Capital Agricultural Property Services (CAPS) offers farm management to all types of property owners and investors nationwide. CAPS real estate professionals provide brokerage services for farms for sale via private treaty or auction, as well as buyer broker representation. CAPS’ offices and associates are strategically located in the prime agricultural regions of the U. S. giving us a unique perspective and skill set to help landowners meet their goals and objectives. In 2011, CAPS celebrated its 25th year as an agricultural leader in farmland real estate sales and property management.
Farm Industry News and Updates
Sensors of various types topped the list of “15 Emerging Agriculture Technologies that Will Change the World,” according to futurist Michell Zappa. See the full list.
The American Farm Bureau Federation and Measure released a study that identifies and quantifies the benefits of drone technology in precision agriculture. Version 1.0 of the ROI Calculator will be available as a web-based application on the Measure website; additional functionality will be added over time to include more drone applications and types of crops. The ROI Calculator quantifies the economic benefits of Drone as a Service for three applications: field crop scouting, 3D terrain mapping, and crop insurance. It initially covers three of the largest production crops-corn, wheat, and soybeans-allowing growers to quickly and easily determine if drone technology warrants further exploration after they input information about their farm into the ROI Calculator. A fact sheet of the study.
A new study from the Boston Consulting Group (BCG) identifies the most influential trends that will affect farming practices and structures through 2030. These include precision farming, automation, consolidation, professionalism and labor shortages. According to the report, “Several megatrends are combining to increase demand for agricultural outputs and thereby promote the development of productivity-enhancing innovations. As the global population approaches 9 billion by 2050, the U.N. Food and Agriculture Organization (FAO) expects that demand for agricultural outputs will increase by 60% compared with the annual average from 2005 through 2007, representing an increase of approximately 1% per year. However, the acreage cultivated globally will increase only negligibly.” Read more
Agriculture Secretary Tom Vilsack has announced a new report on discoveries by USDA researchers that have led to new patents and inventions with the potential for further reaching applications and economic growth. USDA innovations included in this annual report range from USDA supported research that could offer solutions for millions who suffer allergies from peanuts and wheat to safe mosquito control that can help halt the transmission of diseases they spread, and others. Details
A senior Federal Aviation Administration (FAA) official said the agency expects to finalize regulations for U.S. commercial drone operations within the next 12 months – optimistically before June 17, 2016. Advocates of the technology predict that unmanned aerial systems will transform a number of industries, including agriculture, real estate, news, retail delivery and entertainment. Read more.
According to Ag Secretary Tom Vilsack, Congress took a stand to support American businesses, communities and families, rural and urban alike by passing the Trade Promotion Authority legislation. He noted that TPA will help to secure the future of American agriculture and the rural way of life, and will protect American workers, create new opportunities for rural businesses, and protect the environment. Read more.
A recent surveys shows women make up more than half of today’s agriculture graduates in the U.S. Assistant dean emeritus for Purdue University’s College of Agriculture Allan Goecker says there have been some big changes since the survey began in 1980. “The number of women graduates probably has increased in the neighborhood of 50 to 75 percent from where we were in 1980,” he says. Every 5 years since 1980 the US Department of Agriculture’s National Institute of Food and Agriculture has measured employment opportunities for college graduates in food, agriculture, renewable natural resources, and the environment. This report is the eighth in a series of five-year projections initiated by USDA in 1980. Link to full report.
Targeted conservation work in the Mississippi River basin will unite the United States Department of Agriculture (USDA), farmers and local organizations to help clean waterways that flow into the nation’s largest river. USDA’s Natural Resources Conservation Service (NRCS) is investing $10 million this year in 27 new high-priority watersheds and 13 existing projects that will help improve water quality and strengthen agricultural operations. This investment is part of a commitment of $100 million over four years to address critical water quality concerns in priority watersheds while boosting rural economies. Read more.
Net farm income is forecast to be $73.6 billion in 2015, down nearly 32 percent from 2014’s forecast of $108 billion. Median total income of farm operator households is forecast to increase slightly in 2015. Click here for report highlights.
The U.S. Department of Agriculture released its final total for U.S. agricultural exports in Fiscal Year 2014, which soared to a record $152.5 billion (up from last year’s record of $141 billion). Agriculture Secretary Tom Vilsack made the following statement regarding the record-setting year: “American farmers and ranchers have once again achieved another year of record exports Agricultural exports have climbed 41 percent in value over the past five years. U.S. agricultural exports have increased in volume as well as in monetary value, which demonstrates an increasing global appetite for high-quality, American-grown products.” Read more.
Big Data: Who owns it, who has access, and who controls it? There is a lot being written about Big Data, and some are equating it to the mechanization revolution that hit agriculture in the last century – suddenly more could be produced with less labor and reduced inputs. So it can be with Big Data. It’s a further adaptation of technology that has been building and gaining acceptance for years. Read more.
CAPS’ Executive Manager Tim Harris gave a presentation on farmland leases to land owners. The talk has been broken into three video clips, Land Lease Basics, Negotiation Tips and Rental Rates. The clips can be viewed on the CAPS YouTube Channel.