If your paycheck depends on the weather! Markets are strong with $8 Corn and $16 Beans, if we can get the weather to cooperate and get a crop in the ground. The volume of acres we are selling is up again. There is still farmland hitting the market. We have heard nothing but talk of interest rates on the rise. This may affect houses more than it affects us in the land market. (Looking back to 2008 when the housing market crashed, and farmland did not.) Farmland is purchased from a position of strength. There is a lot of equity out there. We are continuing to see absentee landowners decide to sell the farm to capitalize on the high land prices. The data indicates that highly tillable land is still selling at an increased rate. “Good farms, sell good!” The Auction method is the way to sell your farmland. True price discovery. The last 4 farms we have sold have exceeded our expectations.
Results from the 78 Auctions (8,865 acres) this last month have the average for the state at $12,161 high quality ground at $16,015/ acre, and medium quality ground averaging $9,179/ acre. Low quality ground has remained steady at an average of $5,800/ acre. Our Mission; Is to be your “Trusted Advisors”, Our obligation; is to market your farmland to the largest audience yielding you the most successful outcome!
David & Ann Whitaker | Iowa Land Guy When you think of Farmland Think of US!