North Dakota Chapter Of ASFMRA Releases Their Annual Agricultural Land Price & Cash Rent Survey
January 30, 2017, Fargo, ND – The North Dakota Chapter of the American Society of Farm Managers and Rural Appraisers (ASFMRA) has released their 20th Annual Agricultural Land Price and Cash Rent Survey.
Forty land professionals across the great State of North Dakota contributed data to this year’s report, making it the most comprehensive report of its kind. The report includes reported data from actual 2016 land sales and new or existing (multi-year) cash rental contracts.
South Dakota Land Trends 2016
August 8, 2016 – TRENDS for 2016 is now available
This agriculture report investigates market trends from 1991 to 2016. “The 2016 SDSU Farm Real Estate Market Survey report contains information on current agricultural land values and cash rental rates by land us in different regions of South Dakota.”
Click here for the entire report
California Land Trends 2016
May 10, 2016 – TRENDS for 2016 is now available for purchase.
Order your Copy of TRENDS for 2016
Texas Land Trends 2016
April 28, 2016 – Texas Rural Land Value Trends: Texas land markets managed to post a small gain over 2014 results. Prices rose 1.9 percent from $2,354 to $2,398 per acre. Price increases appeared to slow during the last half of the year hinting that turbulence in oil and agricultural commodity markets has affected the land market.
The newest edition of our Texas Rural Land Trends is available online.
Full Text: http://www.txasfmra.com/wp-content/uploads/ASFMRA-Land-Trends-2015_final.pdf
Mississippi Land Trends 2016
Crop commodity prices in 2014 were much lower than in previous years. However, the momentum of land values trending upward continued to carry cropland sales prices higher during the year. As a result, returns to land and profitability based on a 2014 sales price were low and, in many cases, negative. Early survey data from 2015 revealed a halt to the upward sales price trend for cropland. However, actual sales data from 2015 will determine exactly what impact 2 years of low commodity prices have had on quality cropland values.
The outlook moving forward for cropland sales prices hinges on how long commodity prices stay low, how long input costs stay high, and what happens with interest rates moving forward. Another low crop commodity price year may start a market correction for land sooner rather than later. Pastureland prices saw a sharp spike in value in 2014. However, the survey results suggest this movement upward may not have carried into 2015 as cattle prices failed to maintain their record high of $300 per hundredweight for long. Because the market did not stay near its record high, it probably will not require a substantial correction for pastureland values to settle where they will remain for the foreseeable future.
Full Text: Mississippi Agricultural Land Values Sales Report – 2015
Nebraska Land Trends 2016
March 9th, 2016, Cornhusker Economics: Agricultural commodity markets continued their decline in 2015 and 2016 as producers across Nebraska faced lower prices for crops and livestock. Lower values have resulted in tighter margins for servicing rent or debt payments…
Full Text: Cornhusker Economics – Preliminary Land Report Values and Rental Rates 2…