The latest landowner news report from Farmers National Company, discussing land values to agriculture resiliency for our Midwest reporting states. Gain insights to buyers’ motivating factors, concerns, and market drivers impacting farmland sales – https://bit.ly/4hrly4H
Two key Indiana real estate firms in farmland sales, auctions, and management, share their thoughts on the recent Purdue Farmland Value & Cash Rent Survey report. Hear their insights on our Hoosier’s states 4.8% increase from 2023 to 2024, trends for 2025, and the predicted 13% increase over the next 5 years. Farm Progress – https://bit.ly/3BWktkU
Doug Hensley, President of Hertz Real Estate Services, shares that although land values in Iowa are softening as predicted, the positive early harvest results and the recent short-term interest rate cut shows the market still producing some impressive sales. See details to the 9 Iowa counties highlighted in “Iowa farmland values are cooling” from Farm Progress – https://bit.ly/4eHLEi4
Here is the USDAs latest Land Values Summary Report 2024 for our Midwest Reporting states – Our Corn Belt States: Illinois, Indiana, Iowa, and Ohio, cropland values climbed by an average of 4.5% to $8,560. The average cropland value in our Northern Plains states: Nebraska, North Dakota, and South Dakota was $4,040 per acre, an increase of 6.6%. Our Lake states: Minnesota and Wisconsin saw an average price increase of 4.2% to $6,470. Full Report details here – https://bit.ly/4eEQcWe
Today’s October 9, 2024 Farm Progress report features our Midwest reporting state of Minnesota. September has proven to demonstrate an increase in land values and a stable holding in the land market. Although the number of farm land sales is down from last year and the uncertain early harvest reports, supply and demand is still notable, with farmers leading the charge on quality farmland purchases. Learn more here – https://bit.ly/47YjEEj
This second article from Farmdoc Daily, continues the study of changes in US farmland during the 21st Century. It’s focus, the changes in major farmland use categories by US region between 1997 and 2022 Census of US Agriculture. Read more here – https://bit.ly/3ZQGTOG View and Download the full report
Murray Wise Associates September Land Review Report, featuring highlighted farmland sales from our reporting state of Iowa, is available for viewing – https://murraywiseassociates.com/september-2024-edition-iowa-mwa-land-review/ . Subscribe online to have this valuable bi-monthly report sent directly to you.