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What’s Going on With Farmland Values?

By Brent Gloy Originally posted on Agricultural Economic Insights May 22, 2017 The recent release of the March 2017 Iowa Land Trends and Values Survey estimated that Iowa farmland values were slightly higher than they were 6 months ago and only 2.7% lower than a year ago.  These results provide some encouragement that perhaps land values are…

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Front & Center: Appraiser Ruby Stroschein keeps tabs on farms and forestry

Written by Michael Guilfoil, this article was first published in the Spokesman-Review on September 11, 2016. Ruby Stroschein’s middle name is Miles – appropriate for a woman who logs nearly 20,000 of them each year. And whenever she sets out from her Moscow office, Stroschein is keenly aware of the minutiae beyond her windshield: what straw…

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The importance of good data

Ruby Stroschein appreciates good data. After 30 years running an appraisal business in Moscow, she knows that the details make all the difference when it comes to setting a value on a piece of property. Stroschein said she also knows how poorly the available tools meet the needs of the industry, particularly for rural markets….

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Pumped beyond limits, many U.S. aquifers in decline

NATIONWIDE ANALYSIS SHOWS DEPLETION OF GROUNDWATER WIDESPREAD AND WORSENING Story by Ian James and Steve Reilly | Photos and video by Steve Elfers. Reposted from USA Today. SUBLETTE, Kansas – Just before 3 a.m., Jay Garetson’s phone buzzed on the bedside table. He picked it up and read the text: “Low Pressure Alert.” He felt a…

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Farmland Values and Cash Rents: Declining Profits Point to Further Reductions

Originally posted on October 12, 2015 by brentgloy As we discussed in these May posts (1, 2) most indications are that prices for U.S. row crop farmland are now softening, bringing an end to a tremendous run of increases for farmland values. We thought it would be useful to take a look at how far farmland values have come…