Farm Credit Services of America - Recent Press Release
Posted on 02/07/2017 at 03:30 PM by Jim Rothermich
“Farmland Values Decline at Slower-Than-Expected Pace”
On February 2, 2016, Farm Credit Services of America (FCS) released 2016 farmland trends for Iowa, Kansas, Nebraska, South Dakota, and Wyoming.
The overall trend of weakening cropland prices continued through 2016, though the pace of decline remains slower than expected. 2016 corn and soybean crops were high through much of the region, which helped profitability levels and contributed to continued demand for quality tracts.
FCS tracks sales in Iowa, eastern Kansas, Nebraska, South Dakota, and Wyoming. Appraisal teams also update values on 71 benchmark farms every January 1 and July 1. The resulting data is the largest and most comprehensive snapshot of farmland values in the region.
To read the full FCS press release, click here.
To read FCS’s February 2nd “Common Ground” blog post, click here.
“That’s my story and I’m sticking to it!”
Jim “the Land Talker”
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