Coombs Family Farms Announces 2008 Maple Crop Report and Industry Analysis

Maple Supply Down, World Demand Up; More Support for Small Family Farms Needed. Seventh Generation Maple Farm Discusses 2008 Crop and Future.

Brattleboro, VT (PRWEB) June 11, 2008 — Coombs Family Farms, a seventh generation maple producer and champion of small family farming, today announced its crop report and industry analysis for 2008. Brevity of season, a nearly depleted carry over from previous years, an increase in world maple demand, and a decrease in the number of family farms still in business, all have contributed to the trickle down of the world’s maple supply.

“This year’s sugaring season started late and ended on time giving us a shortened window of opportunity to produce,” said Arnold Coombs, Seventh Generation Maple Farmer, Chairman of the Vermont Maple Industry Council, and General Manager of Coombs Family Farms. “It appears that due to poor 2007 and 2008 crops around the world, supply today is 33% short of what the market needs.”

Last year’s shortfall was covered by syrup carried over from previous year’s production, but this year we’re not as lucky

“Like all farmers, we depend on a variety of factors including Mother Nature,” continued Coombs. “But there are other issues at play. As an industry, we need to employ best practices for sustainable forestry and we need to support each other. Small family farms are a dying breed. We not only need more maple, but also we need more family farms.”

Coombs Family Farms has worked their own land and tapped trees since 1840, and proudly support other small family maple farmers who share its commitment to quality, environmental stewardship and sustainable forestry. Not only does Coombs Family Farms buy maple syrup from hundreds of small family farmers, but also together with its sister company, Bascom Family Farms, it provides badly needed cash flow via pre-season credit for equipment, and conducts free training and educational seminars about topics such as maple forest management, responsible tree tapping, energy-saving reverse osmosis evaporators, organic certification, decreasing carbon footprint, and producing value-added maple products.

The world market for pure maple–conventional and organic in all grades and formats–is estimated at 110,000,000 to 120,000,000 lbs. Maple is used as an all-natural sweetener and flavor enhancer in breakfast and baked goods, but also in deli meats, beverages, sauces and savory dishes. Leading international corporations such as Starbucks, Ben & Jerry’s, Quaker, and Boar’s Head, just to name a few, use maple as an ingredient in their products.

Maple production, or “sugaring” occurs as early as the end of February and continues as late as early April. Maple syrup is a farmed product made simply from boiling down sap with no additives or preservatives, it’s ultimately dependent on weather, forestry practices, and seasonal conditions each year. It also depends on how many farms are still producing maple.

America’s farmers, especially on small family farms, have dwindled in number and are under extreme economic pressure. According to the National Agriculture Statistics Service, the U.S. lost nearly 9,000 family farms, or more than one farm per hour between 2005 and 2006. Each day, 3,000 acres of farmland are lost to development.

“Last year’s shortfall was covered by syrup carried over from previous year’s production, but this year we’re not as lucky,” said Coombs. “Ironically, it’s a great time to be a maple farmer because not only are prices high but also world demand is higher since the early 1900s.”

Coombs Family Farms products include certified organic maple syrup, 100% pure maple syrups in various grades and sizes, pure maple candies, pure maple sugar, and pancake mixes. Coombs Family Farms never uses pesticides or artificial ingredients and employs sustainable forestry and sugaring practices and was one of the early adopters and proponents of health spouts. All Coombs Family Farms maple syrups are available in Grade A light amber, Grade A medium amber, Grade A dark amber, Grade B, and Commercial Grade maple syrup for restaurants and food companies.

About Coombs Family Farms
Pure maple has been a way of life at Coombs Family Farms for seven generations. Coombs Family Farms has produced 100% pure maple since 1840. Since 1988, Coombs Family Farms has produced certified organic maple syrup. A champion of small family farming, Coombs Family Farms also sources 100% pure organic certified maple from other small, independent farmers who share the Coombs commitment to quality, environmental stewardship, and sustainable forestry management. To learn more about Coombs Family Farms maple, please visit www.coombsfamilyfarms.com.

###

<!– –>

Leave a Comment

Farmland Dissapearing to Urban Sprawl

According to American Farmland Trust, more than 6 million acres (an area the size of Maryland ) were taken out of agriculture and developed between 1992 and 1997.

Within the next 32 years, this country will add 100 million people to its population, bringing the total to 400 million. How we use land in that growth will only become more of an issue.

