Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»Agricultural land values reach record levels amid falling commodity prices
    Commodities

    Agricultural land values reach record levels amid falling commodity prices

    October 12, 20242 Mins Read


    LUBBOCK, Texas (KCBD) – New data shows the value of Texas farm and ranchland is at an all-time high.

    Some farmers believe this could spell trouble for the future of agriculture.

    Agricultural land values have seen an increase for the fourth year in a row according to the USDA.

    This year’s land value summary report shows the average value for U.S. farmland is up 5% at $4,170 an acre.

    Texas is faring better at $2,800 an acre.

    Michael Hutton, President of the Lubbock Association of Realtors, attributes the growth to a halo effect.

    “Values have appreciated in the city and then that has affected the county which has also affected surrounding counties,” Hutton said.

    Land prices depend on what it has to offer, such as access to water, a resource that is becoming more valuable in our area as the Ogallala Aquifer continues to shrink.

    “Having good water on land is what makes the value and what gives you top dollar,” Hutton said.

    While the price increase benefits landowners by enhancing their equity, Walt Hagood, a cotton farmer in Hockley County, says he’s concerned for new or beginning farmers.

    “If you are a young farmer trying to get started, that pretty well takes you out of position of buying farmland. Pretty much all young farmers are having to lease land,” Hagood said.

    The problem is cash rents have also jumped.

    That’s an agreement where a landowner will allow a farmer to rent their land.

    Here in Texas, renters are looking to pay an average of $46 per acre, 5% more than last year.

    It comes as input prices continue to rise while commodity prices fall, hurting both the farmer and landowner.

    “You are expecting a return on that, if you own that. Those pressures are going to be on the farmer to pay for that and everything else is inflated already. If we don’t get a better return on our crops how is anybody going to farm rented land,” Hagood said.

    Hagood believes this plays just a small role in what he calls an economic crisis for agriculture.

    Copyright 2024 KCBD. All rights reserved.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    ce Poitevin qui met le feu au festival metal de Clisson

    Commodities

    La première place pour les électriques à l’EcoGreen Energy 2025

    Commodities

    Launch of 2025 Mullingar Agricultural Show

    Commodities

    L’infernal concert de Muse au Hellfest

    Commodities

    Rencontre avec Tabahi, seul groupe de thrash metal du Pakistan

    Commodities

    Tout comprendre à la nouvelle étiquette énergie des smartphones

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Precious Metal

    Shaikh Khalifa issues law on precious metals, stones trade – News

    Precious Metal

    Forget Everything Else and Buy These Silver Stocks!

    Investments

    Again, Americans think they need $1.8 million to retire, survey says

    Editors Picks

    des silhouettes en métal de soldats britanniques de retour dans la Calvados

    April 1, 2025

    Bitcoin Dips To $55,000 As US Recession Fear Remains Strong

    August 6, 2024

    Gold and other precious metals are leaking from the earth’s core

    June 2, 2025

    L’intégrale du Débrief de la tech du lundi 28 avril

    April 28, 2025
    What's Hot

    Cryptocurrency Market Update: Ethereum ETF, SHIB, BTC, and RUNE Trends

    July 23, 2024

    PayDunya, la pépite sénégalaise qui séduit la fintech sud-africaine Peach Payments

    April 7, 2025

    La fintech Floa, filiale de BNP Paribas veut accélérer ses processus avec une IA responsable

    June 10, 2025
    Our Picks

    Tube Investments Q4 Results: Murugappa Group stock falls after revenue dips; one-time gain aids profit

    May 15, 2025

    Wyoming lawmakers discuss integration of digital assets ahead of first state-issued stable token

    May 14, 2025

    Axxes Capital Secures Strategic Investment from Grupo

    August 26, 2024
    Weekly Top

    Launch of 2025 Mullingar Agricultural Show

    June 21, 2025

    L’infernal concert de Muse au Hellfest

    June 21, 2025

    SEC-Davao monitoring 4 entities allegedly involved in cryptocurrency scams

    June 21, 2025
    Editor's Pick

    Metal fabrication shop in Rexburg approaching 20 years of business

    October 31, 2024

    Silvercape Investments Ltd annonce une participation de 11,1 % dans Petmed Express

    May 20, 2025

    Dreame casse les prix sur ces produits emblématiques (robot tondeuse connecté, AirStyle Pro)

    May 2, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.