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POSTAL CUSTOMER

PRSRT STD U.S. Postage Paid Permit #36 OMAHA, NE

December 6, 2012 Issue 258-16-25

Check out our Agstuff Classifieds

Auctioneers Seeing More Ag Land for Sale This Year

Pages 27-31

Corn Test Results . . . . . . . . . . . . . 24-25 FFA . . . . . . . . . . . . . . . . 8-12, 14-18, 21-23 Weather Al Dutcher . . . . . . . . . . . . . . . . . . . . . . . . 2

Country Living House Plan . . . . . . . . . . . . . . . . . . . . . . . 3 Ornament Pattern . . . . . . . . . . . . . . . . . 5

The Lighter Side Lee Pitts . . . . . . . . . . . . . . . . . . . . . . . . . . 4

Markets Grains. . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Livestock . . . . . . . . . . . . . . . . . . . . . . . . 20

Government Report Robert Pore, The Grand Island Independent High land values and concerns about possible tax changes going into 2013 have caused a rush of farm real estate auctions this fall, according to area land and real estate auctioneers. “We are doing a tremendous volume of agricultural properties,” said Randy Ruhter, owner of Ruhter Auction and Real Estate, Inc., of Hastings. A number of factors are causing the year-end sale of farm land, Ruhter said.

The biggest factor is high land values, which have been driven up by a dramatic increase in farm income from higher commodity prices over seven years. In 2005, corn was selling for under $2 per bushel. It now sells for more than $7.50 per bushel. Soybeans “Nebraska's second largest crop behind corn” are selling for more than $14 per bushel. That also corresponds with a number of years of good weather with proper moisture during the growing season, which helped increase crop production along with the higher prices.

For daily agriculture news, updates and local happenings, visit the Heartland Express website at www.myfarmandranch.com

In August, the USDA reported that Nebraska's farm real estate value “a measurement of the value of all land and buildings on farms” rose from 2011, extending a trend that began in 1993. Farm real estate value for 2012 averaged $2,590 per acre. This is up $650 per acre, or 34 percent higher than last year’s revised level. Cropland value increased 36 percent from last year to $4,480 per acre, with dryland acreage averaging $3,500 per acre and irrigated cropland at $6,000.

Government Report . . . . . . . . . . . . . . . . . 6

Ag Management Nebraska Sending Ag Director to China . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

Livestock News Heartland Cattle . . . . . . . . . . . . . . . . . . 19

Production News More Biofuel Use by Military . . . . . . 23

Schedule of Events Continued on page 7

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26

MARKET GLANCE Livestock and Products, Weekly Average

Crops, Daily Spot Prices Year Ago 4 Wks Ago 11/23/12

Nebraska Slaughter Steer 35-65% Choice, Live Weight . . . . . . . . . . . . . . .$126.21 Nebraska Feeder Steers, Med. & Large Frame, 550-600# . . . . . . . . . . . .160.70 Med & Large Frame, 750-800 # . . . . . . . . . . . . . . .141.08 Choice Boxed Beef, 600-750# Carcass . . . . . . . . . .196.64 Western Corn Belt Base Hog Price . . . . . . . . . . . . . .82.40 Feeder Pigs, National Direct, 50#, FOB . . . . . . . . . . . .* Pork Carcass Cutout, 185#, 51-52% Lean . . . . . . . .89.66 Slaughter Lambs, Ch. & Pr.,Heavy, SD Dir. . . . . . . . .164.50 Nat. Carcass Lamb Cutout, FOB . . . . . . . . . . . . . . .409.86

127.12

127.62

162.62 165.39 148.63 148.52 198.49 194.92 80.39 76.30 * * 86.46 81.75 98.50 * 300.33 304.28

Wheat, No. 1, H.W. Imperial, bu . . . . . . . . . . . . . . . . .5.86 Corn, No. 2, Yellow, Omaha, bu . . . . . . . . . . . . . . . . .5.96 Soybeans, No. 1 Yellow Omaha, bu . . . . . . . . . . . . . .10.99 Grain Sorg. No. 2 Yellow, Dorchester, cwt . . . . . . . . .9.95 Oats, No. 2, Heavy Minneapolis, MN, bu. . . . . . . . . . .3.20

8.35 7.38 15.36 12.46 4.04

8.06 7.46 13.88 12.61 3.84

237.50 215.00 190.00 275.00 102.50

* * * 284.75 107.00

Hay (per ton) Alfalfa, Lrg. Sq. Bales Good to Prem., NE Neb. . . . . .155.00 Alfalfa, Lrg. Rounds, Good, Platte Valley, . . . . . . . .153.50 Grass Hay, Lrg. Rounds, Premium, Neb., . . . . . . . . .95.00 Dried Distillers . . . . . . . . . . . . . . . . . . . . . . . . . . . . .232.50 Wet Distillers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .74.25 * No market.

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