August 10, 2008
Written by:
Prairie State Bank & Trust
Wow, what a week in the ag industry. There has been a whirlwind of information flying past our eyes and ears over the last few days. We've watched the commodity markets retract almost $.40 cents on nearby corn futures and almost a $1.00 for nearby soybean futures. We are seeing $900.00 per ton for Potash, $1,100.00 per ton for DAP and NH3 in the neighborhood of $1,000.00 per ton, with the seed companies talking that they will follow suit for the 2009 crop year. As a silver lining to the
Despite the retracting commodity markets and ever-increasing input costs, we have appearances of +$500.00 per acre cash rents from a few of the big players across central
Given the overall outlook on all of these factors, many still believe that it remains an attractive time to add some farmland to your investment portfolio.
