Agricultural Survey…Quarterly Survey of Agricultural Credit Conditions in the Eleventh Federal Reserve District. The Eleventh Federal Reserve District consists of Texas, northern Louisiana, and southern New Mexico. The survey shows, dryland and ranchland values both increasing while irrigated land values dropped. See the entire report here.
by Stephen Donnell, SR VP Lending, Plains Land Bank, Amarillo, TX Interest rates have been about as volatile as the commodity markets in recent months. Our long term interest rates have moved up and down over three-tenths of a percent since March. Some months, it appears the Fed’s increase in short term rates is pushing long term rates higher, only to see those rates fall back the next month. Very hard to predict. We have had a number of customers recently locking in some long term money to hedge against rising interest rates. That appears to be a sound strategy, especially …
Never Buy Land Without an ALC…. 4 reasons from an article on Land.com written by Luke Worrell, ALC This article outlines 4 of the reasons you should never buy land without an ALC (Accredited Land Consultant)…..Trust….Skill….Knowledge…Connections. “When it comes to selling land, I am absolutely convinced that ALCs are the best in the business. For starters, you can only become a designated ALC after you have proven yourself in the field.” Read the entire article here.