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The agricultural policy of the United States is composed primarily of the periodically renewed federal U.S. farm bills.The Farm Bills have a rich history which initially sought to provide income and price support to US farmers and prevent them from adverse global as well as local supply and demand shocks.
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From 2017 to 2022, the average value per acre of all American farmland grew from $4,368 to $5,354, an increase of nearly 23%.
Prices and rents for agricultural land depend on supply and demand. Prices/rents rise when the supply of farmland on the market reduces. Landholders then put more land on the market – causing prices to fall. Conversely, land prices/rents fall when the demand for agricultural land declines because of falls in the returns from holding and using it.
The first USDA agency formally tasked with data collection was the Division of Statistics, created in 1863, one year after the USDA itself was created. [1] By 1902, a Division of Foreign Markets had been created, and the following year, that division was merged with the Division of Statistics to form the Bureau of Statistics. [1]
Depending on local competition for farmland, prices have been “really variable,” she said. The highest per-acre farmland sale was $30,000 in Sioux County in 2022.
All land outside of UBG is classified as EFU, making zoning required to establish the difference in areas. EFU protects the agricultural land by requiring government interference. The push for adoption for local zoning regulations for agricultural zoning became difficult overtime as local governments failed to implement agrocultural zoning ...
Prime farmland is a designation assigned by U.S. Department of Agriculture defining land that has the best combination of physical and chemical characteristics for producing food, feed, forage, fiber, and oilseed crops and is also available for these land uses.