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Land Sales Picking Up But low crop prices along with tariff and trade uncertainly will keep a lid on bids. Interest in selling agricultural land is picking up among landowners in the Midwest, according to reports from farm real estate agents. The amount of land Farmers National Co. has listed for sale is up 21% compared to last year at this time, says Randy Dickhut , senior vice president of real estate operations at Farmers National. “Most of the sales are coming from individuals or ownership groups who are deciding now is the time to sell,” he says. “They may have recently inherited the land or have owned it for years, but sellers have watched the land ...
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Farmland Values Stable For the eighth consecutive quarter farmland values in the Seventh Federal Reserve District remained relatively stable. The Federal Reserve Bank of Chicago recently released its quarterly agricultural newsletter for the district that includes the northern two-thirds of Illinois and Indiana, all of Iowa, Michigan’s Lower Peninsula and the southern two-thirds of Wisconsin. The district produces over 40 percent of U.S. corn, soybeans and hogs. The information was collected via a survey of 188 agricultural bankers across the district. Read more.   Farm Bill Delayed Congress will not take up the farm bill this week as it honors the ...
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New Survey of Farmland Values Paints a Mixed Picture A new survey on Midwest farms is painting a mixed picture in regards to the agriculture economy. The AgLetter from the Federal Reserve Bank of Chicago shows  farmland values in the third quarter are 1% higher than a year ago, but values for "good" agricultural land in the third quarter were 1% lower than in the second quarter. Agriculture credit conditions for the district seemed worse relative to a year ago. Officials say there are credit uncertainties and they're growing, as more farmers are unable to pay their loans off in full every year. Is it still a good idea to use land as collateral? Sam Miller ...
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Various Factors Affect Demand for Land Crop yields, interest rates, tariff situation and negotiation of new farm bill lead the list. Despite variable growing conditions, strong yield expectations were met (or exceeded) in most regions of Iowa. Strong overall yield results will be supportive to a land market that otherwise faces some headwinds, including higher interest rates, relatively weak commodity prices and significant trade uncertainties. Localized differences in yield results are playing a slightly larger role in farmland sale results this fall and early winter. Early-season sales already reflect this uneven trend. In areas where another big crop ...
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Dan Whisenhunt, MBA, AAC with Agcom, LLC in Turlock, CA, has been presented with the H.E. Stalcup Excellence in Education (Management) Award from the American Society of Farm Managers and Rural Appraisers® (ASFMRA®).   The H.E. Stalcup Excellence in Education Award is one of the most prestigious awards that ASFMRA bestows. The award recognizes individuals who have contributed knowledge and countless hours toward the advancement of ASFMRA educational offerings. Read Dan's Press Release
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JoAnn C. Wall, ARA, founder of Above and Beyond Real Estate Services, Inc. in Templeton, CA has been presented with the H.E. Stalcup Excellence in Education (Appraisal) Award from the American Society of Farm Managers and Rural Appraisers® (ASFMRA®).   The H.E. Stalcup Excellence in Education Award is one of the most prestigious awards that ASFMRA bestows. The award recognizes individuals who have contributed knowledge and countless hours toward the advancement of ASFMRA educational offerings.   Read JoAnn's Press Release
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Skye Root, AFM, AAC with Westchester Group Investment Management in Boise, ID, has been presented with the H.E. Stalcup Excellence in Education (Management) Award from the American Society of Farm Managers and Rural Appraisers® (ASFMRA®).   The H.E. Stalcup Excellence in Education Award is one of the most prestigious awards that ASFMRA bestows. The award recognizes individuals who have contributed knowledge and countless hours toward the advancement of ASFMRA educational offerings. Read Skye's Press Release
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Corey D. Prins, AFM, with Northwestern Farm Management Company in Marshall, MN, has been presented with the H.E. Stalcup Excellence in Education (Management) Award from the American Society of Farm Managers and Rural Appraisers® (ASFMRA®).   The H.E. Stalcup Excellence in Education Award is one of the most prestigious awards that ASFMRA bestows. The award recognizes individuals who have contributed knowledge and countless hours toward the advancement of ASFMRA educational offerings. Read Corey's Press Release
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Mark J. Peterson, AFM, ARA, AAC with Kefa Capital, Inc. in Clovis, CA, has been presented with the H.E. Stalcup Excellence in Education (Management) Award from the American Society of Farm Managers and Rural Appraisers® (ASFMRA®).   The H.E. Stalcup Excellence in Education Award is one of the most prestigious awards that ASFMRA bestows. The award recognizes individuals who have contributed knowledge and countless hours toward the advancement of ASFMRA educational offerings. Read the Press Release
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Darrell R. Limkeman, AFM, ARA,  with Mid States Farm Management Company in Ottumwa, IA, has been awarded the D. Howard Doane Award from the American Society of Farm Managers and Rural Appraisers® (ASFMRA®).   The D. Howard Doane Award is one of the most prestigious awards that ASFMRA bestows and is given annually to a member or non-member who has made an outstanding contribution in the field of agriculture with emphasis on farm management and rural appraisal. Read the Press Release
