Jamie talks with Al Giese, a farmer in O’Brien County, Iowa, where record-setting land prices are the talk of the area. A dry summer means corn on corn yields are taking a hit, but prices remain high because of extreme demand due to ethanol and feed lots in Iowa.
Want more? Check out this Ag Web article:
https://www.agweb.com/news/business/farmland/new-record-iowa-farm-joins-26000-acre-club
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Episode Topics:
0:00 Welcome to The Water Table Podcast
0:33 Al Giese, Farmer in Northwest Iowa
1:10 Soybean harvest – done!
1:17 Corn harvest – 2/3 done, but the wind is wreaking havoc
1:30 Yields lag behind last year thanks to a lack of moisture
3:00 Variable yields; corn, 175-210 bushels per acre; soybeans, 55-65 bushels per acre
3:18 Corn on corn takes a big hit
4:04 Revenue per acre is still strong
4:30 Ammonia application – a big question mark
4:45 An on-time spring, but very spotty moisture
5:45 Next year – prices look good but input costs are up
7:00 Export demand is lagging, the Mighty Mississippi is low
7:45 The 3-legged stool in agriculture: exports, livestock and biofuels, especially ethanol
8:37 Biggest concern is subsoil moisture
8:55 Record land price set in Western Iowa, $26k per acre
10:35 Who is buying – investors or farmers?
12:30 Challenges and benefits
12:55 Wrapping up – have a safe harvest!
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