News Business News Evening Edition | Friday, May 20, 2022 In tonight’s evening edition, read about farmland values, drought conditions across the Corn Belt, and John Deere’s agreement to sell a revolutionary baler. By Megan Schilling Megan Schilling Resides In: Des Moines, IowaMegan joined the Successful Farming team in 2019 as the Agronomy & Technology Editor to write about conservation, agronomy, and digital solutions. In 2020, Megan transitioned to Digital Content Editor and works across digital and print platforms. Megan previously served as Executive Director for the Iowa AgriTech Accelerator, a mentor-led program for agtech startups. Prior to that role, she managed internal communications for a financial technology startup in Ames, Iowa. Successful Farming's Editorial Guidelines Published on May 20, 2022 Trending Videos Close this video player Photo: andrielombard, iStock Farmland Values A Federal Reserve report this week stated, "Similar to the previous quarter, the value of nonirrigated cropland rose by more than 20% from a year ago in Federal Reserve Districts with a large agricultural concentration." The report, based on surveys of ag bankers, said the increases were particularly large in Kanas, Iowa, and three Rocky Mountain states. Land values soared 29% in Kansas, 28% in Iowa, and 32% in Colorado, Wyoming, and northern New Mexico. READ MORE: Farmland values rise alongside strong ag economy Drought Conditions and Planting Progress Editor Madelyn Ostendorf reports on the precipitation and suitable days for fieldwork across the Corn Belt. In particular, in South Dakota, drought conditions intensified in the past week. Five counties in the center of the state are experiencing extreme conditions, accounting for 4% of the state. Eleven counties in the center and 12 in the southeast corner reported severe conditions, which is 19% of South Dakota. Overall, 73% is abnormally dry or worse. READ MORE: Improving drought conditions allow planting progress New Baler Design Editor Alex Gray reports on John Deere's agreement with Twin Pak owners Mike and Jason Grady to sell their revolutionary baler design. While John Deere already has a fairly robust selection of balers in their line-up, the Grady Twin Pak will compliment their existing line. The Twin Pak is a three-string baler with patented-technology allowing it to pack up to two square bales of hay at the same time. It can pack bales between 90 to 120 pounds, filling a gap in Deere's current baler offering. READ MORE: John Deere enters distribution agreement for 'revolutionary' baler design Was this page helpful? Thanks for your feedback! Tell us why! Other Submit