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Welcome to Farmers National Company!
Today is Tuesday, September 30, 2014
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Landowner News

View the Trade Shows Farmers National Company will be attending this year. 

Strong Farm Incomes Hold Land Values in Check 

 

Positive income results for farms, combined with a tight land supply, have buffered economists' previously projected downturn of farmland values, according to Farmers National Company, the nation's leading farm and ranch real estate company.  

Farmers National Company recorded strong real estate sales for the first half of 2014, down somewhat from record sales experienced in 2013. Aggressive marketing by Farmers National agents and good demand for land have propelled this year's sales. 

"The big story is that the land market is stable, despite projections that farm income and land values would drop," said Randy Dickhut, AFM, Vice President of Real Estate Operations of Farmers National Company. "The anticipated large drop in farmland values hasn't happened, as farm incomes were stronger than expected going into 2014. Original income projections of 20 percent below last year were not realized." 

In late 2013, forecasters were pessimistic for the year ahead.   However, Dickhut said economic trends and key market factors shifted in a way that paints a more positive picture for this year.  

While land values nationally are slightly down a few percent or stable,  Dickhut said values overall remain historically strong. The northern plains area has experienced the most softening of land values due to weather conditions and lower commodity prices last year. Still, good quality farms sell well as demand continues from buyers.   In contrast, the delta region has experienced land value increases of 13 percent due to good crop production.  

Regionally, land prices remain fairly stable compared to the double-digit price increases seen in recent years. Prices per acre for high quality land range nationwide from $3,500 to as high as $12,500 per acre in parts of Indiana, Illinois, Iowa, and Nebraska. Values in the Upper Midwest remain strong overall with sales reaching $9,000 per acre in some locations.  

As demand rises, prices for grass land continue to increase in places like Nebraska and Texas. Livestock producers are rebuilding depleted cattle herds, which puts pasture land at a premium. Reduced feed costs for livestock have helped boost income levels in this ag sector, allowing operators to acquire land 

"The 2014 outlook for farms remains positive," said Dickhut. "Farm owners continue to search for high quality land to expand their operations. I think economic forecasts overrated the demise of the U.S. land market. Things didn't fall apart, but instead held steady and strong.  

Profitability for operations helped to ultimately keep property values strong."  

  

See reports of land values in your region and
read updates from our area sales managers.
 

  

   

 

  

  

Yes, I want to receive e-mail updates on real estate listings, auctions, and real estate news. Click Here! 

 

For real estate information about your specific area, please contact: 

 

Roger Hayworth, Area Sales Manager for Ohio, Indiana, Illinois, Michigan, eastern Kentucky, and eastern Missouri at 1-888-673-4919 or RHayworth@FarmersNational.com; 

Sam Kain, ALC, GRI, ABRM, Area Sales Manager for Iowa, Minnesota, Missouri, North Dakota, South Dakota at 1-800-798-4509 or SKain@FarmersNational.com; 

Terry Longtin, AFM, Area Sales Manager for North Dakota and Northwest Minnesota at (701) 780-2828 or TLongtin@FarmersNational.com 

J D Maxson, Area Sales Manager for western Nebraska, portions of northwest Kansas, eastern Colorado, eastern Wyoming, and southwest South Dakota at (308) 660-2100 or JMaxson@FarmersNational.com; 

Brock Thurman, Commodity Marketing Specialist, AFM, and Area Vice President for Kansas and Oklahoma at (620) 825-4320 or BThurman@FarmersNational.com. 

Mike Lansford, Area Vice President for Texas at (817) 884-4414 or MLansford@FarmersNational.com. 

Flo Sayre, ALC, Real Estate Broker for the Columbia Basin and Eastern Washington state at (509) 544-8944 or FSayre@FarmersNational.com 

  

  

  


If you are considering selling, let this market work for you. This is not a time to sell real estate quietly to the neighbor or a relative unless you just want to leave money on the table. To get a handle on what your land might be worth, or if you are interested in buying land to add to your portfolio, give us a call at 1-800-346-2650. 

 

Would you like to Know About New Land Listings and Upcoming Auctions in Your Area? 

  

Farmers National Company would like to provide you with the most current information available by e-mail on new FNC land listings, real estate auctions and land trade news at no cost or obligation from you. Just click on the link below and provide us with your name, address, and e-mail. Please indicate what states you are interested in receiving information about in the "Comments" box. 

  

Click Here to Search FNC Listings 

  

Sold Sign 2012  

RECENT LAND AUCTION RESULTS 

$20,400/Acre • Sioux County, Iowa 

$13,100/Acre • Osceola County, Iowa 

$11,000/Acre • Cass County, Nebraska 

$11,424/Acre • Edgar County, Illinois 

$12,500/Acre • Polk County, Iowa 

  

For more details on our upcoming auctions, please click here to see our auction calendar. 

  

LAND AUCTION!  

280± Acres • Decatur County, Iowa 

Friday, September 19, at 10:00 AM at the Leon Golf and Country Club in Leon, Iowa.  

  

The farm has a mix of hay land, CRP income (with great hunting possibilities), pasture land, a beautiful home with working corrals, and barns. The house is well maintained ranch house with attached one car garage that was built in 1967. The heating and cooling system has been upgraded to underground heat source. This farm can be a great cattle operation or a nice home for weekend hunting and recreation.

For additional information, please contact Rod Good, Agent, at (515) 981-0193 or (515) 250-1119 or click here.
 

  

LAND AUCTION!  

600± Acres • Keya Paha County, Nebraska 

Thursday, September 25, at 1:30 PM, at the Naper Café in Naper, Nebraska. 

  

Selling will be four contiguous tracts of dryland farmground/pasture/hunting. Tract 1 consists of 40+/- acres of alfalfa seeded in 2012. Good stand of dryland alfalfa with excellent soils. Should be a good feed producer for many years with little expense! Tract 2 is 80+/- acres with 65.87 acres of cropland with 47.38 acres planted to corn and 18.49 acres currently in alfalfa. Excellent soils. Can be a top producing dryland farm. Old building site located in the southeast corner with plenty of trees. Could be a place to winter cows…

For additional information, please contact Dave Hickey, Agent, at 1-800-844-3554 office or 402-340-4436 cell or Andy Fehringer, Agent, at 1-402-920-3065 cell
or click here. 

  

 

Important Links 

Your Current Weather  

Chicago Board of Trade  

Kansas City Board of Trade  

  

  

   

  

2012 summer land report cover web 

Special Report: America's Top 30 Auction Houses 

Farmers National Company was Rated the #1 Land Auction Company in 2012 and 2011 by The Land Report  

The Magazine of the American Landowner 

The Land Report also rated Farmers National Company as a "Best Brokerage Company" in 2012 and 2013 

 

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