The President of the Senate (who by the Constitution is also the Vice President of the United States) is Joseph Robinette BIDEN (D). The President pro tempore of the Senate is Daniel Ken INOUYE (D-HI). The Senate Majority Leader is Harry Mason REID (D-NV). The Senate Minority Leader is Addison Mitchell McCONNELL (R-KY).
Acre of farmland that a decade ago sold for an average of $2,275 now goes for $8,700. Some banks have responded by becoming more conservative in their loans as farmland values ascend. USDA has predicted more typical weather conditions in 2013 would generate a record corn and soybean harvest.
According to the USDA and the Minnesota Ag Statistics Service, the average value per acre of cropland on Jan. 1, 2002 was $1,500. On Jan. 1, 2012, the average value of cropland was $4,050 per acre. The average price paid for renting Minnesota cropland in 2002 was $81 per acre.In 2012, the average price was $151 per acre. Interestingly, Minnesota farmers who rented pasture in 2002 paid $19 per acre, and in 2012 the average rent was $24.50 per acre, according to the Minnesota Ag Statistics.The USDA numbers are based on collected survey data.n 2012, the average price was $151 per acre. Interestingly, Minnesota farmers who rented pasture in 2002 paid $19 per acre, and in 2012 the average rent was $24.50 per acre, according to the Minnesota Ag Statistics.