“Farmland values have hit record-breaking prices this summer. For example, some land in Iowa hit roughly $26,000 per acre. Very few independent land buyers are willing to pay that price, and even fewer have the actual means to do so. It’s creating a barrier to entry for new, young farmers and making land loans much more critical in the marketplace.
But as we begin the transition into autumn, however, the farmland market is explicitly headed toward a plateau.” -Jason Burbage
President of National Land Realty Jason Burbage’s fourth-quarter outlook on farmland prices in the US was recently published by Agrimarketing. In this market update, Jason illustrates the circumstances that have led to inflated farmland values, especially in the midwest, as well as factors that may regulate these values in the months to come.
