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.
Chicago Federal Reserve finds stable farmland values versus year earlier, but weakening cash rental rates.
Monthy survey finds more than 20% of ag bankers anticipate farm loan defaults from recent flooding. Grain farmers hardest hit.
Annual gains in cropland and pasture land values noted by the Federal Reserve Bank of Kansas City.
Quarterly survey from Kansas City Federal Reserve Bank notes steady farmland values in areas with heavy livestock and energy production.