Overall land values have remained fairly stable due to relatively low long-term interest rates, a limited supply of land being offered for sale, and relatively strong buyer interest. The land market weathered many storms in 2019 just like U.S. agriculture as both balanced precipitously on the plateau of the past five years. Poor. Planting delays and prevented plantings contributed to the lackluster activity. £6,162. 2020). Poor. “There are a number of factors that indicate that the land market will continue to be steady in 2020,” Dickhut says. However, there are some lingering “caution flags” that could put further downward pressure on land values in the coming 12-18 months. “Lower quality farmland had less demand and in many cases was harder to sell. These landowners want someone they can trust to sell their farm,” Schadegg says. The much anticipated quarterly issue of the Purdue Agricultural Economics Report was released this morning with the complete survey results of farm and land values across the state of Indiana – Read the report in its entirety HERE.. Participants were asked to estimate average values of farmland as of September 2020. (Click an image below to view a high-resolution image that can be downloaded) Estimated average per-acre values of cropland in North Dakota from 2014 to 2020. £7,642. https://www.farmprogress.com/sites/all/themes/penton_subtheme_kansasfarmer/images/logos/footer.png. ND The REALTORS® Land Institute - Iowa Chapter has released the results of its September 2020 Iowa Land Trends and Values Survey. Chapter members from all the regions of Texas provide data to develop the annual market study. Copyright © 2020. As of June 1, 2020, the data for the first quarter of 2020 indicated stable land prices and did not show any negative impact from the COVID-19 crisis. Many areas of the Upper Midwest experienced above average corn and soybean yields in 2016 and 2017, which seemed to stabilize land values in many locations of the region in 2017 and early 2018. PRICES HOLD: In spite of a slow start because of the wet spring of 2019, land values stayed on a plateau during the year and, in terms of acres sold, it was a strong year. Land value summaries showed that a reduction in average land values did occur in many regions of the U.S from 2014-16, including the Upper Midwest, … 4 Land Values 2020 Summary (August 2020) USDA, National Agricultural Statistics Service Agricultural Land Values Highlights The United States farm real estate value, a measurement of the value of all land and buildings on farms, averaged $3,160 per acre for 2020, no change from 2019. “Interest rates are low and are poised to remain so during the foreseeable future and government support through MFP payments will likely continue if Chinese trade issues are not fully resolved. Reduced interest to purchase farm land, or a rapid increase in the amount of land being offered for sale. Producers should have and maintain a risk management plan that considers possible economic changes to ensure budget flexibility if commodity prices, yields or interest rates shift. The statewide all-land average value for the year ending Feb. 1, 2020, averaged $2,725 per acre, or about a 3% ($80 per acre) increase to the prior year’s value of $2,645 per acre. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Based on potential returns from crop production, current land values should probably be much lower than current levels. Putting a value on agricultural land is both art and science, especially where sales prices remain private. For 2019, all types of land in Missouri increased in value. Trends in farm land values in Southern Minnesota are probably fairly close to the trends shown in the Iowa land value survey, reflecting the lower crop prices and tighter profit margins in recent years.