United Group Insurance

Farmland Values Nearing Levels Not Seen in Eight Years 

Ag/Outdoor

July 28th, 2021 by Ric Hanson

OMAHA, NEBRASKA – July 28, 2021 – Farmland values in Iowa, Nebraska, South Dakota and Wyoming continue to strengthen, building on the gains that followed the 2020 harvest. Supported by low interest rates and the renewed optimism of higher grain prices and farm income, land values are nearing levels not seen in eight years. Farm Credit Services of America (FCSAmerica) has released its July 2021 farmland value report based on 63 farms spread across its four-state territory. Fifty-three farms increased in value, eight saw no change and two declined. On average, values were up 7.5% in the first six months of 2021.

Iowa saw the greatest overall gains. Twelve benchmark farms are valued at more than $10,000 per acre, including a central Iowa farm with a 34% gain in 2021 for a per-acre value of $13,200.  A year ago, only five farms were valued in excess of $10,000 per acre. Iowa farmland is only 7% shy of its 2013 peak, and the real estate market remains active. A week after the completion of FCSAmerica’s July benchmark report, six bare land farms in central Iowa sold for a low of $14,200 to a high of $16,800 an acre.

Tim Koch, chief credit officer for FCSAmerica, says “As anticipated, the substantial run-up in farm profitability has resulted in increased farmland values on the whole. But we also saw significant differences in values at the local level based on market activity, including the number of sales and land availability.” The two benchmark farms that lost value, for example, were in Nebraska. Yet in the south-central area of the state, values were up an average of 15% in the first half of 2021 and are approaching historic highs. Statewide, Nebraska farmland is 15% behind its peak value of 2013.

Those areas that saw little change in value also tended to have a higher concentration of pastureland. In South Dakota, where values are 11% behind the market peak, only pastureland saw no gain. As cattle operators focus on retaining cash, pastureland values will likely see continued price pressure in coming months, Koch said. While drought is impacting crops in areas of FCSAmerica’s territory, it is unlikely to be a drag on cropland values. Strong crop insurance price levels will offset drought-related production losses. The majority of grain operators are expected to be profitable again in 2021 and interest rates remain favorable, Koch said: “The outlook for real estate looks pretty strong.”

The chart below shows the average change in farm values by state. The number of benchmark farms in each state is in parentheses.

STATE SIX MONTH ONE YEAR FIVE YEAR TEN YEAR
Iowa (21) 9.9% 13.9% 15.3% 37.3%
Nebraska (18) 5.6% 9.5% -1.8% 62.9%
South Dakota (22) 7.0% 9.5% -4.8% 71.3%
Wyoming (2) 8.0% 10.9% 29.6% 75.7%

 About Farm Credit Services of America

Farm Credit Services of America is a customer-owned financial cooperative proud to finance the growth of rural America, including the special needs of young and beginning producers. With nearly $34 billion in assets and $6.4 billion in members’ equity, FCSAmerica is one of the region’s leading providers of credit and insurance services to farmers, ranchers, agribusiness and rural residents in Iowa, Nebraska, South Dakota and Wyoming. Learn more at fcsamerica.com.

Prison inmate Vincent Duncan dies

News

July 28th, 2021 by Ric Hanson

CORALVILLE– The Iowa Department of Corrections reports 75-year-old Vincent Duncan was pronounced dead due to natural causes at 1:10 p.m.  on Tuesday, July 27, 2021 in a hospice room of the Iowa Medical and Classification Center. Duncan had been serving a 25-year sentence for the crime of Sex Abuse-2nd Degree from Tama County.

His sentence began on January 3, 2014.

Mills County arrest report, 7/28/21

News

July 28th, 2021 by Ric Hanson

The Mills County Sheriff’s Office reports five arrests. On Tuesday: 31-year-old Kassandra Lee Shoemake, of Sioux City, NE., was arrested at the Sheriff’s Office, on a warrant for Failure to Appear (FTA) on an OWI charge. She was being held on $3,000 bond. And, 41-year-old Michael Todd Rupe, of Glenwood, was arrested Tuesday afternoon, also for FTA on an OWI charge. His bond was set at $2,000.

At around 12:45-a.m. Saturday, 32-year-old Stuart Duane Haley, of Villisca, and 34-year-old Gwen Marie Vanderhoof, of Clarinda, were arrested following a traffic stop, and charged with Possession of a Controlled Substance; Drug Tax Stamp violation, and Possession of drug paraphernalia. Bond for Haley was set at $5,300. Vanderhoof’s bond was set at $5,000.

