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Kansas farmers abandon wheat fields after extreme drought

Farmers in Kansas, the biggest U.S. producer of wheat used to make bread, are abandoning their crops after a severe drought and damaging cold ravaged farms.

They are intentionally spraying wheat fields with crop-killing chemicals and claiming insurance payouts more than normal, betting the grain is not worth harvesting, Reuters found on a three-day tour of the state. Other growers are turning over dismal-looking fields to cattle for grazing.

Abandoning fields will lead to a smaller U.S. wheat supply in the world's No. 5 wheat exporter, with stocks seen falling to a 16-year low. High rates of abandonment deal an economic blow to farm towns and force wheat buyers to adjust procurement plans by buying the staple grain elsewhere.

Nationally, winter-wheat farmers plan to abandon 33% of the acres they planted, the highest percentage since World War I, the U.S. Department of Agriculture said in a May 12 report.

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Cheapest States to Buy Farmland in America

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.