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Pennsylvania farms realize million-dollar sales

Pennsylvania farms realize million-dollar sales

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)

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The 12-day war between Iran-Israel came to an end sending crude oil futures plunging as the big fund speculators removed the war risk premium.

The weather risk premium in the Ag complex is sending corn, wheat and soybean futures lower on month-end selling ahead of the market moving USDA quarterly grain stocks and acreage reports on June 30th.

Instead, funds were chasing and sending tech stocks higher with the S&P 500/NASDAQ indexes setting new all-time record highs!

June 1 USDA Hogs and pigs report was slightly bearish while the U.S. $ Index traded to new contract lows as the de-dollarization that began in 2014 continues.

Feed in the form of soybean meal futures for livestock producers got cheaper, trading to new contract lows.

The Stats Canada seeded acreage update was bullish canola and wheat.