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Five-Year Decline in Farmland Sales Volume


FCSAmerica serves Iowa, Nebraska, South Dakota and Wyoming ... anecdotal information from surveys and real estate brokers point to fewer properties being offered for sale. That certainly makes sense. When prices begin to edge lower, landowners who might ...


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The number of farms sold in 2017 declined for the fifth year in a row, according to data from Farm Credit Services of America (FCSAmerica) and Frontier Farm CreditThe lenders report the number of sales in their service area declined by about 270, or 7.5%, compared to 2016FCSAmerica serves Iowa, Nebraska, South Dakota and WyomingFrontier Farm Credit serves eastern Kansas. The data, generated by the lenders’ appraisal teams, confirms recent surveys pointing to a continuing downturn in the number of farm properties on the market.  At 3,334 completed sales, 2017’s sales volume is the lowest since at least 2009—the extent of our historical dataThis year’s total is down  nearly 2,600 from the peak of 5,925 sales in 2012—a decline of 44%. Public land auctions in Iowa increased 2% from 2016, while activity in the other areas served decreased an average of 22% from a year ago, the lenders report. The number of “no sales” rose to 137 in 2017—a rather small increase from the 131 “no sales” reported the previous yearThis year’s total of “no sales” is the second lowest since 2012 when 130 were recorded; 2016’s 131 “no sales” is the lowest.   The data, generated by the lenders’ appraisal teams, confirms recent surveys pointing to a continuing downturn in the number of farm properties on the market.

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