Average farmland values for the Nation mask wide regional variation. Cropland values (the land value excluding buildings) exceeded $5,000 per acre in 2007 in the Northeast and Pacific regions, where high-value crops fruits, vegetables, and orchards' are grown and development pressures are high.
An in-depth analysis of U.S. land use patterns released earlier this week by the USDA shows total cropland decreased by 34 million acres from 2002 to 2007, the lowest level since USDA began collecting this data 1945.
U.S. farmland values continued to climb in the first quarter, with the price of cropland in the heart of the Great Plains rising 20% in the first quarter, the Federal Reserve Bank of Kansas City said Friday.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at President Trump's tariff reduction on ag equipment, the latest dealer sales forecasts, and how high input costs are keeping farmer sentiment down.
Since 1980, A&I Products has become a leading manufacturer and wholesale distributor of aftermarket replacement parts for the agricultural, turf, and industrial equipment markets. A&I Products' experience and expertise has greatly contributed to the company's reputation as a top supplier of quality, reasonably priced parts. Founded with roots as a small machine shop and repair facility, the company made the transition by manufacturing new parts to replace those that were identified as commonly needing repair. Throughout the 1980s, the company quickly garnered a reputation for offering quality parts at a reasonable price.
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
At Machinery Scope, we believe you deserve the best risk management solutions for your investments in heavy equipment. Since 2013, we have been proud to offer extended warranty, appraisals, and inspections. Machinery Scope is a family-owned business built on our experience in farming and equipment dealerships. We understand your business and provide a personalized and professional level of customer service. Machinery Scope has built a strong warranty product with our customers in mind, offering the same professional level of service from the time you get a quote, through the processing of a claim.