farmland

The Midwest lost 1.06 percent of its farmland in the two decades ending in 2021; development accounted for half of the loss, said three Ohio State University analysts on Monday. "The role of large urban areas is paramount, as 81 percent of land lost to development in the eight states occurred within metropolitan statistical areas," which are regions with a core city of at least 50,000 people and strong ties to its surrounding communities.

Local governments have imposed at least 2,600 restrictions on wind and solar power projects in their jurisdictions, with local opposition seeming to rise with the size of the project, said a USDA report on wind and solar development in rural areas. Wind and solar projects had a combined footprint of 423,974 acres in 2020, or 0.05 percent of the nation's 870 million acres of farmland, said the four economists who wrote the report.

The largest farms — with sales of $1 million or more — operate nearly 26 percent of U.S. farmland, six percentage points more than they did a decade ago, even as the number of farms has changed little, said the USDA. In its annual Farms and Land in Farms report, the USDA estimated there were 2.003 million farms in the nation in 2022, a decline of 0.5 percentage points from 2012.

With cash in their wallets, farmers are joining a throng of bidders that includes investors to drive up prices for farmland, said the largest U.S. farm management and real estate company on Tuesday. "Farmland sales prices are up by 5 to 15 perent in the past six months with most of the increase coming since the first of the year," said Randy Dickhut of Farmers National Co., based in Omaha.

While U.S. farmers spent several years in the doldrums, agriculture in the rest of the world “appears to be in a sustained period of prosperity dating to the early 2000s,” said agricultural economist Carl Zulauf of Ohio State University. Growers overseas have steadily expanded the amount of …

The average acre of farmland in Iowa, the top corn-growing state, is worth $7,559, an increase of 1.7 percent from 2019, despite the effects of the pandemic and the accompanying economic slowdown, said Iowa State University on Tuesday. It was the second year in a row of modest increases but land values remain $1,157 below their 2013 peak hit during the commodity boom.

Billed as "the magazine of the American landowner, The Land Report says the largest 100 landowners in the nation acquired an additional 2 million acres during 2017, an area larger than Delaware. All told, the 100 largest private land holders own 40.2 million acres, equivalent to the land mass of the New England states with Vermont excluded, said the Washington Post.

Reps. Sean Maloney of New York state and Ryan Costello of Pennsylvania unveiled a U.S. House bill to help young and beginning farmers get established. The sponsors said action is needed because of the advancing average age of U.S. farmers, nearly 60 in the 2012 Ag Census.

A high-resolution search by satellite found 15 to 20 percent more cropland in the world than previously thought and identified India as the world leader, says the U.S. Geological Survey. The USGS says its new map, showing 1.87 billion hectares of cropland, will help "to ensure global food and water security in a sustainable way."

Lawmakers from the Plains and Midwest filed companion bills in the House and Senate to discourage farmers from converting native sod into cropland nationwide by closing a crop insurance loophole. The legislation would require a reduction of crop-insurance subsidies for four years before producers could qualify for them.

Since 1978, foreign entities and individuals have been required to report it to the USDA if they have at least a 10 percent interest in parcels of U.S. farmland totaling 10 acres or more. Yet the USDA does not review the reports for accuracy or completeness and, for lack of resources, does not even investigate if foreign investors are filing the required reports, says the Midwest Center for Investigative Reporting.

Impact investors are now putting more money into food and agriculture than any other sector, using their capital to help ranchers switch to 100 percent grass-fed beef production, to connect small farms to communities with little access to fresh food, and to transition farmland used to grow commodity corn and soy to organic, regenerative systems, says Civil Eats.

As costs have dropped, solar panels are becoming a common sight, including in rural America, where farmers are using solar to offset their costs in a variety of ways, says Civil Eats. When farmers move beyond generating electricity for farmstead use into acres of solar panels, it creates a tussle between clean energy and preservation of open spaces for forests and farms, according to a news site in Connecticut, where solar has the upper hand.

The University of Nebraska's annual Farm Real Estate Survey says the average value of farmland in the state fell by 10 percent in the past year, to $2,805 an acre. It was the third year of declines since land peaked at an average $3,315 an acre, an overall drop of 15 percent.