Georgia Farmland Values Up and Gas Prices Higher

Georgia Farmland Values Up and Gas Prices Higher

Bob Larson
Bob Larson
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.

**Georgia farmland values up nearly $400 per acre in 2023, climbing from $3,960 in 2022 to $4,350 in 2023.

The reports, the Land Values and Cash Rents report, from the USDA’s National Ag Statistics Service, shows ALL cropland averaged $4,200 per acre in 2023, up from $3,820 a year earlier.

Irrigated cropland went from $4,600 to $4,800 per acre, while non-irrigated cropland jumped from $3,500 to $3,950 per acre.

**The nation's average gas price rose 7.8 cents last week to $3.79 per gallon, and DIESEL jumped 14.9 cents to $4.14 per gallon.

The increases follow the rise in oil prices and pressure from hot weather that impacted refineries.

However, GasBuddy’s Patrick De Haan says diesel will likely continue to see upward momentum while gasoline price increases should become more limited.

The price of crude oil has rallied for six straight weeks.

**Red meat buyers from Central and South America recently met with U.S. suppliers during the 11th U.S. Meat Export Federation Latin American Product Showcase in Columbia.

220 importers had the opportunity to meet U.S. suppliers and arrange purchases of a wide range of U.S. red meat products.

The value and versatility of underutilized pork, beef and lamb cuts were a focus during the showcase.

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