As of May 2022, there were 5,465 satellites orbiting earth, with 3,433 of those under U.S. ownership. NASA and Congress are looking to tap into those U.S. satellites to help producers make more informed crop decisions.
Doug Hensley, President of Hertz Farm Management, says while farmland sales reached highs last year, they recently hit a plateau. Here are three market drivers Hensley encourages producers to consider.
Kentucky is the 27th state to put a wall up against the legislation. EPA countered Kentucky’s move, asking the court to make clear that the latest rule does not apply nationwide.
The Missouri Senate on Wednesday backed a plan to amend the state’s foreign land ownership threshold. The bill also includes a provision that would limit foreign countries from acquiring farmland in Missouri by Sept. 1.
“As I understand it, this rule says EPA is going to determine jurisdiction on a case-by-case basis,” says NCBA’s Ethan Lane. “This is never the way you want a bureaucracy to interact with your private businesses.”
According to researchers at Ohio State University, most U.S. states will experience a “limited effect” of the dispute in the short term. But the long-term could significantly impact states such as Illinois.
“A commitment to additional financial resources for the farm bill will help to transition our farm and food supplies away from ad hoc support,” the Committee members said in a letter.
The accelerated highs in 2022 don’t look to be hitting the brakes in the first quarter of 2023, according to Jim Rothermich, vice president of Iowa Appraisal.
