The early fall farmland sales market across the State of Iowa has shown great resilience – and perhaps more strength than some market observers expected.
Normally by this time, we’ve already seen combines start to nose their way into fields across rural America but this year, everything has been just a little different. Later. Harder. And wetter. While every year is different, 2019 has been more different than most, and there’s likely to be some impact on the Iowa land market as we look back.
What does this fall have in store for Iowa and rural America? There are many factors in play simultaneously; and all this simultaneous motion seems to make the world spin that much faster. How will these factors impact the Iowa farmland market, as we approach the fall sales season?
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.