One expert says farmland values managed to hold their ground in 2020, despite Covid-19. Gary Crawford has a story looking at what those values are expected to do in 2021.
Farmland Access Remains a Challenge for Young and Beginning Farmers
Information from the U.S. Department of Agriculture (USDA) shows that access to affordable farmland remains a significant obstacle for young and beginning farmers. While there are several programs that are specifically designed to assist young and beginning farmers, structural barriers remain for younger individuals looking to get started in the industry. According to the last USDA Census of Agriculture, farmers between …
70 Percent of Farmland to Change Hands in Next 20 Years
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 …
2018 Farmland Sales Increasing
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 …
Agri View: Buying or Renting – Land Prices
Everett Griner talks about land prices increasing, whether you are buying or renting, in today’s Agri View. Buying or Renting – Land Prices If you are going to farm, you must have land. There are two ways. You can own it or rent it. Either way, it is costing more. Some farmers do both. Here’s the way it is in …
USDA Seeks Feedback from Growers about 2018 Crops, Stocks, Livestock Inventories and Values
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 …
Total Number of U.S. Farms Down In 2017
USDA’s latest look at how many farms were in our country reveals a decrease from the previous year. Rod Bain has the details. Total Number of U.S. Farms Down In 2017
Agri View: Our Changing Face
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 …
Downward Pressure Expected on 2018 Cash Rents
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 …
Investment Firms Once Again Purchasing Farmland
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 …