The 2018 Arizona average farmland real estate value, a measurement of the value of all land and buildings on farms, was $4,200 per acre. This is an increase of 2.4 percent from 2017 and 10.5 percent from 2016. The average value of cropland and irrigated cropland was $8,450, up 0.6 percent from 2017. Pasture values were not published for Arizona to avoid disclosing data for individual operations.
Producers were still assessing damage last week from tornadoes and hail that occurred July 29, 2018, according to the Mountain Region Field Office of the National Agricultural Statistics Service, USDA.
Farm production expenditures in the United States are estimated at $359.8 billion for 2017, up from $346.9 billion in 2016. The 2017 total farm production expenditures are up 3.7 percent compared with 2016 total farm production expenditures. For the 17 line items, 13 showed an increase from previous year, while the rest showed a decrease.
During the first two weeks of September, growers of small grains around the country will receive survey forms from the U.S. Department of Agriculture's National Agricultural Statistics Service (NASS). The agency is taking a comprehensive look into the 2018 production and supply of small grains, which include wheat, oats, barley, and rye.
The U.S. Department of Agriculture's (USDA) Commodity Credit Corporation has announced interest rates for August 2018. The Commodity Credit Corporation borrowing rate-based charge for August is 2.375 percent, up from 2.250 percent in July.
The interest rate for crop year commodity loans less than one year disbursed during August is 3.375 percent, up from 3.250 percent in July.
Prices Received - Mountain Region States and United States: June 2018 with Comparisons
Soil moisture supplies improved with monsoon rainfall last week which was mostly concentrated in eastern districts, according to the Mountain Region Field Office of the National Agricultural Statistics Service, USDA.
Statewide, winter wheat harvest was virtually complete by week's end. In northeastern counties, received moisture held conditions steady and provided relief to drier areas. Reduced fieldwork was noted due to adverse weather, which mostly affected the end of winter wheat harvest and hay harvest.
The U.S. Department of Agriculture's National Agricultural Statistics Service (NASS) will survey producers in 32 states, including Arizona, Colorado, Montana, and Wyoming, for its County Agricultural Production Survey (CAPS).
The survey will collect information on total acres planted and harvested, and total yield and production of small grains crops down to the county level. CAPS will provide the data needed to estimate acreage and production of selected crops in the United States.
Most areas of the state benefitted from monsoonal moisture last week, according to the Mountain Region Field Office of the National Agricultural Statistics Service, USDA.
Hot temperatures continued to accelerate crop development and maturity of small grains; winter wheat harvested was still ahead of average by week's end.