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The average price of Iowa farmland reached $11,835 an acre last year, an ISU survey shows, the second year in a row that values set a record high. They have climbed 63% compared to five years ago ...
Despite rising interest rates and lower farm income, Iowa farmland values averaged a record $11,835 this year, an Iowa State University survey shows Iowa farmland values climb 3.7% in 2023 ...
U.S. farmer Rob Arkfeld was vacationing on a sandy beach in Mexico's Riviera Maya when he won an online auction to rent 535 acres of cropland back home in Iowa by bidding nearly double the local ...
shows a tractor plowing a crop field. Worker overseeing cotton gin, ca. 1940s. Agriculture is a major industry in the United States, which is a net exporter of food. [1] As of the 2017 census of agriculture, there were 2.04 million farms, covering an area of 900 million acres (1,400,000 sq mi), an average of 441 acres (178 hectares) per farm.
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. Overall production of corn in the U.S. was 15.1 billion bushels for 2021.
Crisis of the 1920s and 1930s. A farm crisis began in the 1920s, commonly believed to be a result of high production for military needs in World War I. At the onset of the crisis, there was high market supply, high prices, and available credit for both the producer and consumer. The U.S. government continued to instill inflationary policy ...
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%, according to USDA data on the market value of farmland and its ...
Agricultural land. Agricultural land is typically land devoted to agriculture, [1] the systematic and controlled use of other forms of life —particularly the rearing of livestock and production of crops —to produce food for humans. [2] [3] It is generally synonymous with both farmland or cropland, as well as pasture or rangeland .
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