Eastern South Dakota had a remarkable crop last fall in spite of drought conditions. Those conditions haven't changed over the winter. Driving west from the Twin Cities to S.D., one sees the volume of water standing in tilled fields decline the farther west one drives. Eastern S.D., and I assume the rest of state, received very little snow and what did come usually blows off the fields. Springs field work will likely be early there.
Commodity prices are high. They are offset by higher fertilizer and fuel costs. Likely many farmers contracted for fertilizer last fall before the price increase, some may also have done that for fuel. That's an expedient that helps for this crop season but will not be available again. Land prices continue to climb. 80 acres of Lincoln Co. land, south of Sioux Falls, sold for $17,700.00 an acre. A banker told me that local prices have increased 20% a year. Persistent drought? what will that do to the value of land?
Takk for alt,
Al
I'm keen to visit my grass!
No comments:
Post a Comment