With the agricultural commodities pricing boom comes a host of other market realities. One of these is cropland values, which have increased steadily since the 2020 harvest. Rental costs for farmland in turn have risen considerably for the 2021 cropping season. The entire market is supercharged by high grain prices, primarily driven by a favorable supply and demand picture. Government program payments, crop insurance, and historically low interest rates has provided added impetus to farmers to snatch up acreage.
The increased operational cost to farmers is one thing, but the competition for good ground can be fierce in farm country. Conventional hempseed producers looking to farm leased ground in 2021 may abandon their rental plans if increased rent payments make enough of an impact on returns, which it will for producers expecting $.55/lb for their crop.
Certified organic ground is routinely…
11.22.2024
Biodiesel margins rise, but window of opportunity limited
Biodiesel margins continued to rise during the week to Friday November 22. The bean oil/heating oil (BOHO) spread boosted margins by falling to its lowest level since August 27.
11.22.2024
Gulf prices average higher despite weeklong declines in SBO
For the week ended Friday November 22, packer bleachable fancy tallow (BFT) remained unchanged from the previous week’s average, while Gulf Coast-delivered tallow rose 2.7%, primarily...
11.22.2024
Bloodmeal largest price mover week on week; November cattle on feed higher
US animal protein prices were mixed to mostly higher for the week to Friday November 22, with only meat and bonemeal showing a slight price reduction due to tighter...