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and Australia—from the flooded rice fields of the Mississippi Delta to the vast tracts of high-yielding corn in the Midwest—by placing the farmland in a limited liability corporation, or LLC. It’s just the expansion of the RealEstate Investment Trust [REIT] business model into farmland,” said Taber.
When farms are continually consolidated—when there is one 5,000-acre farm in a community, for example, instead of 50 100-acre farms—fewer people remain in rural areas. Small and midsized farmers are being forced out, with consequences for rural communities. They also face pressure from realestate development.
NSAC welcomed the pragmatic Senate bill, the Rural Prosperity and Food Security Act of 2024 (RPFSA) , as an important step toward completing a bipartisan farm bill reauthorization this year. There are several dedicated rural partnership investments with the potential to dramatically increase support for regional food enterprises.
As more people pour into metropolises—urban populations are projected to double in the next three decades, according to the World Bank —scientists like Bousselot are investigating how designers and planners can ruralize cities, greening roofs, and empty lots. What we should probably focus on is resilience overall.” “The
Landwise Analytica delivers land-suitability reports to farmers, realestate agents, insurance providers, and mortgage lenders in the agriculture sector. Eco Technology s flagship product, aquasource, is a biodegradable absorbent that significantly reduces water usage, increases crop yields, and improves soil health.
Each week, Path Finders features a Q&A with a rural thinker, creator, or doer. Brooks Lamb: I grew up on a small farm in rural Tennessee. I’ve gone on far too long in this response, but I’ll close by saying: I understand the challenges of rural communities and small and midsized farming because I’ve lived them.
There’s been a slight reduction in both sales volume and value growth within the ag realestate market. Those policy actions, combined with depleted consumer savings, tighter commercial bank lending standards and the persistently inverted yield curve are likely to result in a mild recession by the fourth quarter of 2023.
The full report is available online at fapri.missouri.edu, but here are some key results: If weather conditions allow crop yields to return to trend-line levels in 2023, prices for corn, soybeans, wheat, cotton and many other crops are likely to fall. Consumer food price inflation jumped to 9.9%
In 2018, we fought for FSA Direct Farm Ownership loan caps to be raised to $600,000 from the previous limit of $300,000, which was no longer meeting farmers’ needs in the realestate market. 4306) TITLE VI: Rural Development GREEN FLAG Reaffirms commitment to vital rural development initiatives.
The governor of North Carolina had authorized the dumping of the soil, contaminated with polychlorinated biphenyls, or PCBs, which had been linked to cancer, in the rural county. In the rural Hecks Grove communityless than a mile from where Robert E. As director of farmer inclusion, his job is to distribute $1.7
After six years of enriching the soil and cultivating neighborly relationships, however, We Grow Farms is up against an insurmountable challenge facing many farms and pastures across the state: the realestate market. While Hawkins is sympathetic to the need, he says the farm’s uprooting will come at a great cost.
One key tax reform under consideration is removing the stepped-up basis for gains in excess of $5MM per individual or $10MM per couple (or ($5.25MM and $10.5MM, respectively, when combined with existing realestate exemptions). While a majority of U.S.
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