When it’s time to sell farmland, it’s often hard to make the choice on whether to sell it to developers, or to sell it to someone who will keep farming the land.

Read Joe Link’s article, to see what some communities are doing about this.

-

List your land for sale, or find an accredited land professional.

Leave a Comment

The Appraisal Foundation Seeks Candidates for National Boards

WASHINGTON, DC–The Appraisal Foundation is beginning its annual search for qualified candidates to serve on the Appraiser Qualifications Board (AQB) and the Appraisal Standards Board (ASB).  Completed applications for these vacancies must be received by August 1, 2008.  

 

Appraiser Qualifications Board:  There are up to three vacancies on the AQB.  The AQB is responsible for setting minimum qualification criteria for state licensure and certification of real estate appraisers and has established voluntary qualification criteria for personal property appraisers.  Familiarity with appraiser qualifications is a pre-requisite of service on the AQB, and a minimum of ten years of appraisal experience is required.  The AQB meets four times per year for approximately ten days in total.  Individuals serving on the AQB are compensated for their time and are reimbursed for travel expenses.  The individuals selected for the AQB positions will serve a term of up to three-years commencing January 1, 2009.  

 

Appraisal Standards Board:  There are up to four vacancies on the ASB.  The ASB is charged with developing, interpreting and amending the Uniform Standards of Professional Appraisal Practice (USPAP).  Familiarity with USPAP is a pre-requisite of service on the ASB, and a minimum of ten years of appraisal experience is required.   The ASB meets five times per year for approximately fifteen days in total.  Individuals serving on the ASB are compensated for their time and are reimbursed for travel expenses.   The individuals selected for a position on the ASB will serve a term of up to three-years commencing January 1, 2009. 

 

The Appraisal Foundation is interested in expanding the diversity of all Boards by considering applicationsfrom business leaders with an interest in valuation or involved in various appraisal disciplines such as business valuation or personal property.

 

Application packages for all positions outlined above are now available on-line at the Foundation web site. To find the application on the web site, please click on “Mission” in the far left column of the homepage and then “To Apply”.

 

If you would like to request an application package via emailor if you have questions please feel free to contact Anne Raley (anne@appraisalfoundation.org).  When requesting information on the applications via e-mail, please use the phrase “2008 BOARDS APPLICATION INFORMATION” in the subject line, and please include your full name, mailing address and phone number.

 

  ###

Contact Information:

Paula Douglas

Executive Administrator

202.624.3048

E-mail: paula@appraisalfoundation.org

-

List your land for sale, or find an accredited land professional.

Leave a Comment

House OKs farm bill by veto-proof margin

Mcclatchy-tribune
May 15, 2008

WASHINGTON – The House emphatically approved a major five-year farm bill by a veto-proof margin yesterday, setting up President Bush for a major political embarrassment.

Brushing off Bush’s opposition, many Republicans joined a majority of Democrats in approving the farm bill, 318-106. This is well over the two-thirds vote needed to override Bush’s promised veto.

“We’ve solved a lot of problems in this bill,” said Rep. Collin C. Peterson, a Minnesota Democrat who is chairman of the House Agriculture Committee. “We have a bill that covers all of the interests in the country.”

For the first time, the bill includes funds for cleaning up the Chesapeake Bay, which would be guaranteed $690 million over 10 years, with more expected after the first five.    More

 -

List your land for sale, or find an accredited land professional.

Leave a Comment

The Impact of Increased Planting Flexibility on Planting Decisions Across Texas

Increased acreage planting flexibility granted through the last three farm bills has allowed agricultural producers to make production choices without government programs driving their decisions. Planted acre data for program crops in seven Texas regions is used to describe producers’ responses to the increased flexibility.  More

List your land for sale, or find an accredited land professional.

Leave a Comment

Farm Debt Increases in 2008

According to the USDA, rising crop values can result in higher potential income and will likely result in increased real estate loan demand in row crop producing regions. Nonreal estate agricultural loan demand is driven by investment in machinery, equipment, and grain storage facilities. High crop prices and increasing crop production may lead to a rise in operating loans as producers boost production expenses to maximize yields.

Farm business debt is anticipated to stand at about $228.0 billion by the end of 2008, up $8.0 billion from 2007 and a new record for the fourth consecutive year. Real estate debt is expected to rise to $120.8 billion, up 2.8 percent, while nonreal estate debt should be $107.2 billion, up 4.6 percent. Farm real estate debt is expected to account for 53.0 percent of total farm debt in 2008.

