Michigan farming not only provides consumers with food and fiber on nearly 10 million acres of farmland, but it also lays the foundation for a dynamic food and agriculture industry, making it one of our state’s critical economic drivers, substantially contributing to our state’s economy each year.
Where is the most fertile soil in Michigan?
The distribution of farms in Michigan shows about 80% of Michigan’s farms are in the southern half of the Lower Peninsula where soil and climatic conditions favorable for agricultural production are found.
How much is an acre of farmland worth in Michigan?
The 2021 average Michigan farm real estate value, including land and buildings, averaged $5,300 per acre, according to Marlo D. Johnson, Regional Director of USDA, NASS, Great Lakes Regional Office.
Which state is best for farmland?
State Rankings
| OVERALL RANK | State | Overall Score |
|---|---|---|
| 1 | Montana | 59.72 |
| 2 | Kansas | 58.78 |
| 3 | North Dakota | 57.35 |
| 4 | Texas | 57.32 |
Where does Michigan rank in agriculture?
Did you know Michigan is the second most agriculturally diverse state in the nation, or that agriculture is one of our state’s leading industries? Check out these Michigan agriculture facts below to learn of the economic impact and variety of Michigan food and agriculture.
What is the biggest cash crop in Michigan?
Potatoes. In terms of revenue and production numbers, potatoes are Michigan’s top crop.
What county in Michigan has the most farms?
Allegan County
Allegan County has the biggest farm economy in Michigan, according to the five-year U.S. Census of agriculture released recently.
What is a good price for land in Michigan?
The average value for farmland that was converted to commercial use was $18,211 per acre for the state of Michigan. The value of farmland being converted to commercial use was $20,683 per acre in the Southern Lower Peninsula and $6,950 per acre in the Upper and Northern Lower Peninsula.
How much is a farm in Michigan?
Michigan’s cropland value decreased slightly from the previous year to $4,500 per acre. The Lake States region experienced a 1% decrease to $4,760 per acre. The average value of cropland in the U.S. increased $50 from 2018 to $4,100 per acre.
How much does farmland rent for per acre per month Michigan?
michigan Farmland Rental Rates
Over the last 20 years, farmland rental rates per acre in michigan have risen from an average of $128 per acre in 2019 to $128 per acre in 2019. This represents an increase of $0 over this time period with an average implied capitalization rate of 2.6%.
What state has cheapest farm land?
Oklahoma currently sits at the lowest cost per acre for the best states for farmland in the US, so this is another state with farmland you can invest in at a low price point.
What state has best soil?
Iowa has some of the richest and most productive of soils in the world. Around 90 percent of its land being used for agriculture, the state ranks second in the nation for agricultural production, after California. The Tama soils of Iowa occur in 28 Iowa counties as well as in parts of other, neighboring states.
Where is the cheapest farm land in USA?
12 best farmland bargains
- West-Central Texas. $600/acre. Annual land payment: $50/acre.
- Central Wisconsin. $5,000/acre.
- South-Central Florida. $10,000/acre.
- Northern Missouri. $1,400/acre.
- Eastern Ohio. $5,000/acre.
- Southwest Iowa. $4,000/acre.
- Southeastern Wyoming. $4,000/acre (irrigation in place)
- Eastern North Dakota. $5,000/acre.
What is the number 1 crop in Michigan?
Corn production is concentrated in the Lower Peninsula with Saginaw and Lenawee counties as Michigan’s largest producers. In 2018, Michigan produced 297 million bushels of corn grain, worth $1 billion.
How much do farm owners make in Michigan?
$21,432 is the 25th percentile. Salaries below this are outliers. $35,274 is the 75th percentile. Salaries above this are outliers.
What food can you grow in Michigan?
Our water, weather and diverse growing regions make Michigan-grown fresh foods and products just naturally better.
- Morel Mushrooms. Morel mushrooms are among the safest wild mushrooms grown in Michigan and can be found in all of.
- Apples.
- Asparagus.
- BEANS.
- BEEF.
- Blueberries.
- CABBAGE.
- Carrots.
Does Michigan have good soil?
The soils of Michigan vary greatly. Sandy soils are dominant in the western and northern portions of the Lower Peninsula; clays and loams, in the southern Lower Peninsula. The size of particles, or texture, varies in different kinds of soil.
What qualifies as a farm in Michigan?
(a) “Farm” means the land, plants, animals, buildings, structures, including ponds used for agricultural or aquacultural activities, machinery, equipment, and other appurtenances used in the commercial production of farm products.
What fruit does Michigan grow?
In addition to cherries and blueberries, Michigan growers produce other fruit crops such as apples, peaches, pears, plums, grapes, raspberries and strawberries. Michigan fruit is abundant, delicious, nutritious and hard to beat!
What land does Bill Gates own in Michigan?
2,167 acres
Gates and his investment team own more than 240,000 acres, as reported by O’Keefe, including 2,167 acres in Michigan. According to O’Keefe, Gates isn’t the only one making moves on the farmland market, especially as farm real estate values nationwide increased 7% from 2020 to $3,390 per acre.
Who owns farmland in Michigan?
Here in Michigan, roughly 1.35 million acres of ag land is held by foreign investors and nearly 90% of this land is in forests. Investors from the Netherlands own 33% of that land with Canadians owning 25%. The counties with the most total acres of foreign-owned ag land are Keweenaw, Baraga and Alger.