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Cash rents in Iowa are down 1.4% to an average of $219 per acre for the 2019 crop year, according to an annual survey conducted by Iowa State University.
Farmers continue to face declining farm income in the Midwest and Mid-South regions, according to the Federal Reserve Bank of St. Louis. Meanwhile, after holding steady farmland values have edged lower.
Despite continued, several factors are pointing to some downward pressure on farmland markets.
Doug Hensley gives six drivers keeping the farmland market firm despite so much uncertainty in ag.
In the past few years, farmland values have been surprisingly resilient. Looking forward, however, prices may lean lower.
On rented land, it’s critical to ensure proper communication about prevented plant with the landowner, says Chris Barron, farmer and CEO of Ag View solutions and a Top Producer columnist.
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