The USDA is out with its annual look at farmland values and cash rents. USDA Chief Economist Seth Meyer said the latest numbers indicate a cooling in year over year growth.
The Farm Credit Administration’s board received an update on economic issues affecting agriculture. The U.S. economy continued to show modest growth throughout 2024, as gains in productivity support real wage growth and boost consumer spending. But, for agri...
Farm real estate values increased considerably in 2022 but showed signs of softening during the final months of the year as interest rates rose sharply. Interest rates on farm loans jumped to decade highs alongside increases in the federal funds rate.
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Growth in farm real estate values remained strong but showed some signs of easing alongside higher interest rates. The Kansas City Federal Reserve says the average interest rates on farm loans increased from record lows at the beginning of last year to decade highs by December of 2022. De...
Experts expect farmland values to decline as agriculture enters the projected fourth year of lower farm incomes. Farmers National Company says agricultural land values in most areas can be expected to continue to gradually decline over the next several years, if commodity prices and farm incomes remain at current low levels.
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Farmland values, particularly in the Midwest are continuing to decline as is farm real estate values according to the USDA.
Analyst Dan Bigelow said that could be a good thing for cash rents and bring up profits for those are renting their farmland.
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