Storms and hard freeze threaten corn and soybeans
A hard freeze is forecast across a significant portion of the western Corn Belt, with 14 percent of the U.S. corn crop and 5 percent of the soybean crop at risk of freeze damage, said forecaster Maxar on Wednesday.
Farmland values decline for first time in seven years
The average value of farmland including all land and buildings dipped $10 to $3,010 per acre acre in 2016 from a year earlier, the first such decline in the U.S. since the recession of 2009, the USDA National Agricultural Statistics Service reported in its annual Land Values Summary. Land values have been pressured by booming harvests and falling crop prices.