Farmland values are expected to keep momentum into next year.
Specialists attribute agricultural successes in 2023 to a few specific things: good yields, strong income, a shortage of land for sale, and leveling of interest rates. The location also played a role.
Since 2020, farmland values in the Midwest have risen 30-to-40 percent in places like Indiana, Illinois, and Iowa. According to the U.S. Dept. of Agriculture, land values in the southern U.S. also increased by roughly 10 percent in places like Arkansas, Louisiana, and Mississippi.
Economists say land values could drop however if commodity prices begin to fall.
Related Stories
New testing requirements for dairy cattle producers facing HPAI; ranchers fire back on a controversial proposal from the Bureau of Land Management; and our latest feel-good stories about some country music legends.
So far, Black Cutworm Moths have been trapped in Wisconsin and Illinois. The invasive pest larvae can cause crop damage if the eggs are not destroyed before they hatch.
Since the Tennessee Main Street program’s inception in 2010, 78 rural commercial districts have been improved. These 12 new additions bring that total number up to 90.