Agricultural 2022 Ecomonic Outlook

The agriculture sector of the U.S. economy appears poised for another strong year in 2022 amidst the backdrop of continued healthy overall economic growth. MetLife Investment Management (MIM) forecasts continued broad economic expansion, although there are lingering concerns regarding elevated inflation levels. Growth in spending on goods during the pandemic and sustained demand for food, fuel, and fiber have pushed agricultural commodity prices up and raised net farm incomes to levels not seen since 2013. Even if interest rates move from historic lows next year in response to elevated inflation, we believe the strong Ag economy is likely to persist, …

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Yes you can buy farmland with your ira

by Mike Downey https://www.farmprogress.com/commentary/yes-you-can-buy-farmland-your-ira Most people I work with own farmland, and many of them also own some type of retirement IRA. In transition planning, there is also a financial component to review what the income sources are during retirement. There is no doubt retirement funds invested in the stock market have performed very well over the last decade. However, as retirement nears the mindset about the stock market often changes and causes some to question whether there are other investment alternatives available for their funds. ‘I wish I could buy a farm with my IRA’This is a common expression …

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Clift Land Brokers Donates to Area Schools

George Clift, ALC, owner of Clift Land Brokers, and Gary Sutherland, Associate Broker of Pampa, were in the area on Friday handing out checks to Miami and Canadian schools.  Several months ago, Clift Land Brokers was hired by Salem Abraham to sell the 12,160 acre Christie Ranch in Roberts County. Earlier this month, that ranch was sold to Travis and Kylee Chester. “George and Gary did a great job selling the ranch” commented Salem Abraham, “and I think we all had fun working together.” George Clift said, ”After closing the ranch deal, Gary and I wanted to do something to …

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