Are Corn Prices Getting Ready to Rise? Read What Others Have to Say!

By
Real Estate Broker/Owner with Mike McCann - Broker, Farmland Broker-Auctioneer Serving Rural Nebraska

I have been reading a few articles recently Mike McCann Broker Corn Pile Nebraska Farm Land For Saleabout optimism in the price of corn and thatit may be heaading for an upward trend.

I am usually an eternal optimist so it is easy for me to jump on this bandwagon. In recent days the price has been edging up a few cents at a time.

Today prices took another upward trek and we are now around 3.946 for Dec 2017 corn before basis is removed. Still not high enough.

If we can get to the mid- $4.00 range it would be a good year for the farmers.  We have been down for over two years and I am certain that some cannot survive with another year of corn below $3.70  a bushel to the farmers pocket.  For some that may not be enough.

Read what others are thinking here:  AgUpdate.com corn demand for 4-13-17

and Here: Dtnpf.com The Progressive Farmer

 

Both of these sites have great information to keep up with farming trends and markets.

While most farmers would like to see the corn and bean and wheat prices continue to rise, there are some who would like them to stay low as they have cash in the bank and would like to buy farm ground.  Tight pockets means less bidders for that ground and thus softer land prices. I understand their thought process but for most farmers...I hope they can see the prices rise so they can make a profit this year...or they may be gone for next season.

There still are corn piles on the ground in Nebraska...and as long as those are there...we have too much corn available...and that will impact prices adversely.

Until next time...

 

 

Posted by

 

Mike McCann Nebraska Land Broker This has been Mike McCann...Nebraska Land Broker...Coming to you from the Farm Land of Nebraska and America!! Visit me at www.mikemccann.com to learn more about the agricultural and farm land for sale market. 

Many farms For Sale in Nebraska are not listed publicly...please call, text, or e-mail with your questions, wants, and needs!

Mike is your Ag, Farm, and Auction expert throughout Nebraska!

308-627-3700 and 800-241-3940 call or text me at these numbers

mike@mikemccann.com for easy e-mail access!!

 Mike McCann  Nebraska Farm Broker and Land Auctioneer

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Location:
Nebraska
Groups:
Active Rain Newbies
The Art Of Marketing You
LATE NIGHT - EARLY MORNING AT ACTIVERAIN
Cosmic Cow Pie...The Rome Way
Tags:
nebraska farm land for sale
mike mccann nebraska land broker

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
3,201,174
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Mike

Thanks for sharing the insight on the price of corn.

Good luck and success.

Lou Ludwig

Apr 14, 2017 08:07 PM #1
Rainmaker
535,804
Mike McCann - Nebraska Farm Land Broker
Mike McCann - Broker, Farmland Broker-Auctioneer Serving Rural Nebraska - Kearney, NE
Farm Land For Sale 308-627-3700 or 800-241-3940

Hi Lou Ludwig Thanks for stopping by. I was at the Huskers spring Game today...so I am a bit tardy getting back to you!! Have a great Easter!

Apr 15, 2017 07:26 PM #2
Rainmaker
1,107,332
Raymond E. Camp
Howard Hanna Real Estate Services - Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

Good morning Mike,

One thing I do not miss is being asked in the winter months is what should we plant next spring!

Make yourself an astonishing day.

Apr 17, 2017 07:12 AM #3
Rainmaker
1,411,855
Gary L. Waters, Broker Owner, Waters Realty of Brevard, LLC
Waters Realty of Brevard, LLC - Rockledge, FL
... a small office, delivering big service!

Your reference to The Progressive Farmer made me think of my grandfather when I was a child. He had a magazine subscription for something called The Progressive Farmer.

Apr 17, 2017 07:15 AM #4
Rainmaker
720,439
Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

Hi Mike,
I live in apple growing country so enjoyed reading your thoughts on corn prices.  THE agriculture magazine in this part of the country is The Good Fruit Grower.  

Apr 17, 2017 07:19 AM #5
Rainmaker
535,804
Mike McCann - Nebraska Farm Land Broker
Mike McCann - Broker, Farmland Broker-Auctioneer Serving Rural Nebraska - Kearney, NE
Farm Land For Sale 308-627-3700 or 800-241-3940

Good Day...  Raymond E. Camp 

I do get that question asked but it is more like this... "what are you hearing out there McCann?"  Years ago a few older guys always called me by my last name..and now a whole lot more do.  

