Results of an annual land values opinion survey show that land prices in Missouri have continued to climb. However, the survey suggests a slowdown in the next year. “The average value of good cropland by our survey was $4,510 per acre,” said Ron Plain, an MU Extension agricultural economist and D. Howard Doane Professor of […]
Tag: Ron Plain
Survey suggests slowdown in land price increases
Farmland prices are well above average trends
Low mortgage rates and record income per acre may be driving farmland values higher than is sustainable.
Cash strapped consumers are eating less meat
Tighter household budgets, higher grocery prices, fewer animals on the market and more meat going to foreign countries are causing the average U.S. consumer to eat less meat and poultry, according to a University of Missouri professor of Agricultural and Applied Economics.
The July Fourth holiday is the most popular grilling period of the year, and Americans will find the 191 million pounds of hamburgers and juicy steaks purchased will cost about 10 percent more than last year.