Published Apr 15
Farmland prices have increased for the first time since 2013, driven by by strong commodity prices and low interest rates. Surveys suggest the outlook is very bright Summary High quality Iowa farmland now exceeds $10,000 per acre, up by 7. 5% over the past six months. Chicago Fed's AgLetter covering farmland outlook is the rosiest in years Farmer optimism is driven by higher commodity prices and low interest rates. Iowa Farmland Survey Strengthened Iowa farmland prices increased approximately 8% over the past six months through March 2021, as measured by the Iowa Chapter of the Realtors Land Institute (“RLI Iowa”) March survey...
Categories: Ag Commentary, Corn, Farmland and Real Estate