And, on July 22nd, 30-year-old Zechariah Michael Stangl, of Springfield, NE, was arrested on Bunge Avenue, for Public Intoxication. His bond was set at $300.

Supply chain expert says order Christmas gifts now, or else…

News

July 28th, 2021 by Ric Hanson

(Radio Iowa) – Iowans might be wise to order their holiday gifts now — in July — if they hope to have plenty of presents under the tree come late December, according to a logistics and supply chain expert at the University of Iowa. Jen Blackhurst, a U-I professor of business analytics, says many retailers simply aren’t recovering from the pandemic nightmares and a perfect storm is developing that will mean more shortages to come. “We’re seeing some pretty extreme delays with the chips not being available to put in the cars,” Blackhurst says. “If you’ve tried to order any kind of furniture, there’s five, six, seven months of delay.”

Blackhurst calls it the bullwhip effect, where a small change or glitch in demand or in the supply chain can quickly grow in severity. “There’s been recently a port in China that has lowered capacity due to a re-outbreak of COVID,” Blackhurst says. “That’s slowing the ability to move goods in, and more importantly, out of China, which is going to slow things down.” We’ve seen it repeatedly during the pandemic where certain items simply are unavailable and shelves are empty. Think toilet paper, cleaning products and hand sanitizer early on, while later it was webcams, furniture, lumber, video game consoles and countless other products.  “Come the holiday time, we’re going to see some delays and shortage of materials and goods and gifts,” Blackhurst says. “So, thinking about that right now and really understanding where your gifts would be coming from, things you want to have for the holidays, they could be, in fact, quite delayed.”

Many areas of the world are facing severe supply chain issues and it’s affecting a wide range of products, and she says it probably won’t be fixed by Christmas. She says, “If it’s a new toy that there’s going to be a lot of demand for, you’re going to have to start thinking about that now.” Blackhurst says one report tells how the price to purchase space on a shipping container from China to the U-S has risen 200-percent or more just in the past four months. She predicts we won’t see supply chains fully functioning again until mid-2022 at the earliest.

NE Iowa company pays $80K fine to EPA for hazardous waste

News

July 28th, 2021 by Ric Hanson

(Radio Iowa) – A northeast Iowa company, accused of creating hazardous waste, has reached a monetary settlement with the U-S Environmental Protection Agency. DCW Casing in Oelwein allegedly made the hazardous waste, in violation of federal rules. The company makes a blood product. DCW settled with the EPA by paying a civil penalty of slightly more than $80,000, plus bringing the facility into compliance with federal rules.

Two other businesses in the country have made similar settlements. They are located in Kansas City, Kansas, and Vinita Park, Missouri.

Iowa pheasant population survey begins Aug. 1

Ag/Outdoor, News

July 28th, 2021 by Ric Hanson

(Iowa DNR News) – The impact that a cold and snowy Iowa winter and driest spring since 1994 had on pheasant nesting success will likely be seen when the Iowa Department of Natural Resources (DNR) conducts its annual roadside pheasant counts between Aug. 1-15.

The statewide survey is conducted by Iowa DNR staff who drive 218, 30-mile routes on gravel roads at dawn on mornings with heavy dew. Hen pheasants will move their broods to the edge of the gravel road to dry off before they begin feeding, which makes them easier to count. Todd Bogenschutz, upland wildlife research biologist for the Iowa DNR, says “We had a cold and snowy winter from early January till February, which hurts hen survival, then a warm up, and a good March and April – the dry spring was a positive for nest success – so the model says our pheasant population we will likely be status quo to a slightly increasing. It will be interesting to see the survey results. The conditions for the survey are important as the accuracy of the counts depend on the dew conditions when the routes are run. While the drought conditions have eased across most of Iowa, we are still fairly dry.”

The August roadside survey has been conducted over the same routes since 1962. In addition to pheasants and quail, the survey collects data on partridge, cottontails and jackrabbits. Results will be posted online at www.iowadnr.gov/pheasantsurvey in early September. Iowa’s pheasant season begins Oct. 30.

