Articles tagged under: land values

Higher Commodity Prices Boost Land Values

Published November 23, 2020

An uptick in commodity prices can impact on land values. Wells Fargo Agricultural Economist Michael Swanson says there’s been strong farm real estate pricing in Minnesota. "Between lower financing costs and $11 soybeans, there's a lot of bullishness. Also, any…

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Griffin Succeeds Botsford at Red River Land Co.

Published October 9, 2020

Chris Griffin is the new owner of the Red River Land Company in Grand Forks. Griffin succeeds John Botsford, who will continue with the company as its vice president. Red River Land Company specializes in brokering agricultural properties and American…

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Swanson: Make Tough Cash Rent Decisions Now

Published September 25, 2020

According to Wells Fargo Agricultural Economist Michael Swanson, the farm balance sheet looks strong on paper, but there is a disconnect between the USDA’s definition of a strong balance sheet and farmer sentiment. "When you look at the levels of…

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The New Normal: What’s Next for the Land Market?

Published September 18, 2020

What is the 'new normal' for the land market? That was just one, of the several, discussions held at the Big Iron Farm Show in West Fargo. The crew from Farmers National Company took the stage at the Red River…

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Will Land Values Veer from Plateau Trend in 2020?

Published January 13, 2020

The land market in 2019 continued the plateau trend of the past several years. Farmland sale activity in the first part of the year was slower with the late spring and planting delays. “Despite the slower land market, Farmers National…

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Living in a Confident Land Market

Published October 7, 2019

Despite the downturn in the agricultural economy, farmland values in the Northern Plains are holding steady. Pifer’s Auction and Reality President Kevin Pifer describes the scenario as a “confident land market” for both pasture and crop land. There is a…

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Interest Remains Strong for Quality Farmland

Published September 12, 2019

"Resilient" is the word Brent Qualey uses to describe the current land market. "We could think of a hundred different reasons why land prices should be down, such as commodity prices and tariffs, but we have found over the last…

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Average Cropland Value Increases for 2019

Published August 9, 2019

The average value of agricultural cropland in the United States is $4,100 per acre, up 1.2 percent from the previous year. That’s according to the USDA 2019 Land Values report released this week. That value of cropland ties the 2015…

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Mainstreet Index Above Growth Neutral

Published July 19, 2019

A monthly survey of rural bankers highlights positive growth for the farm economy. The Creighton University’s Rural Mainstreet Index rose above growth neutral for the sixth time in the past seven months. In the past month, the farmland price index…

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Despite Falling Farm Income, Land Values Remain Steady

Published June 28, 2019

Despite another year of falling farm income, land values remain steady to slightly softer in eastern North Dakota and northwest Minnesota. "There have been a few pockets where a lot of land is on the market," says Jayson Menke, broker,…

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