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Bull or Bear?

Bull or Bear?. Samuel E. Kain Accredited Land Consultant Regional Sales Manager Farmers National Company. Iowa Land Price Review. $2275. $2147. $1837 . $1801. $787. Iowa State Land Survey. Grain Price Review. $5.94. $5.82. $4.73. $6.33. $6.08. $2.34. $2.69. $1.41 .

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Bull or Bear?

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  1. Bull or Bear? Samuel E. Kain Accredited Land Consultant Regional Sales Manager Farmers National Company

  2. Iowa Land Price Review $2275 $2147 $1837 $1801 $787 Iowa State Land Survey

  3. Grain Price Review $5.94 $5.82 $4.73 $6.33 $6.08 $2.34 $2.69 $1.41 $2.59 $2.19 USDA Average Price Received by Iowa Farmers

  4. Grain Yield Review 127 Bu 125Bu 157 Bu 135 Bu 138 Bu 40Bu 36.5Bu 41.5 BU 46 Bu 32 Bu USDA Average Iowa Yield

  5. Crop Income / Land Price $2275 $2147 $1837 $1801 $787 $649 $530 $536 $538 $387

  6. Avg. Annual Prime / Inflation Rate 15.75% 14.58% 10.36% 8.50% 8.25% 6.16% 4.25% 2.35% 1.86% 1.43%

  7. $2275 $2147 $1801 $1837 Land Value Crop Income $787 $530 $648 $538 $536 $387 15.75% 14.58% 10.36% 8.50% 8.25% 6.16% 4.25% 2.35% 1.43% 1.86%

  8. Theinflation rate between January 1981and January 2004 was 112.87%

  9. 1981 Land Value x Inflation rate = 2003 Land Value$2147 x 112.87% = $2423

  10. “Bull Factors” • Strong Commodity Prices • Low Interest Rates • Low Inflation • Limited Supply • Government Programs • Genetics • Increased Economies of Scale • Revenue Insurance Products

  11. Do you believe with: • Limited amount of land for sale • $3.00 per bushel corn • $10.00 per bushel beans • Low inflation • Low interest rates

  12. That land prices will go down?

  13. Definitely a Bull!

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