Fall is selling season for the farmland market, or buying season depending on your perspective. We’ve often noted that 75% of public land auctions occur during the second half of the year, with volume increasing each month into early December. This year may be an anomaly, given the high volume that sold during the first half of the year; however, volume this fall is still considerable
This year marked the third drought impacted growing season in a row for much of the Western Corn Belt. This year’s drought was more severe than last year for much of Iowa as well as Nebraska and South Dakota. Minnesota and North Dakota improved compared to last year and the Eastern Corn Belt had generally favorable weather. When the drought started in 2020, it was considered a “flash drought” because of how it rapidly went from typical May & June weather to extreme hot and dry in July and August. We were not expecting the dry pattern to stick around this long.
It seems like everything costs a lot more right now. Inflation has dramatically increased the cost of your everyday needs and unfortunately, crop inputs have also increased. To say that farm input prices are tied to inflation would be difficult to prove. Correlation is not causation in this case. Whenever the farm economy experiences an increase in profitability, input prices are usually not far behind, trying to capture their slice of the proverbial pie.
We congratulate Luke Pearson on attaining his Accredited Farm Manager (AFM) designation through the American Society of Farm Managers & Rural Appraisers (ASFMRA). Luke received his AFM certificate at the Accreditation Ceremony at the ASFMRA annual meeting in San Antonio on November 9. This brings Stalcup’s staff back up to fully accredited, with Kent Smith, Nathan Deters, Chad Husman, Grant Aschinger, and Dan Niemeier all holding AFM’s. Travis Nissen holds the Accredited Rural Appraiser (ARA) designation, and Dennis Reyman holds both designations
