“If any industry is set up for dealing with the unknown, it’s agriculture. Every year, we deal with both weather and price fluctuations, often with wide variations. And every major disruption gives the ag community the opportunity to learn something,” says Hensley.
Our current farmland market has proven to be incredibly resilient, and Iowa farmland values seem to have held their own – and now, values may even be showing a slight turn higher.
If you can somehow cut through all the motion and noise coming from the challenges of 2020, you will find that the fundamental drivers of the farmland market have trended positively, at just the right time.
Relating to the Iowa and Midwestern farmland market, the theme of 2020 seems to be that of stability... People still favor owning farmland. And in a year like 2020 when stability has been in short supply, Iowa (and Midwestern) farmland has delivered.