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.
The state-wide average price per acre for large parcels of agricultural land increased from $3,187 in 2009 to $3,254 in 2010. Low interest rates, strong grain prices and relatively strong farm equity positions have all helped to sustain farmland values. The same was not true for smaller bare land parcels (10-35 acres).The average small parcel price per acre was $3,194 (a decrease of $154). The number of transactions and the total acres exchanged in 2010 returned to levels not seen since 2005 for both large and small parcels.or example, if one parcel sells for $2,000 per acre and it contained 100 acres and another parcel sells for $3,000/acre and it contained 40 acres, the weighted average sales price would be: (200,000+120,000)/(100+40) or $2,286 instead of a simple arithmetic average of $2,500.