WELCOME HOME CEREMONIES SCHEDULED FOR FIELD ARTILLARY UNIT

News

July 28th, 2021 by Ric Hanson

Welcome Home ceremonies are planned for July 31, 2021 to honor approximately 250 Soldiers from the 1st Battalion, 194th Field Artillery, 2nd Infantry Brigade Combat Team, 34th Infantry Division. Times and locations are listed below.

Des Moines

Approximately 100 Soldiers will be honored at a formal ceremony on July 31, 2021, starting at 12:15 p.m. at the Des Moines International Airport. The ceremony will be livestreamed on Facebook @IowaNationalGuard.

Fort Dodge

Approximately 80 Soldiers will be honored at a formal ceremony on July 31, 2021 starting at 1:00 p.m. at the Fort Dodge Airport. The ceremony will be livestreamed on Facebook @Iowaredlegs.

These Soldiers supported multiple overseas locations in the U.S. Central Command theater of operation. CENTCOM is comprised of 20 nations in the Middle East, North Africa, and Central Asia, including Afghanistan, Iraq and other countries. Iowa Army National Guard Soldiers departed from armories in Spencer, Estherville, Charles City, Fort Dodge, Storm Lake and Johnston to support this mission in August of 2020.

An additional 70 Minnesota Army National Guard soldiers assigned to Battery C, 1st Battalion, 194th Field Artillery, will also be welcomed home from Alexandria, Minnesota.

Discussion w/regard to a new Community Center in Adair take place next month

News

July 28th, 2021 by Ric Hanson

(Adair, Iowa) – Discussions between City officials in Adair, residents of the community and others, are scheduled to take place three separate dates and times, in August. The talks are with regard to the construction of a new Community Center, which the city has been without for the past several months after the old building was sold to accommodate a new Dollar General store. The City completed moving a house from a lot at 4th and Stuart Streets, and the site prepared to become the Adair Community Center.

Adair Mayor John Larsen says the City wants to get back to having a place for special events.

The current site was chosen because it is centrally located and has access to adequate parking. The new building will be constructed with steel, and feature a special attraction the kids are excited about.

The City of Casey has a similar building, which Larsen says has seen a lot of use. A project like a new Community Center doesn’t come cheap. I but Mayor Larsen said they are working on getting a $250,000 Iowa Community and Tourism grant in order to keep the project off the tax roles as much as possible, but there are some conditions for getting the grant.

The City has already set aside $400,000 for the project, but they need to raise a significant amount of additional funds from the community at large, in order to show strong local support for the project. The budget – including a Splash pad – is over $1-million. If the grant request is approved and private fundraising is successful, the City should be positioned to begin construction on the project in the fall. All gifts (which are tax deductible) should can be dropped-off at City Hall, or send a check to: City of Adair, 320 Audubon Street, Adair, IA 50002. Donations are tax deductible.

The deadline for the City to turn in its grant application and proof of community support, is August 27th, but they will continue to take any funds you wish to contribute. Informational & update sessions will be held: Wednesday, August 11th; Wednesday, August 18th; and Monday, August 23rd. All informational meetings will start at 5:00 p.m. at the Adair City Hall.

Canceled games will likely be forfeits in Missouri Valley Football Conference

Sports

July 28th, 2021 by admin

(Radio Iowa) The Missouri Valley Football Conference says games canceled this season due to COVID will most likely result in forfeits. Conference Commissioner Patty Viverito says vaccination rates were frightening earlier this summer but have improved in recent weeks.

Viverito says their goal is to have 85 percent of players, coaches and staff vaccinated.

Viverito says currently none of the league teams are at the 85 percent level.

Viverito says there is no room in the schedule to make up games that are canceled.

Northern Iowa coach Mark Farley admits his program is lagging in its vaccination rate.

The Panthers had several players miss games and had a game canceled during their abbreviated spring season.

Farley hopes what the Panthers experienced in the spring will help motivate the players to get vaccinated.

The Panthers open September fourth at Iowa State.

Unity Christian tops Clarinda in 2A quarterfinal

Sports

July 28th, 2021 by admin

(Radio Iowa) Tanner Schouten gave up four hits in six and two thirds innings of work as Unity Christian beat Clarinda 6-2 in a class 2A quarterfinal round game at the state baseball tournament in Carroll. Unity Christian coach Marlin Schoonhoven.

Eli Erwin had a two run single as part of a three run sixth inning for Unity.

Unity will play top ranked Van Meter in tonight’s 2A semifinals. Van Meter beat Davis County 9-6.