Land News
Farmland is an essential resource for American agriculture. As stewards of the land, farmers and ranchers strive to maximize per-acre value while prioritizing soil health, water conservation and wildlife management. A key indicator of the financial health of the farm sector, farmland values can be influenced by commodity prices, land quality and other factors.
Total land in farms decreased 1.9 million acres to 893,400,000 acres in 2022 versus 2021. Here is other noteworthy farmland data, courtesy of USDA’s Farms and Land in Farms 2022 Summary.
If cash rent leases are negotiated via auction, Jim Rothermich is seeing prices drawing double – even triple digit gains. In Illinois, prices are up 90% to 120% compared to the previous year.
Record farmland sales stole headlines throughout 2022. Will 2023 be a repeat in market strength?
Much ink and many pixels have been wasted, in my opinion, on rants about people other than U.S. farmers owning farmland. Surprisingly, critics are just as hard on wealthy Americans as foreigners.
For those in agriculture, owning farmland has long been viewed as a symbol of status and wealth. Now, even individuals who don’t farm are jumping on board, looking to buy farmland.
A New Way to Rent Ground Is Gaining Traction — With Cash Rent Bids In Illinois Topping $600 Per Acre
The cash rent auction concept is an open and transparent format where a landowner places ground up for rent and farmers bid based on how much they would pay per acre to farm the ground for the specific term.
Farmers National Company released its 2023 land values report this week, showing land sold at auctions set records in several states with values across Corn Belt States seeing a year-to-year increase between 20% and 34%.
Fufeng USA is purchasing 370 acres in Grand Forks to build a $700 million project. A government review didn’t raise enough red flags to block the proposal, which has refueled the debate about foreign land ownership.
The latest CPI shows that while inflation may be slowing, it still remains above the Fed’s target. As inflation impacts farmers across their operation, Dan Basse looks at some of the concerns as farmers head into 2023.
Clayton Becker has taken on a new role as president at Farmers National Company (FNC) since October 2021. He shares his outlook for the company, the role of farm managers, and the future of land values.
The 2022 Professional Farm Manager of the Year is Skye Root, which is a recognition from the American Society of Farm Managers and Rural Appraisers and sponsored by Syngenta with support from The Scoop.
A key financial ratio we watch at LandOwner Newsletter suggests the financial health of the agriculture sector is still strong and not overly leveraged.
Farmland sales continue to smash records. The latest is an Iowa land sale that came in at $30,000 per acre. Is it a trend or a one-time phenomenon?
Check out these impressive farmland sales from 2022.
Not to sound like a broken record, but we have another record for farmland sales. In Sioux County, Iowa, 73.19 acres of high-quality farmland sold for $30,000 per acre during an auction on Nov. 11.
Unfortunately, problems with the septic system continue to be an ongoing source of claims made against appraisers.
The nearly 280 acres sold in two tracts on Oct. 27 for a total of $5.5 million.
Acres platform provides comprehensive data to analyze value and productivity on 150 million parcels of land
Farmland is still going for record amounts. Just look at this recent sale in Iowa. In Plymouth County, Iowa, a new record was set to the tune of $26,250 per acre.
House Republicans asked the General Accountability Office to conduct a study on U.S. lands owned by foreign entities. The letter was signed by scores of other House Republicans.
Overall, cash rent levels will likely increase across all land classes. But, they’re less than the increases that happen between 2021 and 2022.
The farmland market continues to be stable in Wisconsin.
Healthy demand for a thin farmland market props up values.
Farmland values continue to defy gravity in many regions of farm country. Here are three reasons farmland values could make a dramatic move.
As waters recede from the thousands of acres that were flooded this spring, attention turns to spring planting. If those acres are rented, who will pay for the cleanup? Should the rental rate be adjusted?
The market value for farmland in the Cornhusker state dropped again in 2019. The average per-acre value is $2,650, a 3% drop from 2018.
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.
In the past few years, farmland values have been surprisingly resilient. Looking forward, however, prices may lean lower.