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.
Fall harvest operations have nearly concluded across the State of Iowa. Despite variable growing season conditions, strong yield expectations were met (or exceeded) in most regions of the state. Strong overall yield results will be supportive to a land market that otherwise faces some headwinds going into the off-season including higher interest rates, relatively weak commodity price levels, and significant trade uncertainties.