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February 2025 Wallace’s Farmer MarketPlace Extra
As has been well documented over the past year, the Iowa farmland market has weakened compared to 18 months ago. In some areas throughout late 2024, we saw land sales that were 5% to 15% off what they would have brought in mid-late 2023.
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Strong Sales in a Softer Market
Strong Sales in Iowa, Illinois, Minnesota and South Dakota that performed well despite a softer farmland market.
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Uncertainty Clouds Ag Economy
There are several buckets of uncertainty that will affect agriculture in the coming year, explains Hensley. Of course, there are commodity price and production unknowns, each of which are common every year. However, in 2025, additional political and economic uncertainties will be important factors to watch.
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Cyclical Land Values Head Into Flat Territory
For the first time since 2019, farmland valuation in the Chicago 7th Federal Reserve district remained unchanged from the previous year.
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Farm Profitability Sinks
Only half of agricultural borrowers are expected to be profitable in 2025, according to an August 2024 agricultural banker survey across the country.
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Farmland Market Softens Heading Into 2025
A year ago, anyone thinking of selling a farm thought they could still get a near record sale price. Now, farm sellers are not expecting a record sale...
January 2025 Wallace’s Farmer MarketPlace Extra
As we flip the calendar to 2025, we approach the new year with cautious optimism. The changes we witnessed last year made 2024 into a year of major transitions.
