Outlook for Texas Land Markets. It’s been a great conference in San Antonio this week. Currently, Joe Outlaw is discussing the changes to the Farm Bill. Six Clift Land Brokers representatives are here at the conference. Just another way for us to stay up on land issues and continue being the Land Experts. Why would you go any place else for your farm and ranch real estate needs?
Annual Land Report Dec 2014 by Mike Walsten, Editor, LandOwner Newsletter. Farmland demand cooled throughout 2014 as commodity prices continued their two-year-long decline into major lows this fall. The slide sliced farm incomes significantly. Forecasts call for additional declines in farm incomes in 2015, and possibly beyond. Read entire report here
Strong Dollar Weighs on Rural Economy. Rural bankers saw a continued decline in both the rural economy and farmland prices over the past month. The strong U.S. dollar is making U.S. corn less attractive on the global market. The glut of corn and soybeans harvested in 2014 continues to weigh heavily on their respective prices. The stabilization of U.S. farmland prices has increased investor interest in farmland with investors purchasing a slightly larger number of acres than eight months ago. The Rural Mainstreet Index (RMI), an index which ranges from 0 to 100 with 50.0 representing growth neutral, …READ MORE Our …