July 2023 Wallace’s Farmer “MarketPlace Extra”
Farmland prices remain strong across the State of Iowa. However, the early summer farmland market is different than it was 12 months ago.
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Farmland Values Stabilizing
Year-over-year farmland values are still strong. In fact, in the Chicago Federal Reserve district, land values posted another double-digit year-over-year gain (10 percent) for the eighth quarter in a row, as of April 1. But the rate of increase is slowing down...
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Farm Interest Rates at Levels Not Seen in 15+ Years
Rates on both non-real estate and real estate loans have risen quickly and were nearly 4.5 and 3.5 percentage points higher than the end of 2021, respectively.
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Midwestern Farmland: Strong, Market, Weakening Fundamentals
“I do want to emphasize the financial condition of the ag sector is very healthy,” says Hensley. “But it’s also clear that we are transitioning into a different market than a year-ago..."
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Landowner Considerations for Wind and Solar Contracts
Landowners should carefully weigh the potential benefits and drawbacks of leasing their land for renewable energy...
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Farmland Value Update - Summer 2023
Our expectation is that we will continue to see good competition for the best quality land, with market participants who use a very sharp pencil to determine how far they will go in pursuit of new farmland acquisitions.
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Grain Markets - Summer 2023
The corn and soybean markets continue to experience significant volatility. Agriculture has been fortunate to experience strong commodity prices for the past several years, and U.S. corn and soybean yields have been relatively consistent during that period. Fortunately, demand for those commodities has also been strong.
