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Farmland Market Trends – 2nd Quarter 2023

Agricultural Economics Insights

The farmland market in the second quarter of 2023 continued the transition that began earlier in the year. As discussed in previous articles ( here and here ), farmland is a long-term investment, and one must look at expected future income to make informed decisions about what to pay today for the land.

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Transforming the Delta

Food Environment and Reporting Network

Over the next two decades, tractors, mechanical harvesters, and chemical herbicides made sharecropping obsoleteyou no longer needed much labor to farm cotton or grains. In 1920, Blacks owned or operated 14 percent of all farmland in the U.S.; The farms had to be large, though, to pay off the machines. today it is less than 2 percent.

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Why Ag Land Values Have Been Strong: 9 Images

Agricultural Economics Insights

Figure 3 – Change in Real Net Farm Income Before 2023 Large government payments have propped up farm finances from 2019-21, as depicted in the chart below. The influx of cash from government payments and profits propelled cash available to purchase farmland boosting demand and competitive bidding. Figure 7 – Farm Sector Balance Sheet.

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USDA Announces $300 Million in Awards to Support Access to Land, Capital, and Markets for Beginning and Undeserved Framers

National Sustainable Agriculture Coalition

Background Land access is one of the biggest challenges for young and beginning farmers all across the country – whether small-scale dairy farmers in New England, livestock and grain producers in the Midwest, or specialty crop producers across the South. Today, just 1% of farmers in the United States identify as Black.

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Against the grain: Uncovering Nebraska’s regenerative transition

Sustainable Food Trust

Perfectly square patches of farmland cover the entire southeast of the state. Dead straight farm tracks separate the farms and link up to railways where farmers drop off their grain to be transported to large processing units. If only my attempts at patchwork quilting looked as neat as this, I thought.

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The Farm Tax Guide: Navigating Rising Property Taxes 

Trimble Agriculture

The farmland market is historically strong, and home values in agriculture-heavy states are rising rapidly. The Implications of Rising Property Tax for Rural Landowners High land values seem like a good thing, but the downside is that when the value of farmland goes up, the taxes farmers pay on that land also go up.

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Opinion: European Farmers Are Standing Up to Free Trade—Will US Farmers?

Modern Farmer

When protests reached Brussels—where the European Parliament was in session—European Union policy makers announced plans to cushion the blow from Ukraine grain imports and address bureaucratic red tape. Adding insult to injury, EU authorities allowed the import of cheap Ukrainian grain to assist that country in its ongoing war with Russia.

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