The acreage battle will be a hot topic in 2023, especially for the cotton market. Early indication the nation’s farmers will be planting less cotton.

A record Iowa land sale occurred in Dubuque County, Iowa last week with High Point Land Company saying it auctioned off 60 acres for $30,000 per acre. With financial stakes so high, who can afford these big money moves?

Company leaders say this centers on a revised strategic plan that will effect 3% of the workforce and lead to $8 million in severance. The goal is to reposition the AGI Digital business for future profitability.

While normally any moisture to the Golden State would be welcomed, the massive “Bomb Cyclone” storm hitting California is far from normal. High winds, heavy rain and power outages have impacted California farmers.

“For the next two years, I am intensely focused on… leading the passage of the next five-year Farm Bill, which determines our nation’s food and agriculture policies,” says Sen. Stabenow.

Farmers National Company released its 2023 land values report this week, showing land sold at auctions set records in several states with values across Corn Belt States seeing a year-to-year increase between 20% and 34%.