Farms.com Home › Ag Industry News

Pennsylvania farms realize million-dollar sales

Nov 16, 2021

Subscribe to our Newsletters

By Andrew Joseph, Farms.com

Recent farm auctions and sales in Pennsylvania realize million-dollar plus, per Lancaster County public sales.

Via Kline, Kreider & Good Auctioneers public sale
October 29, 2021:

Four-bedroom sandstone farmhouse with bank barn and hog barns on 190.5 acres sold for US$3,420,000 (~CDN $4.3-million).
Four-bedroom sandstone farmhouse with bank barn, banquet tent area, wedding venue facilities, shop/garage, corn barn, horse barn and tenant house on 100 acres, and tractors and equipment sold for US$2,950,000 (~CDN $3.7-million).
56.7 acre tract of land sold for US$969,570 (~CDN $1.2-million).

November 3, 2021:

One-bedroom cabin/cottage on 58.7 acres sold for US$1,056,600 (~CDN $1.3-million)

Via Horning Farm Agency public sale on October 29, 2021:

48.29 acre farm with stone house and outbuildings sold for US$1-million (~CDN $1.25-million).
83.13 acre farm with a brick house and multiple outbuildings, and a second parcel of 7.8 acres of land sold for US$1-million (~CDN $1.25-million).
100.2-acre tract of farmland sold for US$2,100,000 (~CDN $2.6-million)

Video: Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”

After a week of a U.S./China trade truce, markets/trade is skeptical that we have not seen a signed agreement nor heard much from China or seen any details. There are rumors that China is buying soybean futures & not the physical. Trust in Trump?
12 MMT of U.S. soybean purchases by China by year-end is better than 0 but we all need to give it more time and give it a chance to unfold. China did lower the tariffs on Ag and is buying U.S. wheat and sorghum.
U.S. supreme court could rule against Trumps tariffs, but the Trump administration does have a plan B.
U.S. government shutdown is now the longest in history at 38 days.
But despite a U.S. government shutdown we will be getting a USDA November crop report next Friday and it could be “game changing.” If the USDA provides a bullish surprise with lower U.S. corn and soybean yields and ending stocks that are lower than expected both corn and soybean futures will break out above their ceilings at $4.35/bu and $11.35/bu respectively.
The funds continued their selling in live and feeder cattle futures on continued fears that the Trump administration want to lower U.S. beef prices. The fundamentals have not changed, only market psychology has.
Stocks markets continue to worry about a weak U.S. job market, but you can blame ChatGPT for that. In the future, we will have a more efficient, productive and growing economy with a higher unemployment rate until we have more skilled AI workers.
After 34 new record highs in the S & P 500 and 124 new records in the NASDAQ in 2025 we are back to a correction and investor profit taking as AI valuations may have gotten too stretched near-term ahead of NVDA’s 3rd quarter earnings announcement on Nov. 19th. But this is not an AI bubble.
75% of Tesla shareholders approved a $1 trillion pay package for Elon Musk!
It has rained in South America in the last 7 days, but both the American and European models agree that Central Brazil remains dry in the next 14-days!

The rocket science of agriculture

John Deere employees to vote on third contract proposal