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Brian W. Field, ARA with Crown Appraisals, Inc. in Fargo, ND, has been awarded the Early Career Award from the American Society of Farm Managers and Rural Appraisers® (ASFMRA®).   The Early Career Award, which is sponsored by Bayer CropScience, is given annually by ASFMRA and recognizes an exceptional “early career” member who is making outstanding contributions to their local chapter(s), the Society, and their local community during their first 10 years of membership in ASFMRA.  Brian Field Press Release
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Paul A. Burgener, AFM with Hancock Farmland Services in Gering, NE, has been presented with the H.E. Stalcup Excellence in Education (Management) Award from the American Society of Farm Managers and Rural Appraisers® (ASFMRA®).  The H.E. Stalcup Excellence in Education Award is one of the most prestigious awards that ASFMRA bestows. The award recognizes individuals who have contributed knowledge and countless hours toward the advancement of ASFMRA educational offerings. Paul Burgener Press Release
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Brian Gatzke Appraisal Professional of the Yea
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2018 Election – Agriculture Committee Impact While a few races have not been decided, the Democrats have retaken the House majority and the Republicans have strengthened their majority in the Senate based on election results reported to date. This means Senate Agriculture Chairman Pat Roberts will retain his chairmanship, while Congressman Collin Peterson (D-MN) will resume the House Agriculture Committee Chair and Congressman Mike Conaway (R-TX) will become the ranking member. Committee membership for the next Congress will be decided before the end of the calendar year; the 116th Congress is seated in January. With the Democrats taking the majority in ...
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4 Rules On Refinancing Your Farm Your lender works hard to keep you as a client, but even the best banking relationship can come to a close. Your farming operation may expand beyond the comfort zone of your lender. Your loan officer may relocate or retire. Your bank can scale back or withdraw from agriculture production. Your farm may not qualify for a loan renewal in times of low commodity price cycles. Because these events can occur, it pays to be prepared for a farm refinance. First, understand how lenders evaluate risk and the type of financial metrics they take into consideration when assessing a farming operation. Although these aren’t all the factors ...
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Lawsuit Over Pot, Property Values Could Have Broad Impacts DENVER — A federal trial in Colorado could have far-reaching effects on the United States’ budding marijuana industry if a jury sides with a couple who say having a cannabis business as a neighbor hurts their property’s value. The trial set to begin Monday in Denver is the first time a jury will consider a lawsuit using federal anti-racketeering law to target cannabis companies. But the marijuana industry has closely watched the case since 2015, when attorneys with a Washington, D.C.-based firm first filed their sweeping complaint on behalf of Hope and Michael Reilly. One of the couple’s lawyers, ...
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Where Artificial Intelligence Could Take Agriculture Typically, when AI is brought up around farmers, the conversation turns to how many brood cows they covered this year for breeding. In this article, AI refers to artificial intelligence. The ability to capture data on the farm has never been more readily available than it is today. Many questions about how to use and implement data are daunting and prevent producers from moving beyond the comfort of basic yield monitors and autosteer. To make the leap into data management less daunting, original equipment manufacturers (OEMs) and farm management information system groups have shifted their attention toward ...
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Does Marijuana Legalization Hurt Property Values? For now, Green Thumb Industries is a rare thing in the ever-growing cannabis business: A big marijuana company, publicly traded and with a billionaire investor, that is not also Canadian. The company says it has “consumer packaged products” in eight U.S. states — including New York, which thanks to its extremely limited medical marijuana program, has probably the most latent demand for marijuana of any state in the country — and was recently awarded five dispensary licenses in Ohio. Green Thumb is now setting its sights on New Jersey, where its plans are running into a novel argument: This big company, maybe ...
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Farmland Values Down 3.5% in 60 Countries Farmland values in the central and southern 60 counties in Illinois have declined by an average of 3.53 percent, according Farm Credit Illinois’ annual benchmark study.  This marked the fourth consecutive year farmland values have declined. The market peaked in 2014 and began the first decline in more than a decade in 2015 with an average decrease in value of 1.51 percent. In 2016 and 2017 results showed a continued average annual decline in value of 6.34 percent and 4.17 percent, respectively. Learn more. US Farm Leaders Give Their Perspectives on New Trade Deal As harvesters rolled over U.S. fields, ...
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Rising Interest Rates Will Test the Strength of Crop Land Values Many commercial row crop farmers across the U.S. have seen their margins squeezed by lower commodity prices and relatively higher production costs, says Bryon Parman, North Dakota State University Extension agricultural finance specialist. Rents have come down modestly in North Dakota, declining from a high of $69 per acre in 2015 to a statewide average of $65 in 2018. Similarly, cropland values in North Dakota mostly have held their value, declining from a high of $2,123 per acre in 2015 to $1,996 per acre in 2018. However, rising interest rates will increase borrowing costs, making operating ...
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