Iowa farmland values down for third year, more declines expected
Farmland values in Iowa, the No. 1 corn and hog state, are down by 17.5 percent since the collapse of commodity prices in 2013, says an annual survey by Iowa State University. ISU researchers joined other analysts in forecasting land values will continue to fall for a couple years more in the first significant adjustment in U.S. values since the agricultural recession of the mid-1980s.
U.S. farmland values to fall 20 percent in ‘moderate repricing’
MetLife Agricultural Finance says low corn and soybean prices are constraining farm income and will lead to the "first significant correction" in farmland values since the agricultural recession of the mid-1980s, reported Agrimoney. The lender forecast land prices to fall 20 percent by 2018 from their recent peak.
Dour farm and ranch outlook in Midwest and Plains
Farm income and agricultural land values are headed downward in the final three months of the year, bankers said in surveys by the Kansas City, Chicago and St Louis Federal Reserve Banks, which cover most of the Midwest and the Plains. The Dallas Federal Reserve said lenders in its district in the southern Plains also expect land values to slip in the final quarter of the year.
Cropland values sink in Corn Belt, rise in Southern Plains
Cropland in the Corn Belt is worth an average $6,840 an acre, down 2.3 percent from last year, according to the USDA's annual Land Values report.