Smoking Hot Land Prices Continue to Soar, no Softening in Sight

 

By Rhonda Brooks, AgWeb  

May 10, 2022

 

The land market price acceleration that started a year ago continues its upward trend, says Doug Hensley, president of Iowa-based Hertz Farm Management.

 

“It’s hard to tell where we’ll be a year from now, but we haven’t seen any weakness anywhere in this market,” says Hensley. “It’s a strong market across the U.S., not just in the Midwest.”

 

But the price trends for Midwest farmland are particularly glaring. In parts of Iowa, southern Minnesota and eastern Nebraska, Hensley has seen some 30% and 40% year-over-year moves in the land market. As a result, frustrations have been palpable among would-be buyers at land auctions.

 

“When things are moving that quickly, people were coming to sales thinking they came with a big enough pocketful of money to get something bought but weren't able to get it done the way they thought they would,” he says.

 

How Can Farmers Pay The Cost? ...

 

So Much Uncertainty Ahead ...

 

Cash Is (Almost) Always King ...

 

Current Sales Cycle Is About To End ...  

 

more, including charts, audio [11:59 min.]  

https://www.agweb.com/news/business/farmland/smoking-hot-land-prices-continue-soar-no-softening-sight