Farm land values are down from their highs in the early 2020s

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.

Related Stories
The challenge is adoption.
Corn exports remained active the week of May 7, but weak soybean, cotton, and sorghum sales kept attention on China and late-year demand.
Conservation programs may work better when they recognize yield risk and cash-flow pressure during adoption.
Cotton growers can use the survey to compare nutrient, herbicide, and pest-management practices against national production benchmarks.
Drought and Planting Shape Weekly State Agriculture Recap
Fred Nichols with Huma joins us to discuss the 4 R’s of nutrient stewardship and how farmers are adapting best practices in today’s evolving ag economy.

LATEST STORIES BY THIS AUTHOR:

Purdue University’s Dr. Michael Langemeier joins us to break down the latest read on farmer sentiment in the April Ag Economy Barometer, and growing concerns about the impact of global conflict on farm inputs and income.
Federal officials are signaling a more aggressive push on beef packer concentration, but any direct market impact will depend on what the investigation actually finds.
Higher freight rates and potential service disruptions are key concerns for agriculture, which relies heavily on rail to move commodities.
Wyoming cowboy and Dusty Vaquero Days founder J.B. Zielke joins us to preview his upcoming event in Gillette and to highlight the festival’s celebration of cowboy culture through music and community events.
Members from across the state will gather for competitions, workshops and leadership opportunities.
DOJ and USDA investigate beef industry concentration, with Big Four packers under scrutiny and a major settlement announcement expected later this week.