From field cultivators and seed tenders to tractors and combines, auction prices since November 2022 have been especially crazy. Machinery Pete shares the details behind the record breakers.
Total land in farms decreased 1.9 million acres to 893,400,000 acres in 2022 versus 2021. Here is other noteworthy farmland data, courtesy of USDA’s Farms and Land in Farms 2022 Summary.
The latest U.S. Drought Monitor shows 53% of the winter wheat crop is in some level of drought. Market analysts say it’s still too early for the market to respect the poor ratings.
