U.S. farmland values grow
Posted on November 15, 2012 at 19:20 PM EST
U.S. farmland values grow AGRICULTUREU.S. farmland values growFarmland values in the Midwest rose 13 percent in the third quarter and jumped 24 percent in the Great Plains as record crop prices and insurance more than made up for losses from the worst drought in 56 years, according to separate surveys of bankers by the Federal Reserve. The discounter issued a fourth-quarter profit outlook Thursday that fell short of Wall Street expectations, and the company's stock price slid more than 3 percent. Target reminded investors Thursday of its moves designed for growth in the coming weeks, including a holiday collection partnership with luxury department store Neiman Marcus and a new online price matching program. The long-term outlook for the home console and its software isn't so promising, as the world's biggest maker of video game machines faces growing sales of smartphones and tablets, which players use for free online games.
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