October 2023 Wallace’s Farmer “MarketPlace Extra”
As harvest begins and yield totals emerge, the market will again make judgement as to how aggressive or passive prospective buyers will be when making purchase decisions.
September 2023 Wallace’s Farmer “MarketPlace Extra”
Commodity prices have been a rollercoaster this summer, albeit with profitable selling windows, while generally grinding lower, and interest rates are roughly double what they were 12-18 months ago.
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August 2023 Wallace’s Farmer “MarketPlace Extra”
After a weak commodities market through the spring, the early growing season featured a drought-induced weather scare that drove corn and soybean prices higher.
July 2023 Wallace’s Farmer “MarketPlace Extra”
Farmland prices remain strong across the State of Iowa. However, the early summer farmland market is different than it was 12 months ago.
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Farmland Values Stabilizing
Year-over-year farmland values are still strong. In fact, in the Chicago Federal Reserve district, land values posted another double-digit year-over-year gain (10 percent) for the eighth quarter in a row, as of April 1. But the rate of increase is slowing down...
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Farm Interest Rates at Levels Not Seen in 15+ Years
Rates on both non-real estate and real estate loans have risen quickly and were nearly 4.5 and 3.5 percentage points higher than the end of 2021, respectively.
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Midwestern Farmland: Strong, Market, Weakening Fundamentals
“I do want to emphasize the financial condition of the ag sector is very healthy,” says Hensley. “But it’s also clear that we are transitioning into a different market than a year-ago..."
