Tillable Inc. and Compeer Financial have partnered to launch an online loan application, enabling anyone to purchase or refinance farmland directly from a smartphone.
Farmland values are rising sharply in Iowa, according to a semi-annual survey of real estate agents.
Economists shared outlooks about the ag economy at the 2021 Ag Outlook Forum. The event was held in Kansas City in partnership with the Agricultural Business Council of Kansas City and Agri-Pulse Communications.
Strong demand for income-producing land is generating high farm values, especially those sold through auctions because of the benefits of competitive bidding.
Farmland values in the first quarter of 2021 were 7% higher than a year ago, the largest jump since the 11% increase in 2012. The findings were from a survey conducted by the Federal Reserve Bank of Chicago and reported in The AgLetter.
Michael Morris, vice president appraisal at Compeer Financial, was inducted into the Illinois Society of Professional Farm Managers and Rural Appraisers Hall of Fame during the organization’s annual meeting.
Farmland values across the Corn Belt and beyond showed remarkable strength in March, reflecting higher commodity prices, improved farm income and favorable credit conditions, according to R.D. Schrader, president of Schrader Real Estate and Auction Co.
Farmers seem more optimistic about the future, according to the latest reading of Purdue University/CME Group Ag Economy Barometer.
Farmers continue to account for a majority of farmland buyers and the agricultural economy will carry over to increased land prices, according to a survey by the Illinois Society of Professional Farm Managers and Rural Appraisers.
Strong rural land values combined with intense buyer demand can mean significant benefits for farmers and other rural landowners thinking about selling their property.