Mary Kay Thatcher, Senior Director of Congressional Relations at the American Farm Bureau Federation (AFBF) explains that although a disaster assistance package approved by Congress in early August will help some farmers, lawmakers need to finish the farm bill when they return to Washington in September.
The USDA’s National Agricultural Statistics Service (NASS) noted in its annual Land Values report on Friday that, “The United States cropland value increased by $450 per acre (14.5 percent) to $3,550 per acre.”
In addition, Friday’s report pointed out that, “In the Northern Plains and Corn Belt regions, the average cropland value increased 31.1 and 18.5 percent, respectively, from the previous year. However, in the Southeast region, cropland values decreased by 3.8 percent.”
Click on the image below to see 2012 cropland values by state, as well as percent changes from 2011.