Mike Walsten has covered major business trends in agriculture for more than 35 years. From the southern corn leaf blight of 1970 to today's biofuels focus, he''s lived, reported and analyzed the impact of volatile markets on farm and ranch businesses and on land prices. After growing up on a grain and livestock farm in Western Illinois, Mike graduated from the University of Illinois with an undergraduate degree in agriculture communications and a master''s degree in business administration in the early 1970s. Since then he''s covered business and management issues as well as price outlook and marketing issues in various positions with Farm Journal Magazine and Professional Farmers of America. He now applies his extensive background and analytical skills to today's surprising farm and ranch market as editor of LandOwner.
Mid-Year survey update from the Illinois Society of Professional Farm Managers and Rural Appraisers finds little change in the price of excellent-quality farmland.
St. Louis Federal Reserve Bank notes rise in farmland values and slight decline in pastureland values.
Kansas City Federal Reserve reports cropland values remain unchanged from year earlier while ranch land values rose 1%.