Ohio State University
farmdoc daily (11):106
farmdoc daily (11):106, Department of Agricultural and Consumer Economics, University of Illinois at
Urbana-Champaign, July 13, 2021. Permalink
Cover crops reduce nitrogen effluent in water and increase soil carbon over time, thereby providing environmental benefits, which may also translate into longer-term economic benefits. However, the costs associated with cover crops in the initial years usually exceed benefits accruing directly to farmers and landowners. Over time, benefits may increase and exceed costs. Land tenure and rental arrangements likely will impact adoption, with adoption more likely on owned farmland than rented farmland. Public policy that encourages cover crop adoption should consider rental arrangements’ impact on incentives. Similar incentive issues exist for other conservation practices, as well as carbon credit markets.
WBGZ Radio 4/21/2021 |
By Kevin Bessler - Illinois Radio Network
The values of Illinois agricultural lands are increasing, as is optimism.
Appraisers first noticed the uptick late last year with Class A land when lands with few imperfections began selling for record prices.
Illinois Society of Professional Farm Managers and Rural Appraisers Past President and Accredited Farm Manager Seth Baker said rising commodity prices have pushed up land values.
“We’re seeing sales at $14,000 up to as high as $16,000 an acre,” Baker said.
Besides crop prices, another factor driving prices up is investors, Baker said.
“They think inflation might be coming with all the stimulus money that’s being pumped into the U.S. economy, and traditionally farm ground is a good hedge against inflation, so it’ll kind of follow inflation,” Baker said.
Perfect storm of factors drives up Illinois farmland values | WUEZ magic951.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from magic951.com Daily Mail and Mail on Sunday newspapers.
SPRINGFIELD, Ill. (IRN) The values of Illinois’ agricultural lands are increasing, as is optimism.
Appraisers first noticed the uptick late last year with Class A land when lands with few imperfections began selling for record prices.
Illinois Society of Professional Farm Managers and Rural Appraisers Past President and Accredited Farm Manager Seth Baker said rising commodity prices have pushed up land values.
“We’re seeing sales at $14,000 up to as high as $16,000 an acre,” Baker said.
Besides crop prices, another factor driving prices up is investors, Baker said.
“They think inflation might be coming with all the stimulus money that’s being pumped into the U.S. economy, and traditionally farm ground is a good hedge against inflation, so it’ll kind of follow inflation,” Baker said.