On Friday, I left the rolling hills of Columbia, Mo., and headed northwest, to the flat farmland of Saline County. The purpose of the drive was to get a look at the priciest cropland in Missouri for a story I'm doing on how investors with no connection to farmland are increasingly interested in buying acreage in the Midwest. I had heard from farmers and real estate brokers that cropland values were at all-time highs in the Corn Belt, and incredibly many of the tracts of land are being paid for in cash.
There’s a new kind of gas on the market, with more ethanol in it than the gas we usually put in our cars. That’s beneficial for corn farmers who grow the corn that ethanol is made from and want more of it in your gas. But while the ethanol industry fought for years to bring this fuel to the market, now that they’ve won… good luck finding it. Even in Corn Country, pickings are slim.
The presidential candidates have yet to meet in a face-to-face debate. But last week in Des Moines, Iowa, ag leaders witnessed a preview of sorts during a Presidential Forum on Agriculture held in advance of the annual meeting of the National Association of State Departments of Agriculture.
Heavy rains from Hurricane Isaac provided relief to some – but not all – farmers and ranchers in the drought-stricken Midwest, according to the U.S. Drought Monitor’s weekly report, which came out on Thursday.