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Despite the challenging agricultural conditions in 2024, land values have remained steady. This is due to strong profits from previous years supporting purchase decisions, although farmers are becoming more cautious and protective of their working capital. While some investor money has exited the farmland market, there is still demand for farm acquisitions. However, there has been a reduced supply of farms for sale compared to previous years, which has helped to maintain land prices. The market is expected to become increasingly localized as the year progresses. [Extracted from the article]

According to a recent agricultural economic outlook presentation by Joe Mahon of the Federal Reserve Bank of Minneapolis, Minnesota farmland values have increased by 2% in the past year, while cash rents in the state have decreased by 0.7%. The presentation covered the Fed's Ninth District, which includes Montana, North Dakota, South Dakota, Minnesota, northwestern Wisconsin, and the Upper Peninsula of Michigan. Agricultural lenders surveyed responded that farm income is down from one year ago, and they anticipate this trend to continue in the second quarter of 2024. The installation of drainage tile is highlighted as a major investment that can increase land value and improve crop yields. [Extracted from the article]

This article discusses the influence of local historical wealth on farmland prices. The author identifies local wealth as a difficult factor to measure precisely but suggests that neighborhoods with financially vibrant histories often have higher land values. The author also highlights the correlation between productive soil types and wealth creation, particularly in areas with strong agricultural industries and diverse enterprises. The article concludes that the quality of the land and historical wealth are closely related to the competitiveness and strength of local land markets. [Extracted from the article]

The farmland market in Iowa and the Midwest remains resilient despite falling grain markets. While land sales are not reaching new highs, the value of farmland is still highly sought after for three main reasons. Firstly, land is considered the most fundamental input in agriculture, and farmers aspire to own land. Secondly, buyers make decisions based on a long-term perspective, which reduces the impact of grain market volatility. Lastly, the opportunity to purchase the right farm is prioritized over other capital expenditures. Despite weak grain markets, recent sales in Iowa demonstrate the continued strength of the land market. [Extracted from the article]

This article discusses the impact of crop input prices on land values. The author explains that crop inputs, such as seed, fertilizer, fuel, and equipment, are like ingredients for growing a crop. When input prices are high and commodity prices are low, it can lead to smaller profit margins for farmers and eventually pressure land values. However, the author notes that recent land sales in Iowa indicate that land prices are still holding their own. The article provides examples of recent land sales and their prices per acre. [Extracted from the article]

The article discusses the main factors that influence farmland values, with a focus on strong grain prices. The author explains that strong grain prices lead to higher on-farm profits and increased demand for land, while weak prices result in lower profits and a less stable land market. Other factors that can impact land values include interest rates, input prices, land sale volume, and local historical wealth. The article provides examples of recent land sales in different counties in Iowa to illustrate the impact of these factors on farmland prices. [Extracted from the article]

The article offers information on Sen. Melissa Hurtado's introduced Senate Bill 1153, which aims to ban hedge funds from owning a controlling interest in farmland.

This article discusses the role of neighborhood dynamics in influencing land prices. It explains that the supply and demand relationship plays a crucial role in determining land values. The article suggests that while the demand for additional land may soften due to near breakeven profit forecasts for 2024, it does not necessarily mean that land prices will fall. The author emphasizes the importance of understanding local neighborhood dynamics in the supply and demand relationship. The article also provides recent sales data for various counties in Iowa. [Extracted from the article]