When you look at what makes a farm operation successful, it all boils down to one thing-teamwork. Through teamwork and trusting relationships, the Felton family, the Diamond family, and Hertz Farm Management have kept the Felton Farms running a successful farm operation.
Last month I reported that it had been a somewhat uneven start to the 2019 crop year. Never did I think I’d report a month later in this same column that due to continued cold, wet planting conditions we still haven’t finished planting our corn or soybean crops here in the Midwest!
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.