Downward Pressures on Farmland Prices in 2023

Farmland values increase at slower rate with tighter profits

The USDA's National Agricultural Statistics Services estimated for summer 2023 Illinois farmland was worth $9,300 per acre on average, up 4.5% ...

AgLetter: February 2024 - Federal Reserve Bank of Chicago

An annual increase of 6 percent in the Seventh Federal Reserve District's agricultural land values in 2023 helped them reach a new peak, though the yearly gain ...

Marshall County land value jumps nearly six percent, surpasses $12 ...

According to the figures, Marshall County's average farmland value jumped a whopping 5.8 percent from $11,728 in 2022 to $12,404 in 2023, well ...

Agricultural land values climb to new record high - Farming Online

The acreage of farmland put on the open market during the first six months of 2023 is one of the smallest amounts of the past 20 years and is 18 ...

Iowa farmland values rose higher in 2023 - High Plains Journal

“While positive influences were more prominent at the beginning of the year, negative pressures are building as we approach 2024. Barring any ...

FARM FINANCIAL OUTLOOK: LAND VALUES & CASH RENTS

Commodity prices may remain high in 2023, upward pressure on land values. Limited supply and strong demand for land, upward pressure. Main ...

Iowa farmland sees increase in value — the 2nd highest in the U.S.

... farmland values up ... "That creates downward pressure" on home and land sales, said Zhang. ... prices through 2023. Continued demand for ...

What's behind the rise in farmland sales in 2024 - Farmers Weekly

The average arable price for 2023 was £11,200/acre, which was up 3% on 2022 levels and up 22% over five years. A record 70% of arable land sold ...

KC Fed Interest Rates and Land Prices - Iowa Farm Bureau

Strength in farm real estate markets eased, but farmland values continued to increase despite downward pressure from higher interest rates. Farm ...

Indiana farmland prices hit a record high - Madison Courier

Indiana farmland prices once again hit record highs in 2023, according to the recent Purdue Farmland Value and Cash Rents survey.

Net Farm Income in 2024 Forecast to Be Down 25% from Last Year

The largest percent increases between 2023 and 2024 are expected between marketing, storage and transportation (up 12%), the cost of labor (up ...

Property Talk: Why the price of farmland is set to climb again in 2023

Residential property prices have fallen for five months in a row, but prices for farmland and woodland look likely to buck the trend, ...

Are the Tops in With the Farmland Prices? - LinkedIn

Kevin Pifer (KP): The farmland market continues to show remarkable signs of resiliency, and unprecedented territory for land values. It appears ...

2024 Nebraska Farmland Values and Cash Rental Rates

Lower corn and soybean prices reduced crop receipts across the state by $2.3 billion but were partially offset by higher cattle and calf prices ...

Agricultural Real Estate Market - 2022 Year Review and 2023 Outlook

Going forward into 2023 we can expect to see prices holding steady or maybe slight increases in prime cropland, while the demand and value for ...

Agricultural land prices soar as hedge funds compete with farmers ...

... downward pressure on prices, followed by restrictions that come with conservation easements. “Prices are moderated somewhat in our area by ...

REFERENCE MATERIALS FOR VALUING AGRICULTURAL LAND ...

The 2023 assessment year agricultural land value utilizes the land's current market value in use, ... Iowa's farmland values moved down from a ...

2023 upward trends in farmland values suggest a resilient market

Yet FCC is reporting an average increase of 11.5% in cultivated land values for Canada in 2023, the second highest increase since 2014, and ...

The Outlook for Michigan Agriculture 2024 - Product Center

Land prices continue to rise. In 2023 cropland in Michigan averaged $5,900 an acre, an increase of 11.3 percent from 2022. Cash rents were up ...

Global Farmland | Savills

The increase in average farmland values in. 2022 can be attributed to a significant decrease in properties marketed, with the national transaction volume down ...