farmland acres

70 Percent of Farmland to Change Hands in Next 20 Years

Dan Economy, Industry News Release

Farmers National Company says 70 percent of farmland will transfer ownership over the next 20 years. The transfers will occur by sale, will, trust beneficiary or gifts, according to the company. For farm and ranch operations, land is by far the most significant asset in this transfer of wealth. Over the next five years, ten percent of the 911 million …

sales

2018 Farmland Sales Increasing

Dan Economy, Industry News Release

Landowners are more interested in selling this year. The amount of land Farmers National Company has listed for sale is up 21 percent compared to last year at this time. Most of the sales are coming from individuals or ownership groups who are deciding that now is the time to sell. The company says landowners may have recently inherited the …

survey

USDA Seeks Feedback from Growers about 2018 Crops, Stocks, Livestock Inventories and Values

Dan Cattle, Field Crops, Florida, Nursery Crops, Pork, Sheep-Goats, Specialty Crops

During the next several weeks, U.S. Department of Agriculture’s (USDA) National Agricultural Statistics Service (NASS) will conduct two major mid-year surveys, the June Agricultural Survey and the June Area Survey. The agency will contact nearly 700 producers across Florida to determine crop acreage and stock levels as of June 1, 2018. “Two of the most important and well-known surveys NASS …

record levels

Agri View: Our Changing Face

Dan Agri View

Everett Griner talks about how our world is changing face for the population growth in today’s Agri View. Our Changing Face It is a question that has troubled a lot of people. As the world population continues to grow, will there be enough land to grow enough food in the foreseeable future? Yes. Geologist have been studying the problem for …

cash rents

Downward Pressure Expected on 2018 Cash Rents

Dan Economy, Industry News Release

As commodity prices fell over the past few years, many landowners across the country agreed to lower cash rents. The annual LandOwner/Pro Farmer Cash Rent and Values Survey shows a majority of the respondents expecting cash rents to continue their lower trend in 2018. LandOwner consultant and columnist Mike Walsten says the survey also shows the focus on lowering cash …

record levels

Investment Firms Once Again Purchasing Farmland

Dan Economy, Industry News Release

Wall Street investment firms are once again putting money into farmland. Institutional investors are buying up farmland as farmers, who would normally be competing for the land, are hanging on to their cash. This investment money can mean different things for local ag communities. Some institutions will purchase land and lease it back to a farmer, who can then continue …

inherited

So, You’ve Inherited a Farm, Now What?

Dan Economy, Education, Industry News Release

The University of Nebraska-Lincoln Extension is sponsoring a series of seminars next week focusing on issues that involve inheriting farmland. The seminar is titled “So, You’ve Inherited a Farm, Now What?” and will provide information and education about farmland ownership.  Extension Educator Allan Vyhnalek  will be one of the presenters at the two and half hour seminar. Info Vyhnalek says …

Foreign Investment in U.S. Farmland Rising

Taylor Hillman Industry News Release

A Chinese firm made big news in 2013 by spending $4.7 billion to acquire U.S. processor Smithfield Foods. In that same deal, the company also acquired over 146,000 acres of U.S. farmland worth more $500 million. The group, now known as WH Group Limited, became one of the largest foreign owners of U.S. land. That purchase is part of a …