Hertz Ag: Farmland Values to Continue to Decline

November 29, 2016 02:10 PM
 
 

A new outlook report from Hertz Real Estate has upsetting news for farmers.

According to the report, farmland values are expected to continue to decline, but the pace of the decline should moderate.

It also expects price declines to vary by region as farmers face their lowest net farm incomes since 2009.

For example, the value of an acre of tillable cropland in Iowa is down nearly 4 percent over the last 6 months. The statewide average for high-quality cropland in Iowa is $8,811 an acre, its lowest value since the March 2012 survey.

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Comments

 
Spell Check

mark hoy
kent, WA
11/29/2016 03:34 PM
 

  No way are farmland values declining in my area -- just the opposite. I am waiting and hoping though.

 
 
Chuck
Jordan, MN
11/29/2016 09:14 PM
 

  Good farmland is continuing to soften in central MN. This week a large farm (154 ac) in Meeker County sold for $4,100/ac, while an 80 ac farm in McLeod County sold for $5,000/ac. Both farms had about 75-80% tillable acres. They both sold for significantly less than their 2016 estimated tax values.

 
 

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