Purchasing Farmland

Purchasing Farmland in South Carolina, North Carolina or Georgia is a great investment according to figures stated by the U.S. Department of Agriculture which show farm income in the U.S. jumping 28% this year to $100.9 billion.
Corn, soybean, wheat and cotton crops increased 19% from last year to $204 billion. These figures are important to buyers and sellers of farmland since these increases in farm income drove agricultural real estate prices to a record $2,350/acre this year. Farmland values in the Midwest were up over 25% last year which is great news for anyone buying or selling.
“Today’s farm income forecast shows that the American brand of agriculture continues to be a bright spot in our nation’s economy. Following on a strong 2010, all three measures of farm sector earnings again experienced strong growth in 2011. According to today’s numbers, farmers are earning 28 percent more for their products than they made last year. And it is making a real difference for America’s farm families, whose household income was up 3.1 percent in 2010 and is forecasted to increase 1.2 percent in 2011. This is good news for rural America and for our national economy.” says U.S. Agriculture Secretary, Tom Vilsack.
When you’re searching for farmland or hunting land for sale in South Carolina, North Carolina or Georgia, it’s a good idea to check out the potential income production of the land. Our land specialists at Elliott Recreational Properties can help you find excellent recreational and investment opportunities.