Both agricultural lenders and economists are watching the possible impact higher interest rates will have on not only the number of U.S. farmland sales, but the price.
Farmland in parts of Iowa, Minnesota and Nebraska, for example, have seen 30% to 40% year-over-year moves up in price. One expert sees no land price weakness anywhere in the U.S. but shares how that could change.
The Biden Administration is deploying money and resources to ramp up clean energy projects across rural America. The White House says the plan taps federal lands to install wind, solar and geothermal energy projects.
Drive down any country road and you'll see it. You may have never thought it would be worthy of a large museum, but then again, you probably never imagined this had such a storied history.
“We heard the farmers loud and clear last year, and it changed the product road map,” Tillable CEO Corbett Kull. “We changed the way we approach the market not only to landowners but to growers."
The barometer drifted lower in January to a reading of 167. Even so, it shows areas of farmer optimism about making capital improvement investments and the outlook for farmland values.
University of Illinois (U of I) recently released crop budgets for three regions in Illinois based on historical returns and costs to discover dismal profit forecasts for the 2019 season.
Ultimately, bushels are what make money. Cost per acre matters, price matters, but bushels are what actually bring in dollars and cutting yield short by renting cheaper land could cost more.
The way you communicate with your landlords is critical. A strained, or nonexistent relationship could reduce your chances of keeping land, negotiating lower rent or getting buy in for land improvement.