Model-based principal field crop estimates, July 2023

Sep 06, 2023

In 2023, Canadian farmers are projected to produce more corn for grain and soybeans, but less wheat, canola, barley and oats, compared with 2022, according to recent yield model estimates using satellite imagery and agroclimatic data. Decreased production for most crops was driven by lower yields because of dry conditions in Western Canada.

Across much of the Prairies, lower-than-average precipitation and high temperatures have resulted in poorer crop conditions than in 2022. In Alberta, provincial reports indicated that less than half (43.1%) of the total crop was rated as being in good to excellent condition at the end of July, well below the five-year average of (60.2%). In Saskatchewan, dry conditions continue to be a concern, most notably in the southwest and west-central regions. Provincial reports from Manitoba indicated that crop conditions in the province were generally good.

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Video: Cheapest States to Buy Farmland in America

The United States has more than 895 million acres of farmland, which includes all rural land tied to farming operations, from highly fertile Midwest cornfields to vast grazing ranges in the West, as well as the undeveloped rural land, which is often sold as ranches, homesteads, or uncultivated lots. Nowadays investing in rural land is very lucrative even billionaires like Bill Gates, Jeff Bezos, and Warren Buffett have bought up thousands of acres of farmland across America. In contrast to investors, agricultural companies, and business moguls, some buy farmland for their own requisites, like starting a small farmstead, creating a cottage, and becoming self-resilient. In this video we have ranked the top cheapest states to buy farmland according to the per-acre land value, which is accumulated from the United States Department of Agriculture. The USDA’s per-acre land values come from an annual survey, which is cross-checked with actual sales data, appraisals, and market trends to ensure accuracy. So here are The top Cheapest States to Buy Farmland.