Alabama Cattle Industry Leaders Look at the State of the Market

The Alabama cattle industry is watching falling cattle prices and a fickle market closely

The Alabama cattle industry is an important part of Alabama’s ag commodities. Second only to broilers, the beef industry in Alabama brings in nearly half a billion dollars annually. Beef producers from around the country have their eyes on the cattle industry, and Alabama cattlemen are no exception. See the state of the national beef industry from Alabama’s perspective below.Read More

Top Crops for Alabama Land Loans

There’s a number of crops that would be a smart move to plant with your Alabama land loan

Agriculture is big in Alabama. Along with forestry, agriculture is the top industry in the state. The range of crops that would complement Alabama’s environment are numerous. Read below to explore the top crops to grow with Alabama land loans.Read More

Farmers: Stay Safe in Bad Weather

Weather is one of the most unpredictable factors in life. Sometimes it’s frustrating but relatively minor— like rain or hotter-than-average weather on a harvesting day— but sometime conditions are far worse. Just like anyone else, farmers need to know how to stay safe in the event of a hurricane, tornado or other natural disaster. Here are some steps to take:

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AgAmerica’s Highlights from the Southern Feed and Grain Convention

There was a lot going on this past July at the Southern Feed and Grain Convention, hosted by the great folks at the Alabama Feed & Grain Association. Held at the Sandestin Golf & Beach Resort in the Florida Panhandle July 26 to the 29, the convention offered a mix of meetings, presentations and good times with the theme “Dealing With Increasing Complexities.” Our Relationship Manager, Don Harden, had this to say about the event: “Attending this particular show was interesting because we met the feed and grain buyers who work alongside farmers on a daily basis. From transporting to planting to harvesting . . . these folks are industry experts and provide a unique perspective.”

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Reasons to Invest in Timberland

I’m sure you’ve heard this long-standing saying: “Land—no one can make it.” The implication here is that land is a limited resource. Though limited, it is a resource that is in constant demand, especially as the population and commercial development expands.

As an investment, land offers individuals the opportunity to expand their portfolios with a solid income-producing asset. Sooner or later, purchased land will increase in value. Sure, it won’t do so in a predictable way like a cash savings account building interest, but it will grow in value eventually. As it does, you can use it. You can build on it, farm on it, hunt on it, log on it, and/or use it for recreational purposes. The uses are limitless and the economic advantages are strong.

Sure, you can purchase any land you desire and do with it as you fit, but I’m sure you want to discover wealth-building opportunities.

One such wealth-building option is direct investment in commercial timberland. In fact, timberland investment returns are equal to or better than other asset classes.

How readily available is timberland? Where can you easily purchase it?

Seven-Tenths of U.S. forest lands, or 514.2 million acres of the total 751.2 million acres of forest land, are labeled as timberlands. Timberlands are classified as forest lands used for the production of commercial wood products. Commercial timberland may be used for recurrent growing and harvesting of trees.

Many regions in the United States are especially rich with timberland. For example, the state of Alabama has the third most timberland acreage in the 48 contiguous states, coming in behind Georgia and Oregon. As far as private timberland acreage goes, Alabama comes in second behind Georgia. That being said, Alabama and Georgia are excellent regions to seek out timberland property.

Bottom-line: Timberland is an investment that is in continual demand due to population growth and the need for continued commercial development. As such, it’s a great money-making investment to consider.

Bankers South offers financing of timberland for investment and/or recreation. Whether you’re looking at 1,000 acres of hunting property or 100 acres managed for pine production, Bankers South is here to assist you. Contact us with any questions regarding our timberland loans, Alabama land loans, Georgia lands, and other ag loan products.

Cotton Crop Yield Expected to Fall Below Average

Cotton crop yield in Southeast regions – Georgia, Alabama, and Florida – is projected to fall short of previous yield forecasts. But how short? Is it enough for cotton growers to worry?

So far, there is not a concrete answer in response to the yield question. However, while an actual yield prediction has not been ascertained, it is still enough to cause many cotton growers to worry.

What’s the culprit for the probable low yield?

The uncontrollable: Weather.

Various environmental factors were working against the cotton crop this season.

Heavy rainfall prevented cotton growers from planting on schedule. Storms caused excessive fruit shed. Cooler weather stunted growth, even preventing some plants from maturing. Finally, excess moisture created a friendly environment for fungal proliferation.

To counteract this unanticipated fungal growth, cotton growers applied fungicide to battle the fungus causing target spot.

There is great debate on the extent that target spot impacts cotton crop yield. While target spot is perhaps a factor resulting in this year’s projected low yield, heavy storms, which knocked off many plants, are probably the more likely explanation for low cotton yield.

While some of the cotton is still prospering (resulting from late planting), it is quickly running out of optimal 60-degree weather days as the fall season is just around the corner.

As for the final yield assessment, growers will not know for sure until harvesting is complete.

The good news? The cool, wet conditions may allow dry-land cotton to do well compared to previous years.

Are you a cotton grower in Georgia, Alabama, or Florida? If you’d like to discuss your farmland financing options – including agricultural loans and ag farm credit – contact Bankers South Lending & Finance, LLC.