A Practical Guide to Transitioning Your Farm to the Next Generation
Transitioning a farm to the next generation marks a major milestone for any family. The process requires early planning, clear communication, and thoughtful decision-making. It also involves both emotional and financial considerations. To help you move forward with confidence, this guide walks through the essential steps for a smooth and successful transition. 1. Start Planning […]
Navigating Through Seasons: Iowa’s Corn and Soybean Yield Prospects and the Impact of Weather Patterns
As Iowa farmers gear up for the upcoming planting season, understanding the expected yields for corn and soybeans, as well as how weather patterns might influence these crops, is crucial. The USDA’s latest reports provide valuable insights into these aspects, guiding farmers towards informed decisions for their operations. Corn and Soybean Yield Forecasts in Iowa […]
What is agency?
Top 50 Questions about Farmland Agency in real estate refers to the relationship between a broker (or agent) and the party they represent, outlining who they work for and where their fiduciary responsibilities lie. In simpler terms, agency defines who the broker is working for and whose best interests they are obligated to protect. Types […]
What is the best time of year to sell?
Top 50 Questions about Farmland The best time to sell farmland depends on factors like market conditions, seller goals, and timing needs. While specific months may see higher activity, the ultimate answer is: the best time to sell your farm is when you’re ready to sell. Key Considerations for Timing Full Bins Sell Farms: Farmers […]
What do I have to pay for taxes?
Top 50 Questions about Farmland When you sell farmland, you’ll navigate three primary types of taxes. Understanding how each tax works helps you plan ahead, meet your obligations, and protect the value of your sale. 1. Property Taxes Timing: In Iowa, property taxes run a year in arrears, so you pay this year for last […]
Do you cash the check right away?
Top 50 Questions about Farmland No, the earnest money check does not get cashed immediately. Instead, the transaction follows a clear process that complies with Iowa Real Estate Commission rules. These rules require the check to be deposited into a trust account within five days, ensuring transparency and security. How the Process Works Post-Auction Communication: […]
Bang for your buck
While David attended the National Land Conference hosted by the Realtors Land Institute, I stayed home handling land closings, shuttling kids, and calving cows. I am not complaining—this is exactly what I love to do. However, as I worked through several land transactions, I kept thinking about the size of these investments and what farmers […]
MARCH 2023 IOWA FARMLAND VALUE | IOWA LAND GUY
As of April 2023, Iowa farmland prices continue to trend upward. Strong demand for quality agricultural land remains a key driver across the state. According to the Realtors Land Institute March survey, average Iowa farmland values increased by approximately 1 percent over the past six months. This steady growth reflects continued confidence in the farmland […]
Do you offer online bidding?
Top Questions About Farmland Auctions One of the most common questions landowners and bidders ask is whether farmland auctions offer online bidding. The short answer is yes—and the technology matters more than ever. Do You Offer Online Bidding for Farmland Auctions? Yes, we offer online bidding through a custom-built platform designed specifically for farmland auctions. […]
FEBRUARY 2023 IOWA FARMLAND VALUE | IOWA LAND GUY
The Iowa Land Market Is Changing The land market continues to evolve, and recent conversations confirm that shift. We recently returned from the National Land Conference hosted by the Realtors Land Institute, where brokers from across the country shared insight into current conditions. Despite ongoing discussion around interest rates, one theme was clear. Interest rates […]