LandFund Partners’ Post

Amidst Tennessee's rapid growth, preserving our agricultural roots is paramount. With concerns mounting over the loss of two million acres of farmland by 2027, it's evident that action is needed. The proposed Farmland Preservation Fund, championed by Governor Bill Lee, aims to incentivize farmers to keep their land agricultural. Under this initiative, farmers would receive state support to continue farming their land, provided they refrain from selling to developers for at least 15 years. While the bill faces hurdles in the Senate, recent indications suggest a potential reconsideration. Old Drake, dedicated to farmland acquisition and development, stands in solidarity with efforts to safeguard Tennessee's farming legacy. Let's ensure our country lanes and fertile fields endure against the tide of development. 🌾 Learn more with Old Drake. 📱(713) 208-9683 #FarmlandPreservation #TennesseeAgriculture

According to forecasts, the acreage of farmland openly marketed through the end of the third quarter of 2023 has returned to pre-pandemic levels. Average values of farmland have been rising, yet the rate of growth is varied. During the first nine months of this year, a total of 141,700 acres of lowland farmland has been put on the market in Great Britain – more than in any of the previous four years. 10% of farmland marketed each year is typically launched in the final quarter, meaning that we can estimate the total supply for 2023 to be around 158,900 acres, surpassing the 10-year average a year earlier than predicted in the Farmland Market Spotlight published in January. Even so, this amount remains below the averages seen during the 1990s. Read more here:

To reprioritize grazing on public land, in 2023 ABP worked closely with Western Stockgrowers' Association (WSGA), Alberta Grazing Leaseholders Association (AGLA), and Northern Alberta Grazing Association to develop the Rangeland Grazing Framework. The Framework highlights the importance of ranchers in ecosystem heath and recognize that producers need to be supported by policy to maintain the landscape. Read more on ABP's government relations and policy work in the 2023 Annual Report: https://lnkd.in/gkbeNH3S

Farm real estate values in Ohio were up 9.1% from 2021. Ohio is in the Corn Belt region, which also includes Illinois, Indiana, Iowa, and Missouri. The Corn Belt region value was $7,560 per acre, up 14.9 percent from 2021. The value of farmland in States bordering Ohio were: Indiana, $8,000 per acre; Kentucky, $4,350 per acre; Michigan, $5,850 per acre; Pennsylvania, $7,350 per acre; and West Virginia, $3,000 per acre.

🌾 Old Drake Reacts: New Farmland Record! 🌾 Move over Iowa, there's a new record in town! 📈 Missouri farmland just sold for a whopping $34,800 per acre, beating out the previous Iowa record. 🚜💰 In just 15 minutes, a bidding war between two farmers led to this historic sale. 🏆🌱 Notably, the winning bidder isn't an investor but a local farmer whose land touches the purchased land. 🔥 Jim Rothermich of Iowa Appraisal called it a "rapid-fire auction." 🌾🏡 With the demand for high-quality farmland soaring, this record-breaking sale proves that anything is possible in the land market. 📊 While this new record has positives for nearby landowners, it might mean higher prices for those looking to buy more land. 📈🌟 The farmland market continues to surprise, and the future looks promising for those willing to invest in this long-term opportunity. 🌄 Give us a call to learn more! ☎️ 713-208-9683 #FarmlandRecords #LandMarket #Agriculture #InvestmentOpportunity #OldDrakeInsights

At this week's Board of Commissioners meeting, we approved a resolution allocating approximately $2 million for ag preservation efforts in Lancaster County. These funds are then provided as a match for state ag preserve funds, which last year brought in an additional $2.8 million of ag preservation funds, which we expect to receive about the same this year. Included in the aforementioned funding that we allocate is a $250,000 Challenge Grant to the Lancaster Farmland Trust. This year will mark the 20th year of providing this grant. The Trust uses these funds to attract private funds to match or exceed the County's Grant. Last year the Trust used the Grant to leverage an additional $1.4 million in funds and land value to preserve 6 farms on 353 acres. Meanwhile, the County Ag Preserve Board preserved preserved 20 farms on 1,535 acres. We as a community are committed to protecting some of the best farmland in the world here in Lancaster County. This is shown in the public-private partnership, it shows in the contributions made by Lancastrians, it shows in the land that land owners / farmers preserve and their contribution of value. And it shows in the fact that we continue to be the #1 county in the nation in ag preservation and a leading county in the Commonwealth and nation in ag production.

It seems like it should be a rite of passage for a Wisconsin Realtor to sell a Dairy Farm. Whether it is or isn’t, this Dairy Farm with 7 dwellings, 3 production facilities and 1,411 acres is CLOSED. PARADIGM Real Estate Corporation has a long reach and can help any type of business. #dairyindustry #dairyfarming #milkproducts #cre #industrialbuildings #agribusiness #wisconsinrealestate #milwaukeerealestate

We are your guide when it comes to completing your closing transactions. ☑️ 🏠 Residential - A home purchase is an important event in your life. Trust us to be the ones who make sure there’s a celebration at the end. 🌾 Agriculture - Farming is a part of life in Middle Tennessee. Make sure you have a closing partner who will work to protect your land now and in the future. 🏢 Commercial - These transactions are unique. No matter how yours plays out, we’re the experts you want to make sure the deal stays on track. Visit our website 1810title.com to work with closing experts! #Choose1810 #sayyestotheaddress #TNrealestate #TNliving #commercialclosing #agricultureclosing #residentialclosing

We’ve partnered with several other agricultural finance organizations - including 10 Texas Farm Credit District lending cooperatives, Farm Credit Bank of Texas, and CoBank - pledging a combined $380,000 to support the agricultural producers and communities stricken by the devastating wildfires in the Texas panhandle and Oklahoma, with the hope that they will soon be able to rebuild and recover. https://bit.ly/3T8gMh2

For those of you who may be worried that another farm financial crisis is brewing, here is your antidote. This is the money chart in the article. Literally. The orange line is the current ratio for all Illinois farms in the FBFM accounting system (the best in the nation!). Shows that at the end of 2022 Illinois farms had three times as much cash on hand as current liabilities. We don't have 2023 data yet. There might be some erosion in the current ratio for 2023 but I bet that it will be small, if it declines at all. The key takeaway for me is that the average farm has at least a million bucks of liquidity on hand to weather a downturn. We have to burn through that cash before we can even begin to think about liquidity problems, let alone solvency problems.