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.
Farm manager survey finds excellent-quality farmland eased only slightly in first half of 2017; cash rents are expected to ease for 2018.
Drought covers 56% of Iowa, down from 71% last week, but increased to 41% of Illinois, up from 19% the previous week.
Monthly index on rural land prices from Creighton University's Ernie Goss moves to its highest level since July 2014.