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FARM FINANCES

A recent $30,000 per acre land sale in Sioux County, Iowa, sends signals into the land market in North Dakota, South Dakota, Minnesota and even as far away as Indiana.
Qualified Minnesota farmers will receive dollar-for-dollar matching money to purchase farmland.
University of Minnesota Extension is offering three free family retreat weekends in 2023 to help guide the farm transition discussion.
In inflation-adjusted 2022 dollars, net farm income would be at its highest level since 1973 and net cash farm income at its highest level on record, according to the USDA.

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Last winter's uncertainly on fertilizer inputs has subsided somewhat. Flexible or not, any lease is likely to reflect the strong prices for commodities and the demand for cropland.
LeRoy and Rosemary Helbling of Mandan, North Dakota, farm with International Harvester equipment that is mostly 30 to 40 years old, kept in pristine condition. They raise crops primarily as feed for their Hereford herd of cows.
The North Dakota Attorney General’s office is asking Red River Trust, a Washington-based entity with offices in the Kansas City, Kansas, area, and an address at Grafton, North Dakota, to prove that it doesn’t violate anti-corporate farming laws, which would require it to sell land it purchased from owners of Campbell Farms of Grafton.
Records show that the Campbell potato farming group based in Grafton, North Dakota, has transferred more than $13 million worth of farmland to entities tied to Bill Gates, the billionaire co-founder of Microsoft who is reputedly the nation’s largest farmland owner.
Brian Bjork, 62, (pronounced “Byork”) a farmer from Forman, North Dakota, is selling his machinery piecemeal after making the decision in December 2021 to retire from farming. His reasoning: used equipment values are “hot” and unlikely to improve. He’ll enjoy retirement near family and will work for a young neighbor who will rent his land.
The NCUA has revised its strategic plan to clarify that the agency will not take regulatory action based on “climate-related financial risks” to discourage credit unions from lending to “family farms and others in the agricultural sector as well as businesses tied to the fossil fuel industry.”

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"Tenants have the right for a crack at a reasonable profit on farming the land, while landlords have the right to expect a rental rate comparable to similar land in the area. Both sides are equally important, and both need to be reflected in the final agreement."
Without $113 per cow federal payments in 2020 producers lost $80 per cow, North Dakota Farm Business Management data shows.
North Dakota Gov. Doug Burgum and Dakota Credit Union Association CEO Jeff Olson both submitted public comments to the National Credit Union Administration expressing concern about a portion of the NCUA’s draft strategic plan that seems to suggest that credit unions working with agriculture could be a financial liability due to climate change.

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