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2026 U.S. Farmland Values

A summary of the USDA 2026 Land Values report and current farmland market conditions Prepared and distributed for educational purposes by the Manager of Promised Land Opportunity Zone Fund III, LLC, and Last Leaf Ventures, LLC (collectively “Promised Land”). Purpose of this summary. This document is being provided to help farmland investors and other interested […]Learn More

Harvesting Potential in Rural American OZs: U.S. Treasury Update on OZ Tax Incentive

The U.S. Department of the Treasury recently released its updated Office of Tax Analysis Working Paper, detailing administrative tax data on the Opportunity Zone (OZ) program through Tax Year 2024. As detailed in a recent analysis by the Economic Innovation Group (EIG), the data paints a clear picture of success. The OZ tax incentive has […]Learn More

One Door Closes, Another Opens

Interim IRS OZ Guidance With the transition from the original Opportunity Zone program (OZ 1.0) to the new OZ 2.0 regime fast approaching on January 1, 2027, the IRS recently dropped Notice 2026-40. Driven by the One Big Beautiful Bill Act (OBBBA), this interim guidance clarifies the rules of the road for the great OZ […]Learn More

Resiliency of American Agriculture

Observations from Mid‑South ASFMRA It was a privilege for the Promised Land Opportunity Zone team to join the 2026 American Society of Farm Managers and Rural Appraisers (ASFMRA) Mid-South Chapter meeting in Starkville, Mississippi, earlier this month, sharing the exciting potential of rural Opportunity Zone (OZ) investment, alongside farm managers, appraisers, lenders, and Mississippi State […]Learn More

Take It Easy To Rural American OZs

Take It Easy released in 1972 was the debut single from their self-titled album, Eagles. This song is perhaps the most iconic tune about rural America among many. The song was written by Jackson Browne and Glenn Frey, inspired by the feelings of a road trip down Main Street America – Route 66. For far […]Learn More

Promised Land Sets Sights on 2.0 Opportunity Zones

The American Heartland is standing at the threshold of a historic rural investment boom. With the passage of the One Big Beautiful Bill Act (OBBBA), Opportunity Zone 2.0 is no longer just a concept—it is a high, precision GPS-guided, 48-row planter behind a 500-horsepower tractor sowing seeds for the next great rural American renaissance. At […]Learn More

Land Expo 2026

The 19th annual Land Investment Expo took place January 12–13 in Des Moines, Iowa, hosted by Peoples Company. The Promised Land team had the pleasure of both attending and presenting during one of the breakout sessions. The two-day event featured a Farmland Master Class on January 12, followed by dynamic presentations on January 13 from […]Learn More

OZ 2.0 Takes Aim at Rural America: Triple Basis Step-Ups and Lower Barriers to Scale Impact

Introduction Since its inception, the Opportunity Zone (OZ) program has mobilized nearly $100 billion in private capital, establishing itself as one of the most significant place-based economic development initiatives in the history of the United States. However, data from the Economic Innovation Group and the Joint Committee on Taxation indicates that the initial iteration of […]Learn More

Harvest 2025 Update

The time has once again come for farmers across the United States to harvest their crops and bring another growing season to a close. If you’ve traveled through the I-States (Indiana, Illinois, or Iowa) recently, you’ve likely seen combines rolling steadily across fields, reaping what has been sown. Harvest time is both exhausting and deeply […]Learn More

2025 USDA Land Values Summary

The month of August often signals a season of transition and excitement—back-to-school mania, the kickoff of college football, and the return of the ever-popular pumpkin spice latte at Starbucks. In agriculture, however, August also marks the release of one of the most anticipated publications of the year: the USDA Land Values Summary. The USDA Land […]Learn More

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