LITTLE ROCK, ARK. (RFD-TV) — With the U.S. fall harvest wrapped up and crops out of the ground, many producers are taking time to evaluate their property and plan strategies for profitability.
Jeramy Stephens with National Land Realty joined us on Wednesday’s Market Day Report to guide landowners and farmers.
In his interview with RFD-TV News, Stephens addressed key considerations for farmers re-evaluating their property post-harvest, including protecting the legacy of aging landowners and preparing for the future of their operations. He also discussed the current state of the agricultural land market now that harvest is behind us and offered advice for anyone looking to buy or sell land in today’s environment.
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Dr. Gary Schnitkey from the University of Illinois discusses farmers’ sentiment toward industry consolidation, especially in the fertilizer sector, where costs remain historically high.
To qualify, land must be in the U.S., used substantially for farming in the last 10 years, and restricted from non-farm use for at least 10 years after the sale.