Farmland value drop hits farmers needing loans in Iowa
Iowa State University farmland value survey shows a 30.2 percent drop, the steepest since 1942, hurting borrowers who must post more collateral for planting time loans. Farmers like Barickman warn distressed sales and investors’ limited activity shape the market as land values fall and used equipment prices slide.
MENTIONED IN THIS ARTICLE
al Swegle
Azette
Iowa State University
Nancy Barickman
Mount Vernon
Barickman
Cedar Rapids
ISU
Federal Reserve Bank of Chicago
Iowa
Gary McCool
Hertz Farm Management
The
Gazette
McCool
Farm Credit System
Federal Land Bank Associations
Roger Stigers
Byers and Hoppel
Stigers
Farm bill passage shifts toward market-oriented approach
The House approved the farm bill 325 to 96 and the Senate 55 to 38 amid debate over price supports and a five-year term. The package includes a two-year price freeze, later 10 percent cuts, dairy retirements, conservation shifts, trade and credit provisions, and extended food stamps and research programs.
MENTIONED IN THIS ARTICLE
House
Senate
E “Kika” de la Garza
Texas
Farm Credit Administration
Farm Credit System
Secretary of Treasury
White House
U.S
USDA
Congress reaches fragile budget pact amid ASAT and defense cuts
Congress votes to keep cigarette tax through today as House and Senate negotiators reopen talks after a rejected spending plan. The agreement limits defense spending cuts to 1.3 billion and ends a chemical weapons ban in favor of authorizing binary nerve gas production, while phasing out Synfuels and freezing two oil shale projects. Senate backtracks on raising drinking age incentives and trims Coast Guard funding, prompting sharp exchanges over budget priorities.
MENTIONED IN THIS ARTICLE
House
Senate Committee
Senate
Pentagon
Synthetic Fuels Corp
Congress
William Armstrong
Colorado
Jake Garn
Utah
Garn
Synfuels
Silvio Conte
Rmass
Coast Guard
Los Angeles
Senate Appropriations Committee
Mark Hatfield
House- Senate
Iowa Farmland Values Fall Across Nine Regions
An ISU survey shows nine regional declines in Iowa farmland values led by northeast and central areas with average prices per acre dropping from 967 to 1303 dollars. Analysts warn of tightened borrowing and potential forced land sales without federal aid as banks reassess collateral.
MENTIONED IN THIS ARTICLE
Iowa
Jolly
Scott County
Decatur County
Northcentral
Also Mentioned on This Page
BILLS
Block
Southeast
Southwest
Neil Harl
Harl
Hart
Peppertree
Coventry Gardens
1St Ave
Wusich
Eagle
Lindale Mall
Lorraine
Lee Rider
Hawkeye Apparel
Kricks
Thirty-Second Street and
Oakland Rd
N.E
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