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11-19-2018 11:47 AM - edited 11-19-2018 11:57 AM
Well grain production is being beaten down to intollerable levels financially.
Cotton harvest is on in the sw.
Good luck to all following that path.
Land is selling today at phenominal rates for the Sw region..... (meaning lots of acres being offered) And the traditional props under the land values locally are not very sturdy. The sale bills are not encouraging because the emphasize the obvious issues we face........
1. Water ---(one sale of many in sw ks has 4k acres irrigated. 22 wells..... 7 are 250 gpm or less only 2 or 3 wells still have 1000 gpm)
2. Young farmers
3 "Middle class" successful farmers looking to grow
4 Stable Absentee owners who understand selling land is not winning the lottery.
5 Money availability and of course The cost of money (interest) which will deplete money sourcing drastically.
6 Faith in Agriculture..... imparative for producers and financial institutions...( lenders have placed a limit on the number of years on loans for irrigated land.)
Better news for the midwest....
1. California continues to implode in production agriculture(water mismanagement- spending on water infrastructure stopped by courts years ago.)......... good news for cotton, corn, and wheat midwest and nw.
2 Arizona water continues to deplete.
Ever notice how many good articles are published in JD"s advertising publication "The Furrow". ????
"Out of the Darkness" issue ---- exceptional.
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