by George Jared (gjared@talkbusiness.net)

Inflation has impacted consumers for the better part of a year, but it has also led to increased cropland acre values, according to the U.S. Department of Agriculture. The USDA’s National Agricultural Statistics Service “2022 Land Values Summary” indicates that agriculture acre values in Arkansas are up 4.7% to $3,550 per acre.

Values in the Natural State are slightly lower than the national average. The average farm acre in the U.S. is valued at $3,800, up more than 12% from the previous year. California led the nation with an agri acre value of $12,000, the report states. New Mexico has the least valuable agri acres with an average value of $610 per acre.

Scott Stiles, extension economist for the University of Arkansas System Division of Agriculture, said farmland values in Arkansas have increased four consecutive years, though the rise between the 2021 report and this year’s wasn’t as high as the national average.

https://talkbusiness.net/2022/09/agricultural-land-values-up-4-7-in-arkansas/

KUAR | By Ryan McGeeney / U of A System Division of Agriculture

Planted acreage for all major commodity crops fell from growers’ stated planting intentions in March, according to a report issued Thursday by the U.S. Department of Agriculture.

Scott Stiles, extension economist for the University of Arkansas System Division of Agriculture, said the across-the-board drop came as a surprise.

“When you tally up the March-to-June difference for all crops — soybeans, rice, corn, cotton and peanuts — June acres are 155,000 less than March intentions,” Stiles said. “You'd think with the wet April conditions that soybeans would have been the beneficiary and come in higher than the March estimate.

https://www.ualrpublicradio.org/local-regional-news/2022-07-01/planted-acreage-for-all-major-arkansas-crops-falls-from-march-forecast

Agricultural land values up 4.7% in Arkansas

Planted acreage for all major Arkansas crops falls from March forecast