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Unrest in Farmland USA

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Touch the Soil News #781 According to an Iowa State University Land Value Survey, the going price for an acre of farmland in Iowa was $419 in 1970. By 2016, an acre of Iowa farmland averaged $7,183 – an increase of 1,600 percent. Today, America has around 918 million acres of farmland. Of that amount 318 million is primary farm ground for crops – grain, potatoes, soybeans, vegetables and fruits. The remaining 600 million acres is pasture for livestock. According to the USDA, about 30 percent of farmland (275 million acres) is not owned by farmers, but by non-farmers renting it out. With the median age of the American farmer…

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Farmers Markets by the Numbers

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Touch the Soil News #509 The bottom line is that farmers’ markets are continuing to grow according to the USDA. On average, over the past 20 years, the number of farmers’ markets in the U.S. have increased an average of 315 new markets every year (see Info Graphic below). Estimates are that sales at farmers’ markets in America will reach about $1.1 billion in 2016. The top five states with the most markets (from the bottom) are Ohio, Michigan, Illinois, New York and California as No. 1. Each year, different organizations list their top ten favorite farmers’ markets. While they vary each year, some of the top farmers’ markets in…

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Food and the Federal Reserve Bank

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Touch the Soil News #173 Few things are as obfuscating as the operations of the Federal Reserve Bank and how these processes are the cornerstones of Capitalism. Peter Puffin and Freddie Frog have invited Banker Bob to discuss just one aspect of the larger arena of operations – cash to buy food at the farmer’s market. All of the concepts presented are in exacting harmony with the Federal Reserve publication called “Modern Money Mechanics.” As is often said, “truth” can be stranger than fiction and as entertaining as well. While this short adventure of Peter and Freddie is not all inclusive of what goes on in the financial world. It…

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