After a few years of upward pricing, farmland values are starting to cool.
One economist says prices started to peak across farm country in the early 2020s.
“Yes, and that corresponds with that double-digit run-up in land values during that time for a lot of states, specifically the ‘I’ states, with very strong commodity prices, some good yields in a lot of places, and uncertainty in the market post-COVID, and some other things that drove the land prices higher. And the people, this would be families that inherited land, estates that needed to sell the land, or even some investors that wanted to capitalize on those higher prices. They decide to sell, and those prices run up. We saw the same thing leading up to 2012-'13,” said Randy Dickhut.
On average, land listings are down 25 percent from early 2020. Researchers at Farmers National say active farmers continue to be the primary land buyers this year.
Thousands of pork producers from around the globe gathered in Des Moines, Iowa, this week for the World Pork Expo to showcase the latest production innovations and learn about market trends in the industry.
Mike Vanmaanen, president of the Livestock Marketing Association, joins us Friday on the Market Day Report for a closer look at the Heritage Act.
The Virginia Farm Bureau shows us how robotic milking technology has become a lifeline to the Commonwealth’s dairy industry, increasing production efficiency in the face of low milk prices and rising labor costs.
Keeping a close eye on Capitol Hill, farmers and ranchers wait with bated breath as President Trump’s “One Big Beautiful Bill” heads to the Senate. AFBF economist Danny Munch joins us for a closer look.
Over 94 percent of U.S. dairy farms are family-owned, carrying forward a legacy built over generations that supports three million jobs and generates more than $40 billion in wages.
