Land News
Farmland is an essential resource for American agriculture. As stewards of the land, farmers and ranchers strive to maximize per-acre value while prioritizing soil health, water conservation and wildlife management. A key indicator of the financial health of the farm sector, farmland values can be influenced by commodity prices, land quality and other factors.
Despite the positive sentiment, local community bankers report concerns about lower commodity prices, the ‘big bank mess’ and another potential rate hike in June by the Fed.
Paul Schadegg, with Farmers National Company, shares his perspective on agricultural real estate demand, the impact of interest rates on the market and the outlook for land values later this year.
The rapid runup in land values caused farmland values to hit historic levels over the past two years. The dynamics are starting to shift, as input prices, interest rates and commodity prices are eating into outlooks.
More than 50% of farmers intend to grow their operation, based on responses in Purdue’s February 2023 Ag Economy Barometer. If you’re thinking about scaling your farm, it’s important to first ask these questions.
The Office of Investment Security proposed a rule on Friday that would require foreign entities to garner U.S. government approval before they are able to purchase land within 100 miles of eight military bases.
The reason for the shift is rooted in financial improvements, according to James Mintert, professor in the Department of Ag Economics at Purdue.
The number of farms in the U.S. is declining while the average farm size increases and land in farms remains relatively constant. Here’s the latest numbers from USDA’s Economic Research Service.
Doug Hensley, President of Hertz Farm Management, says while farmland sales reached highs last year, they recently hit a plateau. Here are three market drivers Hensley encourages producers to consider.
The Missouri Senate on Wednesday backed a plan to amend the state’s foreign land ownership threshold. The bill also includes a provision that would limit foreign countries from acquiring farmland in Missouri by Sept. 1.
The accelerated highs in 2022 don’t look to be hitting the brakes in the first quarter of 2023, according to Jim Rothermich, vice president of Iowa Appraisal.