves, director of forecasting operations at Accuweather told The Wall Street Journal.
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