Based on technology of last resort, we can look back from the Zip-tie Age, Duct Tape Age and Tarp Strap Age to one of the longest, the Baling Wire Age.
USDA found that out of every food dollar spent, the farmer receives 14.5¢. This is down from 2020’s 15.5¢. Seth Meyer, USDA’s chief economist, says the decrease in return doesn’t necessarily mean a producer is making less in a given year.
Farmland sales continue to smash records. However, Brent Gloy of Agriculture Economic Insights thinks values will be at a cruising altitude for now due to a number of reasons.
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