Despite another year of falling farm income, land values remain steady to slightly softer in eastern North Dakota and northwest Minnesota. “There have been a few pockets where a lot of land is on the market,” says Jayson Menke, broker, Acres & Shares.
Menke attributes the strong values to a limited supply of land currently on the market. Top quality ground continues to hold its value better than the average ground. “Even though there are some farmers struggling financially, there are still people who have money from the ‘boom years’ and are still able to buy land.”
USDA Deputy Secretary of Agriculture Stephen Censky came back to his home state of Minnesota and met with state farm leaders on Tuesday. States like Minnesota and North Dakota, which are more dependent on exports, will see that reflected in the new Market Facilitation Program payments.
“It is based on the calculated impacts on trade per commodity.” says Censky. “That is totaled up together with all the commodities within a county, including how much is produced in each county, and that will determine the county rate. So yes, there will be differences between counties.” The country rate structure has not been announced and that may not happen until after the Farm Service Agency certifies acreage in mid-July. “Our goal is have it available right around or shortly after the USDA acreage report.”
President Donald Trump has issued a disaster declaration for North Dakota and Minnesota. The declaration covers winter weather and flooding conditions that occurred in the states, triggering the release of Federal funds for recovery. Nineteen North Dakota counties and 51 Minnesota counties can now access assistance for repair or replacement of disaster-damaged facilities.
With the spraying season underway, the North Dakota Department of Agriculture is reminding farmers and applicators of the Special Local Needs label for use of dicamba. Only those certified can apply FeXapan, XtendiMax and Engenia herbicides over the top, with application allowed one hour after sunrise to two hours before sunset. The label allows for spraying in North Dakota up to June 30 or R1 stage, whichever comes first.
The Minnesota Department of Agriculture is maintaining the June 20 state-specific deadline for dicamba application. The late planting date has caused concern for farmers who want to use dicamba, but Minnesota Agriculture Commissioner Thom Petersen says a delayed application can result in poor weed control and other risks.
Warm and dry weather is allowing farmers to get the dry edible bean crop in the ground. Kelley Bean Company general manager in Minnesota and North Dakota John Bartsch says the start of planting was later than usual. A few acres have been switched from soybeans to dry beans. Get the details in this week’s Dry Bean Scene on the Red River Farm Network.
Norman Krause of Nisswa, Minnesota was reelected to serve a three-year term on the Minnesota Dry Bean Research & Promotion Council. Krause has served as a director on the Council for nine years and also chairs the Northarvest Bean Growers Association research committee.
Minnesota Governor Tim Walz’s first budget calls for a simplified tax code for farmers that will conform to the Section 179 expensing in federal law. The proposal also cuts taxes by $220 million for state farmers and small businesses. Walz is also seeking a 20 cent gas tax increase to fund road and bridges. A border-to-border broadband program is also included in the Walz proposal.
With the announcement and next week’s economic forecast for the state, the Minnesota Legislature will begin working on budget bills for the biennium.
Northarvest Bean Grower – Our Mission:
NHBGA, growers representing growers through the check-off system, is North America’s largest supplier of quality dry beans. Working together to better the industry through promotion, research, market development, education of consumers and monitoring of governmental policy. Our future goals must be continued market exposure and careful monitoring of new ideas, consumer choices, and producer needs.
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