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US Flax Output Up Sharply; Lentil, Pea Crops Larger

Just like north of the border, American producers had a big bounce back year for flax production. 

In its first estimate of the 2022 crop on Thursday, the USDA pegged American flax output at 120,400 tonnes, up a major 58% from the drought-reduced 2021 crop of just 93,156 tonnes. At 244,000 tonnes, US flax harvested area was down 10% on the year, but that reduction was more than offset by a 7.5-bu improvement in the average yield to 17.6 bu/acre. 

In Canada, flax production this past year amounted to 473,175 tonnes, an increase of almost 37%. Harvested area was down 22.7% but the average yield jumped 10.6 bu to 24.2 bu/acre. 

Meanwhile, the 2022 US pea and lentil crops were bigger than originally forecast as well. 

Today’s USDA annual crop summary put the lentil crop at 274,500 tonnes, up from the earlier estimate of 242,550 and 61% above the 2021 crop. Harvested area was actually reduced, but the average yield was revised way up 912 lbs/acre, compared to the previous estimate of 766 lbs and only 606 lbs in 2021.

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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.