Will Yields Continue To Increase Into The Future?

 

By the year 2050, there will be 9.8 billion people on earth to feed.

 

That from Kurt Ahrens, founder of market analysis company Grainbot, who was a speaker this week at the Grain World Conference in Winnipeg.

 

Ahrens talked about the importance of storage going forward.

 

"I think storage is going to out-yield farmland investment to a decent degree, in the right parts of the world," he said. "I think that's going to be in most parts of the world. I believe that there's going to be a lot of carry in the market in terms of wheat. Corn and beans, I think there's going to be a bit of a carry, but if you're in wheat I think you certainly want to have plenty of storage on hand. It's going to be tough to make a profit growing wheat here in the next few years potentially, but you're going to make a lot of money on the storage if that's the case."

 

He expects yields in corn, wheat, and soybeans to increase by about one per cent per year by the year 2050. There are no biological walls that Ahrens can see that would slow down this process.

 

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.