Walking Away Farmer StyleThe price of corn is at a price seen in late 2006, wheat late 2005, and soybeans 2004. Land prices, lease prices, equipment prices, and fertilizer are much higher.This has put the squeeze on many farmers, especially those who lease land. The result is best described as "walking away farmer style".Please consider Rent Walkouts Point to Strains in U.S. Farm Economy
Anger, frustration and a hunger for revenge are running high among US Marines as casualties mount on the frontline of the battle against the Taliban in southern Afghanistan.On a base near Marjah, a Taliban stronghold in Helmand province, Marines are grieving the deaths of a sergeant and corporal killed by the remote-controlled bombs that have become the scourge of the long-running conflict.
Oil prices have gone down significantly following lower demand in Europe and China, coupled with a supply glut in US, and have dipped 32% from this year’s peak. Various analysts have conflicting views regarding future prices of the two crude oil benchmarks, Brent crude and West Texas Intermediate (WTI).
One of the bigger asset bubbles in recent US history has nothing to do with stock, bonds or commodities, and unlike the real estate bust of 2007 (which has since rebounded only for the ultra-luxury segment), barely batted an eyelid during the Great Financial Crisis. Curiously, it was not until early this decade that the institutional money even noticed said bubble, something he discussed in October of 2010 when we profiled TIAA-CREF's investment in this particular asset class.
By Greyson S. Colvin:High commodity prices and net farm income have driven U.S. farmland values to record highs. The Federal Reserve Bank of Chicago reported that farmland values rose 13% over the last twelve months. Strong demand for farmland from farmers and investors has led to some irrational prices, including a $21,900 per acre sale in Sioux County, Iowa.