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In 2017, the average price-per acre of Minnesota farmland didn't hit $5,000; today, land averages more than $6,000 an acre. The ag census spans thousands of counties, bureaus and parishes across ...
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%.
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 ...
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.
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 a 2023 article from Nasdaq, the value of farmland has been shown to rise alongside inflation, with the value of U.S. farmland hitting 10.2% in 2022 at a time when the average ...
This article includes the table with land use statistics by country.Countries are ranked by their total cultivated land area, which is the sum of the total arable land area and total area of permanent crops.
Minnesota is a state situated in the Midwestern United States. According to the 2020 United States census , Minnesota is the 22nd most populous state with 5,706,494 inhabitants but the 14th largest by land area , spanning 79,626.74 square miles (206,232.3 km 2 ) of land. [ 1 ]
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