![]() With newly available soil-monitoring technology, soil sampling can be automated. Using ground probes to manually collect soil samples from assumed "best" locations doesn't always give an accurate look at soil quality. Soil monitoring has been a time-consuming process for farmers for years. Soil quality monitoring technology: We’ve already been improving our soils and making our fields more uniform for more than 20 years through various crop mapping and variable rate applications.For farmers facing issues feeding enough water to all arable ground due to the cost, this is a major advantage. Water delivery rates can even be adjusted independently according to specific zone needs. Ground coverage has improved, but these advanced systems are also capable of using sensors to monitor moisture levels in the ground and supply precisely the amount of water for optimal growth. Smart irrigation systems: Irrigation systems are now more than basic water-delivery implements.You really don't have to look hard to find examples of technology that offer the opportunity to increase the value of a farm. New technologies in agriculture drive farming profitability. And in response to Covid-19, I saw that the buying interest in land has increased, which further affects values today. But of course, the limited availability of land is definitely a contributing factor to increased value and price as well. Land that was once considered "undesirable" or difficult to farm can now be developed into a healthy, operational farm with the right technology. I believe one reason for these changes can be attributed to technology. vegetables and two-thirds of domestic fruits and nuts, I've seen that irrigated farm ground prices are selling at a staggering $20,000 to $40,000 per acre. ![]() In California, which produces at least a third of U.S. Even more noteworthy, 40.8% of farmland was directly operated by farms seeing sales volumes of $500,000 or more.īetween 20, the average real estate value per acre of farmland nationwide has risen from $1,830 to $3,160. The USDA's Farms and Land in Farms 2019 Summary showed that while the number of farms dropped between 20, the average farm size has continued to grow. ![]() ![]() Farm sizes and farmland values are changing.įarms are evolving, both in size and value. ![]()
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