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Midwest Flooding: Effects on Crop Yields and Prices

August 13, 2019

Midwest Flooding: Effects on Crop Yields and Prices

This summer has been an exceptionally wet one for the Midwest region of the U.S. Record flooding has hit the area harder than ever before and landowners have faced difficult times repairing the damage. Farmers who spent time preparing were left with conditions far worse than what they had anticipated. And some have had to hire extra help to rehab their devastated properties.

Read more: The Cost to Cure Iowa

While mother nature has provided drier and warmer weather that has helped floodwaters recede this past month, the destruction left behind still has many landowners and buyers wondering how this will affect crops and land prices in the area.

Outlooks for the year from several organizations have reported delays in crop planting because of the devastating floods. In June, Successful Farming reported that the United States Department of Agriculture (USDA) had assessed that about 18.0 million acres of soybeans had yet to be planted. In the report, the USDA pegged the U.S. soybean planting completion rate at 77% vs. a 93% five-year average. Another news source said that corn futures hit a 5-year high due to predicted low yields.

Looking at the effects of land prices throughout the area, it is evident that it truly depends on the specific property. As talked about in a recent article from Farmers National, the length of time flooded and destruction caused by floodwaters will be the main factor behind the change in property values. While most land will recover in time, other properties will require tremendous efforts to build back.

A great example of a Missouri property that has quickly recovered from the flooding and is ready to be planted or developed is this 94-acre property on the Mississippi River in Pike County. Click here for more details on it!

Mississippi River Waterfowl Development
Mississippi River Waterfowl Development Property in Pike County, Missouri

Remember that all land is valued based on the potential to produce. Whether it be farming, timber, or recreation, we will see that those properties that are able to recover the quickest will experience the lowest drop in overall property value.

Feel free to reach out to me with any questions on cropland prices in Missouri or contact a National Land agent in your area!

About the Author
Alec Wardenburg joined National Land Realty in 2019. Before joining the team, Alec previously held an ag sales role for several years with Manna Pro Animal Health. During his time there, he gained experience relating to feed sales, animal health supplements and equine/pet nutrition. Currently, he is a commodity settlement specialist with Bunge Grain Merchandising in Chesterfield, MO. He is also in the Missouri Army National Guard where he is a 2nd lieutenant in a horizontal engineering platoon. He is a graduate of the University of Missouri with a bachelor’s degree in agribusiness management with a minor in plant sciences and military science. As a Land Professional, Alec is eager to work hard for his clients in the Missouri area. Born and raised in the state, he has a great understanding of the types of land and resources available within different regions of Missouri. Additionally, he’s had the opportunity to travel, work and hunt/fish in most areas of his home state. Not only has this allowed him to have a better understanding of the recreational opportunities in different areas, but it has also enabled him to network with local landowners and feed/seed dealers. When Alec isn’t working, he enjoys spending time hunting waterfowl, deer and turkey hunting throughout Missouri and South Dakota, as well as crappie fishing in the spring. He currently resides in Lake Saint Louis with fiancè, Hannah and black lab, Deuce. View Alec's Listings and Reviews on NationalLand.com