What I am hearing is more beans have been forward contracted and less corn for 2017.   The farmers are upside down on corn by about 25 to 35 cents a bushel. If that would flip around...everyone could make a living.    Thanks for stopping by!!

Apr 17, 2017 07:30 AM #6
Rainmaker
535,804
Mike McCann - Nebraska Farm Land Broker
Mike McCann - Broker, Farmland Broker-Auctioneer Serving Rural Nebraska - Kearney, NE
Farm Land For Sale 308-627-3700 or 800-241-3940

Hi Gary L. Waters, Broker Owner, Waters Realty of Brevard, LLC 

Yes...probably one and the same. The Progressive Farmer is still out there and I get the online version.  It is one of my favorite resources as they have a wide variety and timely articles on the farming community. 

Thanks for the comment and for stopping by!!

Apr 17, 2017 07:32 AM #7
Rainmaker
535,804
Mike McCann - Nebraska Farm Land Broker
Mike McCann - Broker, Farmland Broker-Auctioneer Serving Rural Nebraska - Kearney, NE
Farm Land For Sale 308-627-3700 or 800-241-3940

Hi Carol Williams   My wife is a professional apple eater.  She eats a minimum of one a day.  I suspect they come from your neck of the woods.  I have not heard of your magazine but I will look it up.  I learn so much from the articles in these magazines whether online or in print...and they make me much more valuable to my clients and potential clients.  Thanks for stopping by!

Apr 17, 2017 07:34 AM #8
Rainmaker
720,439
Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

Hi Mike McCann - Nebraska Farm Land Broker ,  Knowledge is sooo important and gives you unabashed confidence in your business, doesn't it?  By-the-way, my late husband was a tree fruit scientist and was often quoted in the Good Fruit Grower.  

Apr 17, 2017 07:39 AM #9
Rainmaker
535,804
Mike McCann - Nebraska Farm Land Broker
Mike McCann - Broker, Farmland Broker-Auctioneer Serving Rural Nebraska - Kearney, NE
Farm Land For Sale 308-627-3700 or 800-241-3940

Carol Williams   Knowledge is power.  Thoughts on your late husband and glad he had great career.  

Apr 17, 2017 07:53 AM #10
Rainmaker
720,439
Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

Thank you very much Mike McCann - Nebraska Farm Land Broker .

Apr 17, 2017 08:24 AM #11
Rainmaker
3,914,921
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

Hi Mike McCann - Nebraska Farm Land Broker staying on top of the status of grains produced in your area has a great influence on your business of selling farmland.... just as the cost of building materials and types of materials influences what my niche....

Apr 17, 2017 09:43 AM #12
Rainmaker
1,055,178
Kat Palmiotti
Grand Lux Realty, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

Thank you for this information! Wow, you are "this" close to 500K!

Apr 17, 2017 10:19 AM #13
Rainmaker
535,804
Mike McCann - Nebraska Farm Land Broker
Mike McCann - Broker, Farmland Broker-Auctioneer Serving Rural Nebraska - Kearney, NE
Farm Land For Sale 308-627-3700 or 800-241-3940

Hi Barbara Todaro Most of the farmers I know do know the markets but their spouses may not. I post to FB a lot and a large number of my followers are farm wives.  They have told me that sometimes it is easier to see what is going on through me than their spouses...and we all know that is true in many industries so I am glad I can help them.

I also believe that the wife is the one who will pick who they use to buy and sell real estate.  And I am okay with that as well!!  Thanks for stopping by!

Apr 17, 2017 10:30 AM #14
Rainmaker
535,804
Mike McCann - Nebraska Farm Land Broker
Mike McCann - Broker, Farmland Broker-Auctioneer Serving Rural Nebraska - Kearney, NE
Farm Land For Sale 308-627-3700 or 800-241-3940

Hi Kat Palmiotti Thanks for stopping by for the boost.  Yes..it will happen today. Of course I am writing the customary 500k memorial blog.  Watch for it soon!

Apr 17, 2017 10:33 AM #15
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
535,804

Mike McCann - Nebraska Farm Land Broker

Farm Land For Sale 308-627-3700 or 800-241-3940
Ask me about Nebraska Farm Land
*
*
*
*
Spam prevention

Additional Information