2024 Farmland Values Stable, Market Shows Signs of Downturn Ahead | FCSAmerica

accountMktgLSB | calendar-monthJanuary 25, 2025

“For the first time, FCSAmerica, AgCountry Farm Credit Services and Frontier Farm Credit have released a joint land values report that includes appraisals for 93 benchmark farms and ranches in all or parts of eight states. The Associations update appraisals for their respective benchmark farms every January and July.” Below is Farm Credit Services of America –
6-month | 1-yr | 2-yrs | 5-yrs | 10-years on our Midwest reporting states:

  • Iowa: -2.80% | -5.10% | -4.80% | 52.60% | 38.60%
  • Minnesota: 1.60% | 1.60% | 4.70% | 80.90% | 58.70%
  • Nebraska: -0.60% | -0.40% | 7.30% | 52.80% | 27.10%
  • North Dakota: 0.80% | 0.80% | 8.30% | 73.20% | 71.40%
  • South Dakota:  5.70% | 9.50% |18.10% | 64.60% | 40.50%
  • Wisconsin: 0.00% | 0.00% | 14.80% | 30.80% | 38.00%

Find their full Report here: https://bit.ly/4jum2I8

AFBF: Foreign Ag Land Ownership, Including Pastureland, in US Grows by 1.58 Million Acres From 2022 to 2023

accountMktgLSB | calendar-monthJanuary 24, 2025

This January 20, 2025 Progressive Farmer blog post, examines the growth in foreign ownership of agricultural land in the U.S. from 2022 to 2023. Using new analysis data by the American Farm Bureau Federation (AFBF), learn more on the who, how, and why for the 1.58-million-acre increase in foreign-owned agriculture land in the U.S. from 2022 to 2023. Read their full article here – https://bit.ly/3PJCaHY

National Council of Real Estate Investment Fiduciaries Farmland Returns: 30+ Years of Evidence about Farmland as an Investment Class

accountMktgLSB | calendar-monthJanuary 22, 2025

This recent Peoples Company blog post by Bruce J. Sherrick, PhD, details the why behind exponential interest in farmland real estate and other alternative or Alt-investments over the last 33 years. Using research and reports from NCREIF and TIAA Center for Farmland Research, Sherrick outlines and demonstrates why financial advisor recommendations surrounding agriculture real estate has increased from 25% in 2020 to 55% in 2024. Read the full article here – https://bit.ly/3E0gnt2

Southeast Iowa Farmland Sells for $19,200 per Acre

accountMktgLSB | calendar-monthJanuary 17, 2025

This January 15, 2025 article from Successful Farming, produced in partnership with American Farmland Owner, details seven notable farmland transactions from September 2024. These sales feature our Midwest states of Iowa and Minnesota. Find their sales details here – https://conta.cc/3E2Dzab

One-chance sealed-bid sale tool shows success –

accountMktgLSB | calendar-monthJanuary 16, 2025

“Stable and steady” has defined this past month of farmland sales prices for our Midwest state of Minnesota. Despite the drop in buyer demand, “B” quality farms continue to bring a good value per acre. Article highlights also include a farmer survey by Purdue University Center for Commercial Agriculture on what farmer sentiments are favoring. Read more from Farm Progress here – https://conta.cc/4h7BmIY

Learning from past land sales cycles

accountMktgLSB | calendar-monthJanuary 15, 2025

This January 15, 2025 Farm Progress Report looks at the cyclical nature of the land market. What to expect in a new year land market can be aided by referencing parallels with historical land cycles. Learn more here – https://conta.cc/4jhjk8M

Land Use, Land Value & Tenure – Farmland Value

accountMktgLSB | calendar-monthJanuary 14, 2025

A positive and encouraging story unfolds on farmland value in this January 5, 2025 report by the USDA Economic Research Service. Nominal value of farmland has caught up to its inflation-adjusted value for the first time in history. See the full report for in depth details, key charts, and to learn why this matters. Read more here – https://bit.ly/3WfyUI5

What’s Driving the 3.1% Decline in Iowa Farmland Values?

accountMktgLSB | calendar-monthJanuary 13, 2025

Using the 2024 Iowa State University Land Value Survey and report from Peoples Company, Successful Farming helps answer this question. Find details to the positive and negative factors impacting Iowa farmland values. These same influencing factors are found in additional Corn Belt states, which include our Midwest states of Illinois, Indiana, and Ohio. Learn more here – https://bit.ly/4jdheqk

Buyer Demand Remains High for Ag Land

accountMktgLSB | calendar-monthJanuary 12, 2025

Progressive Farmer’s January 6, 2025 article looks at a new report from Farmers National Company that details the how and why on the “lack of balance between demand and supply” that is keeping the land market relatively stable despite a downturn in the ag economy. Learn more here – https://bit.ly/40dSndx