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Stories tagged with: farmland

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Farmland values soften in central Illinois

Farmland values have weakened in one of the most productive areas of the Corn Belt.  Compeer Financial certified appraiser Rob Brines covers McLean, Woodford, and Marshall counties in central Illinois and says prices are off the highs of 2022 and 2023. “Over the course... Read More.

Some farmland sales eclipsing $20K per acre this spring

A farm real estate specialist says there have been some milestone farmland sales popping up across parts of the Midwest. Jim Rothermich with Iowa Appraisal says a 160-acre farm in northwestern Iowa recently sold for more than $21,000 per acre. “That’s one way to... Read More.

Midwest farmland market solid

A farm real estate specialist says the farmland market is solid despite uncertainties in the ag economy. Jim Rothermich, vice president of Iowa Appraisal, says he expects higher land prices to stick around. “There’s a lot of bad news out there right now, but... Read More.

Farmland prices, farm equipment sales sink

An ag economist says weak economic conditions are having an impact on farmland and equipment purchases. Ernie Goss with Creighton University tells Brownfield farmland prices declined for the 10th time in the last 11 months in the latest Rural Mainstreet Index. “Farmland prices from... Read More.

Midwest farmland values down 1% in 2024

Midwestern farmland values decreased one percent in 2024. Chicago Federal Reserve Bank policy advisor David Oppedahl says the district, which includes Iowa, Illinois, Indiana, Michigan, and Wisconsin, saw dips of two to three percent in every state except Wisconsin. “So we are not seeing... Read More.

Farmers want more farmland protections

Ohio farmers are calling for increased farmland protections. Ohio Farm Bureau president Bill Patterson says farmland is being lost across the state at a rapid pace. “1,800 farms in Ohio, 200,000 acres of farmland have been lost in one year,” he says. “That is... Read More.

Succession plans curb farmland loss

A land transfer navigator says having a succession plan in place is key to reducing farmland loss. Becky Huttenga tells Brownfield, “That’s one of the best tools we can use to protect farmland.” “It’s never more threatened than when it changes hands, that’s when... Read More.

Land broker sees slowdown in farmland market

A farm real estate specialist says there’s been some instability in the farmland market. Koby Rickertsen with High Point Land Company says land values could see a decline if downward pressure on commodity prices continues. “We’re not as excited in the last six months... Read More.

Illinois no-sales a sign of instability in the farmland market

There are signs of instability in the farmland market. Compeer Financial certified appraiser Josh Miller covers several counties in central Illinois and says no-sales are occurring more frequently. “I’ve got a sale at $20,600 (an acre), and then not even 10 to 15 miles... Read More.