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EnergySurging U.S. crop prices reverse fortunes in rural Iowa Tom Polansek 1/5 Brothers Chris and Bret Hays with their new tractor and planter in a field at their farm in Malvern, Iowa, U.S., April 27, 2021. REUTERS/Rachel Mummey Read More U.S. farmer Rob Arkfeld was vacationing on a sandy beach in Mexico's Riviera Maya when he won an online auction to rent 535 acres of cropland back home in Iowa by bidding nearly double the local average for each acre. While sipping a drink and swiping his smartphone, the 48-year-old agreed to pay an annual rent of $417.50 per acre for the next two years for...

Surging U.S. crop prices reverse fortunes in rural Iowa By Tom Polansek Reuters (Reuters) - U.S. farmer Rob Arkfeld was vacationing on a sandy beach in Mexico's Riviera Maya when he won an online auction to rent 535 acres of cropland back home in Iowa by bidding nearly double the local average for each acre. While sipping a drink and swiping his smartphone, the 48-year-old agreed to pay an annual rent of $417.50 per acre for the next two years for the ground in Mills County. That amount is big enough not just to rent, but to buy land in some parts of the United States.

By Syndicated Content By Rajesh Kumar Singh CHICAGO (Reuters) - Farmers flush with cash after a run-up in grain prices are clamoring for farm machinery maker AGCO Corp to get them new equipment in time for this year's harvest. This is a boom time for the Georgia-based company after years of depressed demand. But AGCO is scrambling to keep up because disruptions all along its supply chain have left it short of the steel, plastics, microchips and tires it needs to make tractors and combines. Some of its suppliers in the United States and Europe are facing a labor crunch because of t...

'Our factories are hungry' - U.S. farm machinery maker faces dearth of components Rajesh Kumar Singh , By Rajesh Kumar Singh CHICAGO (Reuters) - Farmers flush with cash after a run-up in grain prices are clamoring for farm machinery maker AGCO Corp to get them new equipment in time for this year's harvest. This is a boom time for the Georgia-based company after years of depressed demand. But AGCO is scrambling to keep up because disruptions all along its supply chain have left it short of the steel, plastics, microchips and tires it needs to make tractors...