American Society of Farm Managers and Rural Appraisers
The Ag Economy Barometer found the majority of farmers are being offered more than $1,000 per acre by companies for solar leasing, and economists say that could also drive up the price of cash rental rates.
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.
“If I were picking both from a financial and an emotional perspective, the next place I could put a dollar, I still would favor farmland pretty highly,” Bruce Sherrick says.
The Farmland Security Act of 2023 seeks to further boost transparency in foreign ownership of U.S. farmland.
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.
The Ohio State Fair in Columbus debuted more than 2,500 lbs. of butter that features 10 life-size sculptures of kids and animals, including the iconic butter cow, a goat and a pig.