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Signs of weakening farmland values


Several indicators point to weakening farmland values.

Jim Rothermich with Iowa Appraisal tells Brownfield he tracks every land auction in the state and says there were at least nine no-sales in February.

“That is a drastic increase. A year ago, February 2023, we had two. So that’s how big a difference there is right now.”

A no-sale occurs when the property isn’t sold because a reserve price has not been met.

Signs of weakening farmland values