Strong gains in farmland values, especially in the second half of 2012, are highlighted by the semi-annual update of the value of benchmark farms monitored by the Farm Credit Services of America, the large farm lender based in Omaha, Nebraska. The organization, which services producers in Iowa, Nebraska, South Dakota and Wyoming, monitors real estate value trends through semi-annual appraisals of 65 benchmark farms located throughout the association's four-states. The update is handled by the association's appraisal team. It monitors 21 farms in Iowa, 19 in Nebraska, 23 in South Dakota and 2 in Wyoming.
The update conducted January 1 found that during the last half of 2012 the value of of farmland rose 13.8% in Iowa, 12.3% in Nebraska, 17.6% in South Dakota and held steady in Wyoming. On an annual basis, the value of farmland rose 20.8% in Iowa, 30.7% in Nebraska, 32.7% in Nebraska and 1.1% in Wyoming.
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Grains Back Off Resistance, Wait for SA Weather News
EHedger Afternoon Grain Commentary 1/17/13