OMAHA, Neb. — The land market in 2019 continued the plateau trend of the past several years during which the supply of agricultural land for sale on the market remained lower than average and prices for good quality cropland held mostly steady.
Current farmland market observers express a variety of opinions about the likely direction of farmland prices in the short and long term.
Editor’s note: The following was written by David B. Oppedahl, Fedaral Reserve Bank of Chicago senior business economist, for the bank’s November 2018 AgLetter.
- Phyllis Coulter
BLOOMINGTON, Ill. — Bidders spent more than $11 million on prime agricultural land at an auction in central Illinois Nov. 13. The proceeds will go to three charities.
- Benjamin Herrold
Every year, University of Missouri ag economist Ray Massey conducts surveys of ag rental rates and land values. Despite the challenging farm economy, he says the “2018 Cash Rental Rates in Missouri” survey results have been somewhat surprising.
BOONE, Iowa — Prices paid for Illinois farmland continued a “slightly lower” trend, according to a mid-year survey by the Illinois Society of Farm Managers and Rural Appraisers. The survey results were released Aug. 29 at the 2018 Farm Progress Show in Boone.
Editor’s note: The following was taken from the Federal Reserve Bank of Chicago’s August 2018 AgLetter, written by David B. Oppedahl, senior business economist for the bank.
Editor’s note: The following was written by Gary Schnitkey, University of Illinois ag economist, and Carl Zulauf, Ohio State University ag economist, for the University of Illinois Farmdoc website Aug. 2.
Iowa saw less ag land being sold last year than normal, which continues the trend down from the high number of transactions experienced several years ago.
- By Alan Bjerga, Bloomberg News
While crop groups have sounded the alarm over U.S. trade wars, here’s one measure that shows part of the agricultural economy is still vibrant: U.S. farmland values just rose to a record.
AMES, Iowa — An Iowa State University study shows that the age of Iowa’s farmland owners continues to rise, with a record high 35 percent aged 75 years or older in 2017.
Rental rates for Iowa farmland increased for the first time since 2013, according to the results of the Cash Rental Rates for Iowa 2018 Survey conducted by Iowa State University Extension.
Agricultural land values for the Seventh Federal Reserve District showed signs of stabilizing in the first quarter of 2018, as farmland values were unchanged from a year ago.
- Gene Lucht
AMES, Iowa – Iowa farmland values are slowly creeping up, climbing 2.9 percent in the past six months and 4.9 percent in the past year to an average price of $6,951, according to the state’s farmland realtors.
OMAHA, Neb. — The historic run-up in land prices during the decade leading up to and including 2013 faded in to the background as the past four years instead witnessed a steady and measured decline in values for crop and grazing land throughout the Midwest and Great Plains.
The continued tight margins in crop farming combined with slowly rising long-term interest rates are expected to favor a continuation of the downward price movement.
- Phyllis Coulter
NORMAL, Ill. — It is too soon to tell exactly what direction 2018 farmland prices in the Land of Lincoln will take — a slight decline, stabilization or, like Iowa, a slight increase.
- By Alan Bjerga and Dominic Carey, Bloomberg News
Ready to quit the city, buy a farm and live out your rural fantasy? Bargains can be found in South Dakota, but you better move quickly in California, which is getting pricey.
OMAHA, Neb. — As agriculture enters the projected fourth year of lower farm incomes, the question landowners, operators and lenders have is: Where are land values heading from here?
Real estate sales volume for Farmers National Co. is up 21 percent during the first half of its fiscal year compared to last year and up 38 percent from a year earlier with an increase in both individual sales transactions and acres sold.
- By ANDREA JOHNSON Editor
Following years of rising farmland prices, the 2013-2016 Minnesota median farm real estate sales price market showed a drop from the 2012 peak of $4,917 per acre.
ST. LOUIS ― While farm income continued to decline in the Midwest and Mid-South during the first quarter of 2017, values for quality farmland and ranchland or pastureland experienced the largest increases in three and a half years, according to the latest Agricultural Finance Monitor publish…
SAN DIEGO — In a letter sent Tuesday (Feb. 21) to National Ethanol Conference attendees, President Donald Trump reiterated his support for ethanol and the Renewable Fuel Standard.
ST. LOUIS — Midwest and Mid-South farm income and expenditures fell during the fourth quarter of 2016, according to the latest Agricultural Finance Monitor published by the Federal Reserve Bank of St. Louis. Meanwhile, quality farmland values and ranchland or pastureland values also declined.
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