In the same period, land asset values for farmers rose 35

farm land seen despite tumbling grain prices

official canada goose outlet CHICAGO, Sept 7 (Reuters) David Fullington paid a price of $13,600 an acre for a 200 acre (81 hectares) farm in Illinois within buy canada goose jacket cheap the last year and says he and his partners would probably bid again for prime land that is in tight supply, despite tumbling grain prices. official canada goose outlet

canada goose outlet toronto factory regrets at all, Fullington said of the purchase of his neighbor land, now farmed by a son of one canada goose factory sale of his partners. seldom do you get an opportunity to buy something right next door to you. There always a little extra value there for you. canada goose outlet toronto factory

canada goose outlet canada In the 1980s, sharp falls in corn and soybean prices hit farm incomes hard and land prices tumbled, hurting the rural economy in the world biggest grains producer. The pain spilled into the financial sector as defaults on loans pegged to farmland values rose. farmland prices are already canada goose coats up 8 percent as of Aug. Department of Agriculture (USDA). canada goose outlet canada

They expect values especially for prime farmland to hold near record highs even though corn and soybeans are at four year lows.

canada goose outlet black friday The reason? Farming families like the Fullingtons have money from recent canada goose store boom years to invest into assets they think cheap canada goose uk give long term value. Levels of debt Canada Goose Coats On Sale are also lower than in the 1980s. canada goose outlet black friday

And after five years of record grain prices, led by corn on the back of booming biofuel demand, and export demand led by China, farmers have enough wealth to weather this fall. All time high harvests that triggered the slide also provides a cushion cheap Canada Goose as there are more crops to sell.

canada goose outlet shop Government crop insurance programs, boosted again uk canada goose in the latest five year Canada Goose sale farm bill signed in February, have also given grain farmers added protection. canada goose outlet shop

canada goose outlet store New demand is coming in too. Livestock producers are seeking more grazing land as they rebuild herds after years of drought and are benefiting from record cattle prices. canada goose outlet store

canada goose outlet store uk agricultural sector has been highly profitable so you still have a lot of money out there, a lot of wealth, canada goose uk shop said Nathan Kauffman of the Kansas City Federal Reserve, who oversees the bank quarterly survey of Plains crop land prices, which are up 6 percent this year. canada goose outlet store uk

canada goose outlet parka DODGING THE TSUNAMI Farmland acts as the main collateral for farm loans and amounted to $2.45 trillion or 85 percent of farmer assets in 2014, up from 79 percent in 2010, canadian goose jacket according to the USDA latest data. In the same period, land asset values for farmers rose 35 percent, extending a decade long climb, interrupted only briefly in 2009 during the global financial canada goose clearance crisis. farm management company and top Canada Goose online auction house in the country, based in Omaha, Nebraska. canada goose outlet parka

He said spring auctions saw Canada Goose Jackets 90 percent of properties sold on the day of uk canada goose outlet auction and 95 percent in the same week.

don see that Canada Goose Outlet deteriorating a lot, Farrell said.

canada goose outlet jackets Just two weeks ago, a farm in the country top crop Canada Goose Online state of Iowa fetched $14,100 per acre just below last year record when corn prices were much higher, according to Randy Hertz of Hertz Farm Management in Nevada, Iowa. canada goose outlet jackets

canada goose outlet online really surprised me how strong that was, Hertz said. canada goose outlet online

canada goose outlet reviews Farmland buy canada goose jacket auctions take place throughout the year but autumn is the busiest season as crops are harvested and the end of the tax year looms. canada goose outlet reviews

canada goose outlet new york city Farmers make up the canada goose uk black friday bulk of buyers, both to work the land themselves and as an investment to be managed or rented out. canada goose outlet new york canada goose outlet city

canada goose outlet online uk An Iowa State University study in January showed farmers made up 80 percent of buyers of farmland in the top corn and soybean growing state, 18 percent were investors including farmers buying land to be managed and the remaining 2 percent were other buyers such as churches and non profit groups. Iowa does not allow big corporations or partnerships to own land, with most farmland owned by couples or individuals. canada goose outlet online uk

goose outlet canada talk about institutions investing in farmland but we are still a small fraction of what is happening in the marketplace, said Jeffrey Conrad, head of investment firm AgIS Capital which advises farmland buyers and hedge funds. goose outlet canada

canada goose outlet in usa definitely see downward pressure, clearly 5 10 percent you could see, said Conrad, adding that most investors were waiting on the sidelines and while there could be some softening he expected no crash in months ahead. you saw any real downward pressure on values, there enough capital on the sidelines to support it. They will come back into the market if the values start to fall. canada goose outlet in usa

canada goose jacket outlet Fullington said he and his partners were not ignoring lower crop prices or the outlook for interest rates to tick higher in the next 12 months as the Fed trims canada goose black friday sale its bond buying. canada goose jacket outlet

canada goose outlet that short term, he said. the long term personally I think there no better investment than farm land. (Reporting by Christine Stebbins; Editing by Jo Winterbottom and Tomasz Janowski) canada goose outlet.