News

Record High Ag Land Prices Pressuring Beginning Farmers And Ranchers

Record High Ag Land Prices Pressuring Beginning Farmers And Ranchers

Photo: WNAX


Many states in the Midwest are seeing record land prices continuing this summer and into the fall selling season. There have been strong prices for crop land in South Dakota, Kansas, Illinois, Indiana and Iowa. And Land in Northeast Nebraska recently brought over $ 13,000 per acre. Center for Rural Affairs Policy Director Johnathan Hladik says beginning farmers and ranchers are already having difficulty getting land to farm and ranch and these kind of prices makes it almost impossible for them to get started in the business.

He says keeping young people working in production agriculture and keeping rural communities viable is even more difficult if they aren’t able to access the land they need.

Hladik says they were able to retain the Beginning Farmer Tax Credit program in Nebraska and that’s something those starting to farm need to check out.

Another challenge beginning producers are running into when attempting to purchase land is that there’s also demand for lower quality land and prices for that is also going up.

Recent Headlines

4 weeks ago in Local

WHAT DOES MARIJUANA RECLASSIFICATION MEAN FOR SOUTH DAKOTA?

SIOUX FALLS, S.D. (Dakota News Now) – President Trump’s executive order to reschedule marijuana from a Schedule 1 to a…

4 weeks ago in Local

GOVERNOR RHODEN ANNOUNCES $200,000 GRANT SUPPORTING KEEP FARMERS FARMING PROGRAM

SIOUX FALLS, S.D. (Dakota News Now) – On Monday, Governor Rhoden announced a $200,000 grant from the Future Fund for…

4 weeks ago in Local

ICE’S YEAR IN SOUTH DAKOTA, FROM SMALL TOWNS TO OPERATION: PRAIRIE THUNDER

SOUTH DAKOTA (Molly Wetsch / South Dakota News Watch) – Five months after Operation: Prairie Thunder officially began, the South Dakota…

4 weeks ago in Local

SOUTH DAKOTA STATE ECONOMIST SAYS FARM ECONOMY HAS HELD BACK SALES TAX REVENUES

SIOUX FALLS, S.D. (Joshua Haiar / South Dakota Searchlight) – South Dakota’s State Economist Derek Johnson told the state Banking…

4 weeks ago in Local

STATE SPENDS $43,000 IN TROOPER OVERTIME FOR OPERATION PRAIRIE THUNDER

PIERRE, S.D. (John Hult / South Dakota Searchlight) – The South Dakota Department of Public Safety says a saturation patrol…