Farmland sales continue to smash records. Check out these impressive numbers from 2022. As a frame of reference, USDA reports the value of the nation’s cropland is $5,050 this year, which is up $630, or 14%, from 2021.
Not to sound repetitive, but we have another record for farmland sales. In Sioux County, Iowa, 73.19 acres of high-quality farmland sold for $30,000 per acre on Nov. 11. Is it a trend or a one-time phenomenon?
If you rent farmland, you have several things to consider – from managing long-term agreements and land improvements to zeroing in on the right insurance. Here are four boxes you'll want to check.