Farm Progress

Farm Progress America, May 31, 2024

Mike Pearson takes a look at what the Farm Futures team found in the latest USDA census of agriculture.

May 31, 2024

Mike Pearson tells listeners where the best place to farm is and how the Farm Futures team figured it out.

Every five years, the USDA conducts the USDA Census of Agriculture. The latest was completed in 2022.

The Farm Futures reporters crunched the numbers and released a report they called, "The Best Places to Farm" last week.

The report is a financial accounting of 3,000 counties across the USA with farming.

Based on the detailed analysis, the Farm Futures team examined 3 key ratios:

  1. Return on assets

  2. Profit margins

  3. Asset turnover

After combing through the data, the team determined Kershaw County, South Carolina is the "Best Place to Farm." The county is primarily poultry producers with 175 acre farms.

Many Midwest farmers may be surprised to find out they fared worse than many counties due to fertilizer prices in 2022.

For more details, check out the entire report.

Farm Progress America is a daily look at key issues in agriculture. It is produced and presented by Mike Pearson, farm broadcaster and host of This Week in Agribusiness.

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