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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%.
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.
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.
Inflated prices for land are stopping the government from hitting its targets in building new social housing, according to a study.. Since the 1960s, local authorities buying up land under ...
But the government began rolling back this policy in the 1970s, and now the global market largely determines the price they get for their crops. Big farms can make do with lower prices for crops by increasing their scale; a few cents per gallon of cow's milk adds up if you have thousands of cows. —Time, November 27, 2019
A smaller area of land located north of the park area was put to use for the Illinois 4-H Memorial Camp and its related recreational programs. Finally, the third and largest area composing 3,775 acres of land in eight different farms all north of the Sangamon river was farmed by tenants and the income used to support the rest of the park. [10]
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]
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.