April 2023 Wallace’s Farmer “MarketPlace Extra”
Land values here in early ’23 have certainly been buoyed by the strong profits of 2022; but today, there are also offsetting headwind pressures including higher input costs for the coming planting season, tighter profit margin forecasts, and an interest rate environment that continues to tick higher.
Drainage Tile: What you need to know
Tile drainage is a management system the removes excess water from soil below the surface. This type of drainage system helps bring soil moisture levels down for optimal crop growth.
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21 Hertz Professionals Recognized RLI’s APEX Producers Club
Hertz Farm Management is proud to announce that twenty-one employees have been recognized as part of the 2022 APEX Producers Club by the REALTORS® Land Institute as a part of the RLI APEX Production Awards Program, sponsored by The Land Report.
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March 2023 Wallace’s Farmer “MarketPlace Extra”
While there are few new records being set right now, it does seem like there’s more of a leveling off in price action for quality Iowa farms.
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Iowa Farmland Values Hit Record Levels
Iowa farmland values rose 17% in 2022, with an average value of $11,411 per acre, according to the December Land Values Survey conducted by Iowa State University.
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Dry Weather Tempers Outlook in Western Corn Belt
Land values remain high in the Kansas City Federal Reserve district, although, drought conditions are moderating the pace of growth, according to the third quarter bank survey released in November.
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Land Values End 2022 at Record Levels – 2023 May Look Different
Headline-grabbing land sales, historically strong grain prices, and solid crop yields pushed land values to record prices in many, if not most, areas in 2022. What will 2023 look like in comparison?
