A REPORT ON NATIONAL FARMLAND VALUES SHOWS PRICES ARE HOLDING THEIR OWN DESPITE SEVERAL DOWN ECONOMIC ISSUES.
PEOPLES COMPANY PRESIDENT STEVE BRUERE SAYS 2023 HAS BEEN A TRANSITIONAL YEAR FOR FARMLAND AFTER SEEING SO MANY TRANSACTIONS IN 2022.
FARMLAND1 OC……..LAST YEAR” :15
HE SAYS THEIR REPORT IS NOT A SURVEY, BUT REVIEWS ALL TYPES OF SALES INFORMATION AND OTHER FACTORS. IOWA’S CROPLAND HAS HELD ITS OWN ALONG WITH THE REST OF THE COUNTRY.
FARMLAND2 OC…….NUMBERS FLOATING AROUND” :19
BRUERE SAYS THE UPS AND DOWNS OF CORN AND BEAN PRICES ARE ONLY A PART OF FIGURING THE VALUE OF FARMLAND.
FARMLAND3 OC……….PRETTY BULLISH” :22
AND THERE’S A LIMITED NUMBER OF ACRES TO BUY AS HE SAYS ONLY ABOUT ONE PERCENT OF ALL FARMLAND IN THE COUNTRY HITS THE OPEN MARKET ON AN ANNUAL BASIS.
FARMLAND4 OC……REVENUE STREAM” :08
YOU CAN FIND OUT MORE ABOUT THEIR LAND VALUE REPORT AT THE PEOPLES COMPANY WEBSITE.