Expectations that nonreal estate debt will expand faster than real estate debt are based on reported high levels of demand for short-term financing of machinery, equipment, and storage facilities. Additionally, nonreal estate debt is expected to increase as production increases in response to those crops (corn/soybeans) associated with ethanol production.

Farm mortgage debt is expected to rise about 2.8 percent in 2008. From the beginning of 2003 through the end of 2008, total farm debt is expected to have risen by about $52.8 billion, or more than 30 percent.

List your land for sale, or find an accredited land professional.

 

Leave a Comment

Farmland Values Continue To Rise in 2008

According the USDA Farmland and building values (dollars per acre) of farm businesses rose by about 13.3 percent in 2007 and are expected to grow by nearly 14.9 percent in 2008. This solid growth in farm real estate asset values is partly due to rising returns on farm assets and to declines in interest rates. Rising income expectations translate into higher farmland values—in most regions, double-digit gains for cropland are expected. Gains in ranchland value are driven by demands from recreational and developmental uses. Demand for farmland for recreation and nonfarm development will continue to exert upward pressure on U.S. farmland values, especially in urban and urbanizing areas.

New housing starts are one of the leading indicators for the economy in general. The current drop in new housing starts may dampen the demand for real estate assets (including farm business real estate assets). However, so far the sluggish growth in the U.S. housing sector and decreasing demand for new housing in the economy at large have not significantly affected the demand for farmland investments.

List your land for sale, or find an accredited land professional.

Comments (2)

Farm Asset Values Projected Up Again in 2008

According to the USDA, Farm business asset, debt, and equity values are expected to continue rising through the end of 2008. Growth in farm asset and debt values reflect farm investor and lender expectations about the long-term profitability of farm sector investments.

The value of U.S. farm business assets is forecast to increase by about 13.1 percent in 2008 (see table). The value of farm business real estate assets, which comprise about 85 percent of farm sector assets, is expected to rise by 14.9 percent, following a 13.7-percent gain in 2007. (See glossary for definitions of terms.)

The value of year-end 2008 crop inventories is expected to rise slightly (up 0.7 percent) from 2007 while the value of livestock and poultry inventories is expected to fall slightly (down 0.1 percent). The value of machinery and motor vehicles is expected to rise by about 2.3 percent in 2008, based on higher expected sales. The value of purchased inputs held in onfarm inventory is expected to increase by about 6.6 percent in 2008 and the value of financial assets is expected to rise about 5.1 percent.

Leave a Comment

Iowa Farmland Values Up 11% in Past Six Months

Iowa farmland prices have increased by an average of 18% during the last 12 months, according to the latest survey by the Iowa Farm Realtors Land Institute. The survey of farm real estate brokers was conducted around March 1 and results released March 19.
The survey shows an average increase of 11% for the six month period September 2007 to March 2008. “When that 11% is combined with the 7.1% increase we reported back in September, it shows a statewide average increase of 18.1% for the year from March 1, 2007 to March 1, 2008,” says Troy Louwagie, who helps compile the twice per year survey.

Louwagie, who coordinates the survey, is a realtor with Hertz Real Estate Services at Mt. Vernon. “These results show continuing strength in Iowa’s farmland market,” he says. “This was the highest dollar per acre number we’ve ever had, the second highest six-month gain and the third highest annual increase over the last 30 years since the survey began.”

While these are averages for the whole state, there are some individual sales of the highest quality farmland that have sold for as much as $7,000 to $9,000 per acre in the last month or so in Iowa.

Read More

List your land for sale, or find an accredited land professional.

Leave a Comment

New Hampshire View-tax bill runs into opposition at hearing

A move to create a new property-tax break for farmers ran into criticism in a Senate hearing.

The House passed the bill easily, with a two-thirds majority in February, despite concerns by the New Hampshire Municipal Association.

In a Senate Public and Municipal Committee hearing, NHMA ran through a list of problems it sees with the bill, HB 1442. The committee plans to continue the hearing later this month.

The bill would allow voters in a town to exempt the land beneath farm buildings from being assessed a view factor, commonly called the view tax, and would instead tax it under the current use program. Farm buildings, such as barns and sheds, would be taxed at their replacement value, not their fair market value.

State law now says that land under and around buildings cannot be put in current use, which can greatly reduce taxes on land of 10 acres or more.

Assessors say they have no choice under existing law but to apply view factors to properties that have buildings on them.

Read More

Leave a Comment

« Newer Posts · Older Posts »