Sales of farm and recreational property in the mid-south appear to be recession proof. While the rest of the country underwent a severe real estate decline especially in the housing market starting in 2007, farm sales have remained strong, according to Gwin Smith with Rutledge Investment Company.
Rutledge Investment Company, based in Memphis, serves a five state region that includes Alabama, Arkansas, Mississippi, Missouri, Louisiana and Tennessee. “We are breaking records. For the fourth year in a row, RIC and its subsidiaries will have a record year in both sales and loans in 2014,” according to Smith.April 13, 2016
“It enables us to be able to harvest our crops and dry our crops and store our crops indefinitely,” said Tommy Young, a corn grower based in Tuckerman, Ark., who has been using on-farm storage for more than 30 years.
The ability to speed up the harvest also allows growers to avoid losses caused by weather, according to Jason Kelley, a UA Extension agronomist for wheat and feed grains. Several years ago, with a hurricane threatening, one producer with on-farm storage harvested around the clock and was nearly done by the time neighboring growers got started, Kelley said.April 13, 2016
Rich Shumate, University of Arkansas | Delta Farm Press – Corn growers across Arkansas are increasingly taking matters into their own hands, erecting on-farm storage facilities to help them more efficiently market and harvest their product, rather than relying on commercial grain elevators.
Over the past decade, growers in Arkansas have increased their on-farm storage by about 70 million bushels, or about 52 percent, according to Scott Stiles, an Extension economist with the University Of Arkansas System Division Of Agriculture.April 13, 2016