It has been a somewhat uneven start to the 2019 crop year. Cold, wet planting conditions persisted well into the month of May, and hampered progress across the entire Midwest. That being said, farmland prices appeared largely stable as we entered planting season. Good farms – those with above average soil types, adequate drainage, easy farm-ability, and well-managed fertility levels – continue to sell best.
With the arrival of spring fieldwork and planting operations, we mark the beginning of another farmland sales season. It seems that the farmland market across Iowa sets a slightly new course each year, based in part on how things are going out in the fields.
Although land value differences exist across various neighborhoods throughout the State of Iowa,the Iowa farmland market continues to show somewhat surprising resiliency and stability.