Kevin is a former Professor of Economics at the University of Maryland and Montana State University focusing on commodity markets. As an analyst, Kevin's unique commentary on cash markets can be seen weekly on Bloomberg, Dow Jones, Reuters and other publications.
Executive Summary The price of farmland in Illinois grew 25% year-on-year, commanding more than $10,300 per acre. This follows a 5% increase in 2021., High valuations brought a historically significant volume of acreage to the market in 2022, surpassing the previous record in 2021. These increases w
Executive Summary The price of farmland in Minnesota grew 25% year-on-year, commanding more than $6,200 per acre. This follows a 12% increase in 2021., High valuations brought a historically significant volume of acreage to the market in 2022, surpassing the previous record in 2021. These increases
Executive Summary The price of farmland in Iowa grew 17% year-on-year, commanding more than $11,100 per acre. This follows a similar 17% increase in 2021., High valuations brought a historically significant volume of acreage to the market in 2022, surpassing the previous record in 2021., These incre
Grain prices at the start of 2023 continue to be elevated at historic highs. Since the early days of the COVID pandemic, U.S. grain markets have soared, nearly doubling in the past two years. While prices at the end of 2022 are below the highs set in the spring, conditions heading into 2023 should s
Infrastructure Impacts from Climate Change: An Examination of the Mississippi River The Mississippi River is a vital resource for U.S. agriculture connecting farm products in the Midwest to export terminals at the Louisiana Gulf. Roughly 60% of all US corn and soybean exports flow to the Louisiana G
[FBN Members: Click here to access the September 2022 U.S. Corn & Soybean Yield Forecasts Report ] [Not an FBN member yet? Click the link above and create a free FBN account to unlock the report.] The USDA released their most recent Crop Production report on August 12, 2022, based on initial survey-
The 2022 growing season has seen U.S. farmers facing many critical challenges with late planting, record-setting heat, persistent drought and regionalized flooding. The result has led to sub-par growing conditions in many key growing regions. USDA will release their first survey on U.S. corn and soy
[Learn more about how the economic shocks of 2022 are affecting farmland values in our recent FBN ® Research report. Unlock the free report today. ] Since 2020, U.S. farmland values have been increasing thanks to rising grain prices and low interest rates. Yet ominous warning signs surround us in to
Another big USDA report, and another moment where many commodity analysts were caught off guard about acreage estimates. Heading into the June Acreage report, traders collectively believed USDA might increase corn acres by 400,000 from USDA’s 89.5 million estimate in March. Conversely, the trade exp
After a steady climb over the past six months from $5.50 to $7.50 a bushel for the bellwether December 2022 futures contract, the past three weeks have seen relative choppy trade keeping prices hovering around the low $7 mark. USDA’s acreage report at the end of June along with US growing season wea