“If we step back and look at what that means for farmland, we're taking our energy production system from highly centralized production facilities and we have to distribute it,” says David Muth.
In October 2023, Arkansas became the first state to ban foreign-owned farmland. More states look to adopt similar laws, but one policy expert says the issue is rooted in politics and warns of unintended consequences.
Paul Schadegg, with Farmers National Company, shares his perspective on agricultural real estate demand, the impact of interest rates on the market and the outlook for land values later this year.
Paul Schadegg, with Farmers National Company, shares his perspective on agricultural real estate demand, the impact of interest rates on the market and the outlook for land values later this year.
For those in agriculture, owning farmland has long been viewed as a symbol of status and wealth. Now, even individuals who don’t farm are jumping on board, looking to buy farmland.
House Republicans asked the General Accountability Office to conduct a study on U.S. lands owned by foreign entities. The letter was signed by scores of other House Republicans.
State officials in Montana are combining resources and asking for the public’s help to keep feral hogs encroaching from Canada at bay with a program called “Squeal on Pigs.
Demand for high-quality, productive farmland remains strong, according to recent farmland sales data. Here are results from three February 2018 farmland auctions, where prices topped $10,000 per acre.
Outside influences such as investor interest, changes in U.S. trade policy, unexpected consequences from tax laws and potential changes in the next farm bill could also send farmland values south.
The lack of supply has been key in supporting values during this correction in prices. And it is what makes this correction different from the plunge in farmland values seen in the 1980s.
One provision of the new tax plan drawing sharp criticism is the elimination of the deduction for personal loss from natural disasters such as wildfires, unless the event is a federally-declared disaster.