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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%.
Home prices by county (2021) <$100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000+ Cost of housing by State. This article contains a list of U.S. states and the District of Columbia by median home price, according to data from Zillow.
The US is the world's largest producer of corn. [8] According to the United States Department of Agriculture (USDA), the average U.S. yield for corn was 177 bushels per acre, up 3.3 percent over 2020 and a record high, with 16 states posting state records in output, and Iowa reporting a record of 205 bushels of corn per acre.
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.
Since the 1960s, local authorities buying up land under compulsory purchase orders have been required to pay inflated prices, offering a premium for landowners including farmers.
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Railroad grain elevator facilities (2014) 110 or greater grain car 100 to 109 Less than 99 Announced facility (2014) Map of U.S. states in the Corn Belt The Corn Belt is a region of the Midwestern United States and part of the Southern United States that, since the 1850s, has dominated corn production in the United States.
The state of Illinois has the second highest rate of real estate tax: 2.31%, which is second only to New Jersey at 2.44%. [189] Toll roads are a de facto user tax on the citizens and visitors to the state of Illinois. Illinois ranks seventh out of the 11 states with the most miles of toll roads, at 282.1 miles.
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