American Society of Farm Managers and Rural Appraisers
The bull-run on Iowa farmland sales continues to play out in August. Less than two weeks after a farm ground sold for $19,000 per acre in Iowa, a new record sale was posted in Iowa Friday of $22,600 per acre.
In today’s challenging environment, farmland sale-leasebacks are becoming more common and potentially smart strategy for farmers.
Colorado is the first state to announce it has successfully eradicated its feral hog population. Here’s how they did it.
For 2020, the national average for cash rents on cropland is $139 per acre, which is down $1 from 2019.
The start to 2021 is showing an increase in commodity prices. From fertilizer prices to seed prices, farm inputs are also on the rise, which could include the prices farmers may pay for cash rents next year.
The Senior Vice President of Real Estate Operations for Farmers National Company reported during the first six month of its fiscal year, land sales were up 56% over the same time last year.
Key forces are converging to send farmland values higher — maybe even to historic levels.
Understand how this option fits into a rental agreement.
U.S. farm real estate values are seeing a rapid rise in 2021, with the Western Corn Belt seeing values rise at a faster pace than the East, but the storyline could change, according to Jackson Takach of Farmer Mac.
How much does it cost to rent cropland this year? According to NASS, the average price is $141 per acre. That’s $2 higher than last year, and up $7 from five years ago.