2016 Cash Rents in Maryland and Delaware
USDA’s National Agricultural Statistic Service (NASS) updated data on cash rent paid by farmers in 2016. NASS collects this data from 240,000 farms across the United States annually through the Cash Rent Survey - data used by other agencies throughout USDA. The survey results give us an idea of what other tenants in the area may be paying per acre for farmland.
Understanding the Diverse Legal Needs of the Maryland Agricultural Community
Agriculture’s total impact on the Maryland economy was $8.25 billion in 2010, accounting for over 22,000 jobs. According to the 2012 Census of Agriculture, Maryland had over 12,000 agricultural operations producing a diverse range of agricultural commodities: poultry, dairy, grain, equine, nursery, greenhouse products to name just a few.
Taxes and Land Preservation: Computing the Capital Gains Tax
Many farmers have their wealth tied up in their land and would like to convert some this land value into cash. Others want to ensure that their lands stays farmland forever. Some farmers wand to preserve their property's characteristics and amenities. Others want to make it more affordable for their children to buy the land.