(NAFB) — The 2020 land market closes with optimism, according to Farmers National Company. The year started with land prices strengthening before COVID-19. The pandemic paused the land market before interest returned in the summer. Now, Randy Dickhut of Farmers National Company says an improved outlook for grain prices and government aid increasing farm income has resurrected interest in farmland. …
Farmland Values Stable, but Risks to Outlook Remain
Farmland values in the Federal Reserve’s Tenth District held steady in the fourth quarter of 2018 despite risks to ongoing stability, according to the Kansas City Fed’s quarterly Agricultural Credit Survey. While demand for farmland remained relatively strong across the district, weaknesses in the crop sector continued to dampen the overall agricultural economy. The report says that risks to the …
Bankers Expect Farmland Prices to Continue Decline
Rural bankers expect farmland prices will continue to decline. In the latest Creighton University Rural Mainstreet Index, Midwest lenders on average estimated that farmland prices declined by 4.0 percent over the past 12 months and expect farmland prices to fall by another 3.2 percent over the next 12 months. An Illinois lender says “more than ever,” farmland values are extremely …
Farm Real Estate Levels Remain Near Record Highs
Farm real estate values remain near record levels set in 2015, despite a significant drop in farm income and a weak farm economy. The Department of Agriculture’s Economic Research Service says the value of U.S. farm real estate is a critical barometer of farm financial performance, that’s because farm real estate, including land and the structures on the land, generally …
2019 Farmland Rental Rates Expected Steady with 2018
Farmland rental rates are not expected to change much in 2019. A new forecast by Farmers National Company predicts cash rental rates for 2019 to stay the same as 2018, for the most part. The company notes that despite current low grain prices, many farmers had the opportunity to forward price corn and soybeans at similar or better prices than …
Agri View: Farmland for Sale
Everett Griner talks about foreigners still buying U.S. farmland in today’s Agri View. Sponsored ContentCIR Agriculture Harvester ProductsNovember 1, 2024Nuseed Carinata Covers New GroundOctober 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Farmland Market Trend Hard to Define
The Farmers National Company recently released a semi-annual market update on farmland prices and it’s hard to nail down just what the trend is. A Pro Farmer report says the best description may be “steady, with exceptions.” The report says the reason trends are hard to figure out is some farmland sells at better prices than expected while other farmland …
Agri View: What Impacts Farmland Value
Everett Griner talks about the different things that have an impact on farmland value in today’s Agri View. Buying farmland is a little tricky. If one is looking for the best price, it may take a little time. That is because land prices follow market levels. When commodity prices are high, land values go up. And just …
Farmland Values Expected to Decline
Experts expect farmland values to decline as agriculture enters the projected fourth year of lower farm incomes. Agricultural real estate business Farmers National Company says agricultural land values in most areas can be expected to continue to gradually decline over the next several years if commodity prices and farm incomes remain at current low levels. However, despite anticipated additional declines …
Slump in Farmland Values Continues
By Cortney Cowley, Economist and Matt Clark, Assistant Economist FOURTH QUARTER 2016 Farmland values and cash rents declined moderately in the fourth quarter of 2016. Bankers across the Tenth District noted that persistent weakness in farm income continued to weigh on farmland values. Although most farmland purchases in the quarter were financed with new debt, the portion of new loans …
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