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Land Resources / News / National
Farmland Values Continue to be Strong
Source: Corn & Soybean Digest, by Kent Thiese
Most reports from private companies involved in selling agriculture farmland in the Midwest have indicated strong land values in recent months. In many areas, 2010 land values are being reported near or above the peak land values in mid-2008, after declining 3-5% late in 2008 and early in 2009 in many locations. The decline in land values early in 2009 in some areas was expected due to reductions in farm income, lower crop prices, rising crop input costs and lower profitability in the livestock sector. By the fourth quarter of 2009, farmland values had already begun recovering from the temporary softening of land prices earlier in the year. Land sales in most areas of the Midwest during the first half of 2010 seem to indicate that farmland values have not only stabilized, but have again begun to increase; however, land values in more intense livestock production areas have been much slower to increase in recent months. August 31, 2010
Read the complete article from Corn & Soybean Digest » |
