Both agricultural lenders and economists are watching the possible impact higher interest rates will have on not only the number of U.S. farmland sales, but the price.
Farmland in parts of Iowa, Minnesota and Nebraska, for example, have seen 30% to 40% year-over-year moves up in price. One expert sees no land price weakness anywhere in the U.S. but shares how that could change.
The Biden Administration is deploying money and resources to ramp up clean energy projects across rural America. The White House says the plan taps federal lands to install wind, solar and geothermal energy projects.
“We heard the farmers loud and clear last year, and it changed the product road map,” Tillable CEO Corbett Kull. “We changed the way we approach the market not only to landowners but to growers."
The barometer drifted lower in January to a reading of 167. Even so, it shows areas of farmer optimism about making capital improvement investments and the outlook for farmland values.