Business
“The more tech we can develop to allow farmers to get productivity out of their land without having to spend so much money on fertilizer and inputs, the better off everybody is,” says John Deere’s Julian Sanchez.
In today’s challenging environment, farmland sale-leasebacks are becoming more common and potentially smart strategy for farmers.
The start to 2021 is showing an increase in commodity prices. From fertilizer prices to seed prices, farm inputs are also on the rise, which could include the prices farmers may pay for cash rents next year.
The Senior Vice President of Real Estate Operations for Farmers National Company reported during the first six month of its fiscal year, land sales were up 56% over the same time last year.
Key forces are converging to send farmland values higher — maybe even to historic levels.
Understand how this option fits into a rental agreement.
U.S. farm real estate values are seeing a rapid rise in 2021, with the Western Corn Belt seeing values rise at a faster pace than the East, but the storyline could change, according to Jackson Takach of Farmer Mac.
How much does it cost to rent cropland this year? According to NASS, the average price is $141 per acre. That’s $2 higher than last year, and up $7 from five years ago.
Farmland sales continue to raise eyebrows and challenge—or set—records. Just look at these farmland sales results.
The 2022 increase in values marks the largest increase state since 2014 and is the highest non-inflation-adjusted statewide land value in the history of the survey.
High prices cure high prices, but will that be the case with the record-breaking farmland prices seen in 2021 and early 2022?
Farmland remains in a delicate supply-versus-demand balance.
The state hosts “corporate farming laws,” barring corporations and limited liability companies from owning and leasing farms and ranches.
The stronger land prices of late 2021 continued higher through the first half of 2022.
Land sales continue to set records. Late last month, a farm in Plymouth County, Iowa sold for $25,000 per acre.
The U.S. Department of Homeland Security issued guidance on critical industry workforce that should continue as the country addresses and responds to the coronavirus outbreak. U.S. food and agriculture was included.
Even with a divided Congress, there are some issues Karla Thieman from the Russell Group thinks can still be worked through in the next Congress, but one of the biggest hurdles will be crafting a the next farm bill.
As agriculture awaits confirmation Joe Biden will tap Tom Vilsack as the next Secretary of Agriculture, Washington insiders say Vilsack is a known entity, which would be a positive for U.S. farmers and ranchers.
When the days are long, and the tasks are many, you need a vehicle that’s as no-nonsense and hardworking as you are. The ROXOR from Mahindra is a workhorse you can count on, whether you have 5, 500 or 5,000 acres!
Farmland and input price jumps in 2022 continue to be top-of-mind for producers as they look to 2023. Interest in carbon sequestration has also spiked. Here’s a look at the latest Ag Barometer with Purdue’s Jim Mintert.
Its current user base includes more than 100 ag retailers and consultants who use Taranis to deliver crop intelligence insights empowering more informed decision making to help make crop management more efficient
On August 22, fire departments in and around Moravia, Iowa responded to a grain bin entrapment. The man who was trapped, along with those who rescued him, explain everything they did to successfully rescue Wilson.
For 2022, the national average for cash rents on cropland is $148 per acre. That’s up $7 from last year and eclipsed the previous high of 2015’s $144 per acre.
If thinking about negotiating cash rental rates makes you sweat—you’re not alone. Employ these negotiation strategies.
Once you’ve experienced the world at 10 mph you can’t endure slower. There are collateral consequences.
Welcome to a festering landowner-hunter conflict and a lawsuit launched by rural property owners against the state. If persistent hunting dog encroachment affects a farming operation, is compensation in order?
Land values have hit record levels in the past year. Iowa has experienced the biggest percentage increase, but other Midwestern states aren’t far behind. Can land prices keep going up?
For 2022, USDA reports the value of the nation’s cropland is $5,050. That’s up $630, or 14%, from 2021. This year’s figure marks back-to-back record highs in cropland values.