Pictured below are five model B John Deere’s and one Farmall model H International Harvester that have been beautifully restored in Clarkfield, Minnesota. John Deere began producing the model B in 1934, and IH began producing the model H in 1939. These were the some of the most popular tractors of their time and helped turn the U.S. into the largest agricultural producer in the world.

OLYMPUS DIGITAL CAMERA

Remember, we are always looking for agricultural pictures from anywhere in the world. Submit pictures to farmlandforecast@colvin-co.com

Forecasts for the coming weeks suggest above average temperatures and below average rainfall. Following crop condition reports that are at their best levels since 1994, the weather could put significant pressure on soybean conditions as they enter their pollination stage. Grain prices have fallen significantly in the past few months due to potentially record breaking production from both corn and soybeans this year. ...continue reading

(WSJ) The U.S. government wants to phase out thousands of railroad tank cars that carry crude oil and ethanol within two years, as part of proposed rules to upgrade safety for trains carrying flammable fuels.

Tens of thousands of these older DOT-111 tank cars will have to be replaced or retrofitted under the proposed rules, announced Wednesday. That is a faster deadline than Canada's three-year timeline to upgrade or phase out the railcars used to carry oil, ethanol and other hazardous liquids. ...continue reading

(TheNewYorkTimes) His boots were caked with mud when Thomas S. T. Gimbel, a longtime hedge fund executive, slipped in a strawberry patch. It was the plumpness of a strawberry that had distracted him.

Mr. Gimbel, who once headed the hedge fund division of Credit Suisse, now spends more time discussing crop yields than stock or bond yields. ...continue reading

(FarmIndustryNews) Last week at the Precision Aerial Ag Show I had the opportunity to talk with folks about a lot of things. I also got a look at a substantial corn crop on my drive from Bloomington to Decatur. With corn slipping below $4 on the Chicago Board of Trade, and continued predictions for a bumper crop, there’s some concern about income. Yet, folks looking at new technology see the value of investing for the future. ...continue reading

Warmer weather is forecasted for this week with highs to be above average throughout the Corn Belt which is conducive to corn pollination. The heavy rain seen in the northern corn belt has left many concerned about nitrogen leaching. Some farmers reapplied nutrients if they were able to get in the field. As a result of leaching, corn has been reported stunted in some areas. ...continue reading

High production expectations for this year’s crop has resulted in a decline in grain prices that has slowed the growth of the rural economy. Despite planting being delayed and monsoon type conditions in areas throughout June, the USDA is confident that this year’s crop will yield an average bushel per acre (BPA) of 165.3, 0.36% above the record set in 2009. The fall in grain prices has led to slower growth in the rural economy compared to last month, and a gradual decline in cropland values. ...continue reading

This picture comes from a property in western Minnesota with a mix of wheat and alfalfa growing. What is unique about this field is that it is being transitioned from a conventional row crop property to an organic row crop property. The transition takes three years and the operator needs to follow strict guidelines before the property will be certified organic. Demand for organic food is growing and according to the Nutrition Business Journal U.S. sales of organic products will reach $35 billion in 2014, up from $28.4 billion in 2012.

POW Organic Field

Remember, we are always looking for agricultural pictures from anywhere in the world. Submit pictures to farmlandforecast@colvin-co.com

 

(WSJ) In a bumpy year for commodities markets, some investors think they have hit on a winning strategy: Wait it out.

Extreme weather and an uncertain economic outlook have sent prices for commodities ranging from coffee to natural gas to soybeans on a wild ride this year. In many of these markets, the cost for commodities delivered today is higher than months from now. That is opening up a number of ways for investors to profit. ...continue reading

(PopularScience) Later this year, the U.S. Department of Agriculture may approve the Arctic Granny and Arctic Golden, the first genetically modified apples to hit the market. Although it will probably be another two years before the non-browning fruits appears in stores, at least one producer is already scrambling to label its apples GMO-free. ...continue reading