Farmland Owned by Insurance Firms Surges in Midwest States
A Land Stewardship Project study shows insurance companies hold far more farmland nationwide, led by Illinois Wisconsin and South Dakota gains. Wisconsin up 89 percent to 14.2 million dollars in acreage, Minnesota and Nebraska doubles, Iowa and South Dakota rise sharply, while Missouri and Illinois show varied results.
MENTIONED IN THIS ARTICLE
Wisconsin
South Dakota
States
Illinois
Iowa
Minnesota
Nebraska
Ninth District report improving conditions for agriculture
The Ninth Federal Reserve District shows signs of turning upward with 52 percent of Midwest bankers reporting higher first quarter farm income. Reasons include government farm programs and livestock profits, while land rents and input costs contributed to lower prices and stable rates. The St. Paul Farm Credit Services sold 357,180 acres in Q1 with 2,241 offers totaling 176.5 million dollars, and 90 percent of land bought at 104 percent of appraised value. Progress continues on the district’s Business Recovery Program with thousands of borrowers reached or settled.
MENTIONED IN THIS ARTICLE
Ninth
Federal Reserve Bank
St. Paul
FCS
Also Mentioned on This Page
Stillwater, Minn
Land Stewardship Project
Stillwater
Farmers Home Administration
Federal Land Bank
Sioux Falls Argus Leader
Mark Schultz
Leo Rasmussen
Metropolitan Life Insurance Co
Overland Park, Kan
Metropolitan Life
Connecticut Mutual
Northwestern Mutual
John Hancock Mutual
Fmha
Ron Kroese
Millville
Minn
Ed Hauck
Mr. Kroese
Kris Querembo
Rasmussen
Minneapolis
Midwest Agricultural States
First- Sap
Federal Reserve
Stanley L. Graham
St. Paul, Minn
Deutz Allis
Deutz
Wausau
Shin
Apecia
Industrial Equip
Pettibone
Bangai
John Deere
Allis Chalmers
Gofner
Clarco Industrial
Nice Ferguson
Fornell
White
Ford
Oliver
Sharp Lesley Foresen
Wilbeck
Nice
Krause
Pittsburg
Haybines
Clean
New Holland
International
Howard
Choice Farmhand
Hi-Co
Fred Cain
Sharp Massey Ferguson
Allis Chalmers Gleaner
Sharp
Coxes
Brillion
Cultipackers
United ‘Rock Harvester
Anderson Pio Rock
Picker
Owatonna
Paris
Martin
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