Trends in U.S. Farmland Values and Ownership
Date: October 9, 2012
Time: 1 p.m.
Contact: Rosa Soliz, 517-355-3373, firstname.lastname@example.org
This report of the North Central Regional Center for Rural Development (NCRCRD) examines both macroeconomic (interest rates, prices of alternative investments) and parcel-specific (soil quality, government payments, proximity to urban areas) factors that affect farmland values. In the past few years, U.S. farmland values have been supported by strong farm earnings, which have helped the farm sector in many regions to withstand the residential housing downturn. Historically low interest rates are likely a significant contributor to farming’s current ability to support higher land values. About 40 percent of U.S. farmland has been rented over the past 25 years. Non-operators (landowners who do not themselves farm) owned 29 percent of land in farms in 2007, though that proportion has declined since 1992.
To view the webinar on Oct. 10, go to: http://connect.msu.edu/ncrcrd