Throughout 2015 and in early 2016 the (great real estate) Pundits said the farm land markets was going to implode...and we were going to see 25 to 40% declines in farm land values.
I even wrote an article two years ago stating that if corn stayed under $4.00 for an extended period of time...we could see large swings in land values.
Hasn't happened. At least not in Nebraska. I will not go into a lot of detail because, quite frankly, the attached link does a great job of explaining what is happening and why.
Land prices have stepped back about 4%...but that is minimal compared to some of the recent yearly gains.
Many factors will keep us from stepping all the way back to the crash of the '80's and they are explained in the article.
Corn and beans have rebounded this spring and hopefully will continue to climb to a level that is profitable for the farmers.
I am not saying you need to agree with this article...but take a look at it. Until next time...
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