One-third of Illinois farmland owners have interest in organic practices

Nearly a third of Illinois farmland owners said they have had more interest in organic practices, and this trend continues to pick up interest, according to a recent survey by Illinois Society of Professional Farm Managers and Rural Appraisers (ISPFMRA).

The surprising finding was one of responses in the survey, which also found that Illinois farmland owners saw a 20% increase in the value of their land in the first half of 2021.

According to the U.S. Department of Agriculture’s Economic Research Service, approximately 39% of the 911 million acres of farmland in the lower 48 states is rented. More than half of cropland is rented, compared with just over 25% of pastureland.

The survey was conducted in mid-August among ISPFMRA members and others associated with farmland sales and valuations.

Source: Farm Progress

To view source article, visit: https://www.farmprogress.com/land-management/illinois-farmland-jumps-20-first-half-year

Organic & Non-GMO Insights October 2021