Peoples Company fifth annual National Land Values Report contains details and insights into land values, income performance, regional updates and factors influencing farmland investments. Locate our Midwest states of Nebraska, North and South Dakota in the Northern Plains Market. Michigan, Minnesota, and Wisconsin are found in the Lake States Market. The Corn Belt Market contains our Midwest states of Illinois, Indiana, Iowa, and Ohio. 2024 National Land Values Report
Doug Hensley, President of Hertz Real Estate Services, recent blog post reflects on this past year’s activities that impacted land values and sales, farm related businesses, and harvest. Concluding that “it’s just a different market than a year ago,” he shares the outlook for 2025 comes with “clear-eyed profitability concerns.” Find details to land sales from the states ten regions, as 2024 comes to a close. December 2024 Wallace’s Farmer MarketPlace Extra – https://www.hertz.ag/blog/detail/december-2024-wallaces-farmer-marketplace-extra
This November 30, 2024, news article, Land Investments Hold Long-Term Value, from Progressive Farmer, examines and details farmland values from 1950 to 2023. Not only does it addresses the question of cooling of land values, but it also provides a supportive framework for why land values last. Learn about farmland values’ structural soundness, positive drivers, its investment appeal, as well as a look at its owners vs. operators. Read more here – https://bit.ly/3CUePAp
Midwest Farmland values for the 3rd quarter of 2024 nearly the same as 2023, according to the recently published AgLetter findings report. Click on the link to view or download the full report details on the Federal Reserve Bank of Chicago Seventh District states – https://bit.ly/40M8WyY
Doug Hensley, President of Hertz Real Estate Services, shares the latest land values update for our reporting state of Iowa. Although signs point to softening land values as predicted, early harvest results are offering “more smiles than frowns.” Key land sales from Iowa’s 9 state regions are featured – https://bit.ly/4fCMI6S
University of Illinois agricultural economists Gary Schnitkey and Nick Paulson recently presented key information covering USDA projections, an outlook on farm rental rates and land values. Learn more in this Ag Update report, detailing their shared USDA NASS data and more on farmland values in our Midwest reporting states of Illinois, Iowa, and Indiana – https://bit.ly/3NMXuvx
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