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U.S. farmland prices may drop due to headwinds including rising interest rates and new tariffs.
The prices for farm land have been steady after peaking at all-time highs in recent years when farmers benefitted from high crop prices and low interest rates. Even after crop prices have dropped in past years, land prices have held firm nationally because the capitalization rate (the ratio of net operating income to asset value) has remained attractive for buyers.
While Iowa-based Peoples Company offers land management, appraisals, land investments, brokerage and auction services, the foundation of everything is people.
Over the last half century, the Weiderts have created a powerhouse of a farm. Their next step? Find someone to take it to the next level.
According to a 2015 Iowa State University study, 56 percent of all Iowa farmland is owned by those 65 and older.
Though the numbers don’t exactly pop off the page, the implications are significant: With upwards of 85 percent of our foodstuffs sourced from within the United States, how—and by whom—will our future farms be run?