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Friday, March 22
by
Brownfield Ag News
Farmland values remain strong despite financial headwinds
Midwestern farmland values remain strong despite a weakening ag economy. Compeer Financial director of appraisal Adam Schmidt says a dramatic increase in interest rates should put downward pressure on the land market. “Land is more expensive to finance, that investor category has other attractive alternative ...
Wednesday, March 6
by
Brownfield Ag News
Signs of weakening farmland values
Several indicators point to weakening farmland values. Jim Rothermich with Iowa Appraisal tells Brownfield he tracks every land auction in the state and says there were at least nine no-sales in February. “That is a drastic increase. A year ago, February 2023, we had ...
Friday, February 9
by
Brownfield Ag News
Illinois farmland values “off the peak”
Average values for the most productive cropland in Illinois have risen nearly $6,000 an acre in two and a half years. Compeer Financial certified appraiser Ethan Koch says his benchmark for highly tillable top-quality ground was $15,400 in July of 2021. “And as of February ...
Thursday, January 25
by
The Center Square
Illinois senator introduces bill to ban hostile foreign entities buying farmland
(The Center Square) – A new bill would prohibit non-citizens from countries deemed hostile by the federal government from buying Illinois farmland. ...
Friday, January 5
by
The Center Square
USDA report: 1.6% of Iowa farmland owned by foreigners
(The Center Square) – The U.S. Department of Agriculture's latest report on foreign land ownership shows that 1.6% of Iowa's 35.8 million acres are owned ...