WASDE: U.S. all wheat supply and demand estimates remain unchanged from last month

Dec 09, 2016

WHEAT: T he U.S. 2016/17 all wheat supply and de mand estimates are unchange d from November. The mar keting year average price received by pro ducers is unchanged at the midpoint, b ut the range is narrowed $0.20 per bushel to $3.60 to $3.80.

Global wh at production for 20 16/17 is raised 6.5 m illion tons led by a 4.7-million- ton increase fo r Australia, a 0.9-million-ton in crease for China, and 0.4-milli n-ton increases for both th e EU and razil. Higher area estimated b y ABARE S combined with a USDA ield proje ction that reflects ne ar ideal weather sup port the lar ge Australia production increase. Prior to this change, USDA had already p rojected a record Australia yield. However, the new yi ld is up 1 8 percent from the previous rec ord. Production incr eases for China, he EU, and Brazil are due to updated official data. Global exports are

increased

2.6 million tons. Australia expo rts are raised 3.5 million tons eflecting the large crop. Russia exports are lowered 1.0 million tons due to a slower-than-expected ace. Total consump tion is rais ed 3.3 million tons w ith higher food and feed and residual se. With supplies growing faster than u e, ending stocks ar raised 2.9 million to ns and

remain record large.

Video: Cheapest States to Buy Farmland in America

The United States has more than 895 million acres of farmland, which includes all rural land tied to farming operations, from highly fertile Midwest cornfields to vast grazing ranges in the West, as well as the undeveloped rural land, which is often sold as ranches, homesteads, or uncultivated lots. Nowadays investing in rural land is very lucrative even billionaires like Bill Gates, Jeff Bezos, and Warren Buffett have bought up thousands of acres of farmland across America. In contrast to investors, agricultural companies, and business moguls, some buy farmland for their own requisites, like starting a small farmstead, creating a cottage, and becoming self-resilient. In this video we have ranked the top cheapest states to buy farmland according to the per-acre land value, which is accumulated from the United States Department of Agriculture. The USDA’s per-acre land values come from an annual survey, which is cross-checked with actual sales data, appraisals, and market trends to ensure accuracy. So here are The top Cheapest States to Buy Farmland.