Can You Take Me Higher

Feb 21, 2024

Creed’s song Higher, with its chorus “can you take me higher,” came to mind when learning of the latest increase in farmland values from the Federal Reserve Bank of Kansas City. Despite many headwinds, farmland values continue to answer Creed’s question with an emphatic “yes”. The latest evidence comes from a survey of commercial bankers by the Kansas City Federal Reserve Bank. Bank economists Cortney Cowley, Jannety Mosely, and Ty Kreitman report bankers in the Tenth District (Nebraska, western Missouri, Kansas, Oklahoma, Colorado, Wyoming, and northern New Mexico) indicated the value for non-irrigated land rose 11 percent in the fourth quarter of 2023 compared to 2022. Values on irrigated and pasture ground exceeded 2022 levels by 7 percent. The increases on non-irrigated and irrigated land in Nebraska were the highest in the district, up 15 percent and 9 percent, respectively. Pasture ground in Nebraska was up 3 percent.

The growth in land values came despite lower commodity prices, higher interest rates, and reports of financial strain among producers.

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Video: Evolution of Beef Cattle Farming

The Clear Conversations podcast took to the road for a special episode recorded in Nashville during CattleCon, bringing listeners straight into the heart of the cattle industry. Host Tracy Sellers welcomed rancher Steve Wooten of Beatty Canyon Ranch in Colorado for a wide-ranging discussion that blended family history and sustainability, particularly as it relates to the future of beef production.

Sustainability emerged as a central theme of the conversation, a word that Wooten acknowledges can mean very different things depending on who you ask. For him, sustainability starts with the soil. Healthy soil produces healthy grass, which supports efficient cattle capable of producing year after year with minimal external inputs. It’s an approach that equally considers vegetation, animal efficiency, and long-term profitability.

That philosophy aligned naturally with Wooten’s involvement in the U.S. Roundtable for Sustainable Beef, where he served as a representative for the Colorado Cattlemen’s Association. The roundtable brings together the entire beef supply chain—from producers to retailers—along with universities, NGOs, and allied industries. Its goal is not regulation, Wooten emphasized, but collaboration, shared learning, and continuous improvement.