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Quality is King for U.S. Farmland Buyers Keeping Prices Near Their Peaks


Thu, Jun 3rd, 2010
Posted in Agriculture

Despite the uncertain mood still present in many economic sectors, the U.S. farmland market remains steady to strong thanks to continued investor interest in high quality land. In recent months, the demand for high quality farmland has increased, which has driven up prices for top quality properties.

"Land is still a good investment for buyers, but they want the high quality properties that hold value," said Lee Vermeer AFM, ALC, vice president of real estate operations at Farmers National Company. "We are seeing values on the top quality ground at or even above the peaks we saw in 2008. In some cases, it's beyond that point, above the $7,000 per acre mark. The market for these properties is strong and, based on economic indicators, we project that to continue."

Vermeer added that the desire for high quality investments continues to push buyers away from the less productive land. Properties that are only partially tillable or have nonproductive soils are moving slowly and more time is needed to complete sales.

"Fewer landowners are willing to sell their property today leading to fewer listings," according to Vermeer. "Fewer farms or ranches for sale, along with strong buyer interest, have helped to fuel the recent strength in the market."

Iowa and Minnesota

A huge divergence in prices exists in the Iowa and Minnesota area. According to Sam Kain ALC, GRI, ABRM, area sales manager for Farmers National Company in Iowa and Minnesota, high quality land is bringing up to $7,000 an acre or more in Iowa and nearing $6,000 in Minnesota, while lower quality parcels are drawing minimal interest and coming in at much lower prices.

"Buyers are willing to pay top dollar for quality land," said Kain. "However, there seems to be little interest in lower quality and recreational properties."

Kain added that average land is moving, as long as the price is right. However, he said bidding wars are a thing of the past for these types of properties. High quality land, on the other hand, is drawing interest from more aggressive investor and farmer buyers; but Kain said "One of the problems we have right now is that there is not a lot of land for sale of any quality."

For more information on land listings in your region, visit the Farmers National Company website at www.FarmersNational.com

Farmers National Company, an employee-owned company, is the nation's leading agricultural real estate and farm and ranch managemen .....
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Sign up for a new Conservation Stewardship Program

Wed, Jun 2nd, 2010
Posted in Agriculture

The U.S. Department of Agriculture's Natural Resources Conservation Service (NRCS) has announced a sign-up for the 2010 Conservation Stewardship Program (CSP) with the sign-up/ranking period to end June 11, 2010 in Minnesota.

The Conservati ..... 
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June is dairy month; be sure to thank a dairy farmer!

Tue, Jun 1st, 2010
Posted in Agriculture

St. Paul (June 1, 2010) - June is a month to celebrate the dairy farming industry in Minnesota - dairy farmers supply us with milk, cheese, yogurt, ice cream, butter, and a rich variety of ingredients for our health.



"The dairy indus ..... 
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2010 crop test plots

Fri, May 28th, 2010
Posted in Agriculture

The newest, and what I consider a very interesting test plot, is a Nitrogen Credit study when a field is in an Alfalfa-Corn rotation. This plot will look deeper at the question of nitrogen credits following alfalfa. It is looking at fall versus spri ..... 
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Beef Princess for 2010

Fri, May 28th, 2010
Posted in Agriculture

The Fillmore County Cattlemen are seeking candidates for the 2010 Beef Princess. The Beef princess will represent the beef industry at various events during 2010. A candidate must be 17 years old by December 31, 2010 and not yet 20 years old by Dece ..... 
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Local fourth graders participate in Farm Safety Day

Fri, May 21st, 2010
Posted in Agriculture

Fourth graders from across Fillmore and Houston counties, 393 to be exact, have expanded their safety knowledge after their participation at Farm Safety Day Camp. On Tuesday, May 18, students from 12 schools enthusiastically descended upon the Mabel ..... 
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Local fourth graders participate in Farm Safety Day

Fri, May 21st, 2010
Posted in Agriculture

Fourth graders from across Fillmore and Houston counties, 393 to be exact, have expanded their safety knowledge after their participation at Farm Safety Day Camp. On Tuesday, May 18, students from 12 schools enthusiastically descended upon the Mabel ..... 
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Brown wins Simmental Honors at the Minnesota Junior Spring Classic

Fri, May 21st, 2010
Posted in Agriculture

Cattle enthusiasts gathered together at the 3rd Annual Minnesota Junior Spring Classic (MJSC) cattle show held at the Mower County Fairgrounds, April 17-18. Todd Caldwell, Elmwood, Ill., evaluated the 258 head of cattle and Joshua Brown, Peterson, M ..... 
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Fourth grade Farm Safety Day

Fri, May 21st, 2010
Posted in Agriculture

To quote and old TV show, "I love it when a plan comes together!"

It just keeps getting better! I might be talking about the beautiful weather we had last Tuesday during the fourth grade Farm Safety Day Camp at the Mabel Steam Engine Grounds ..... 
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