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Area Updates
Please see below for details regarding conditions
throughout our service area
Northeast Iowa Robert
Regenwether, AFM, reports: Conditions have been near ideal for
crop development in northeast Iowa with
abundant moisture and above normal temperatures. We have a lot of corn that
will be pollinating just after the 4th of July about two to thre weeks ahead
of normal. Soybeans have also begun to grow quickly. While we had some
spraying delays in June due to frequent rains, most folks are now getting caught
up.
Listing volume of farms is down
significantly from the past few years due perhapss to the lack of good
alternative investments. What farms have been hitting the market have
generally been selling well with sales in the $5,000 to $7,000 per acre range
being common. We continue to see more
buyers, both local and investors, than sellers.
For additional information, please contact Robert
Regenwether, AFM, at (319) 833-7088 or RRegenwether@FarmersNational.com.
Northwest Iowa,
Southeast South Dakota, and Southwest Minnesota Paul
Sickler, AFM, reports: Growing conditions
have been nearly ideal in northwest Iowa so far this summer. Rainfall has
been abundant and the warm temperatures are really pushing along crop
development. Much of the corn will be pollinating prior to mid-July and that
is ahead of schedule. The soybeans are flowering and growth has been very
good. The frequent rains have caused
some delay in weed spraying, but the past week was certainly a nice week to
catch up!
The land market remains very strong,
especially for the high quality farms. There is very little land for sale,
probably due to the lack of good alternative investments, but this low supply
is holding the values up. What land does come on the market is selling for
$6,000 - $7,500 per acre. The number of willing buyers continues to be much
higher than the number of willing sellers.
For additional information, please contact Paul
Sickler, AFM, at (605) 582-2085 or PSickler@FarmersNational.com.
Central Nebraska Tim
Johnson, Farm Manager, reports: Over the last month
and half central Nebraska has received higher than average rainfall. There
has been some local flooding in low lying areas and around the creeks and
rivers. The crops have been mainly affected by nitrogen leaching through due
the high amount of rain. Overall, crop condition is very good with the
abudant moisture and ideal growing temperatures. Soybeans are in the blooming
stage and in most places the corn is 7-10 days from tasseling. Both the corn
and soybeans seem to be ahead of schedule thus far.
The land market has remained strong in
central Nebraska with high quality farms still bringing premium price of between
the $4,500-$5,500 per acre while the lower quality land has fallen off of its
high. We continue to see more buyers than sellers thus keeping the price of
land at the high level.
For additional information, please contact Tim
Johnson, Farm Manager, at (308) 382-9311 or Tim.Johnson@FarmersNational.com.
For information about your specific
area, please contact Jerry
Warner, Lee Vermeer,
or Jim Farrell toll
free at 1-800-346-2650.
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LAND AUCTION! SOLD!
$1,186,400
$5,596/Acre
Tract 1: $5,700/Acre Tract 2:
$5,300/Acre
Thursday, July 15 at 10 AM
Hampton State Bank in Hampton, Iowa
213± Acres Franklin County, Iowa
Two parcels, each with one wind
turbine income and crop acres.
For additional
information contact Gary
Anderson, agent (515) 827-6092 or click
here.
LAND AUCTION! SOLD! $6,025/Acre
Wednesday, July 21 at 10 AM
Treynor Community Center in
Treynor, Iowa
439± Acres Pottawattamie and Mills Counties, Iowa
For additional
information contact Pat
Hengen, agent (712) 545-9138 or click
here.
LAND AUCTION!
Thursday, August 5
at 7 PM
Best Western Hotel, 3232 N Summit
Street in Arkansas City, Kansas
158± Acres Cowley County, Kansas
Offers a high
percentage of timber and wooded areas, a small creek, and a great location
for a new home or weekend cabin. For additional information, contact Chris
Ostmeyer, Agent (316) 788-4240 or (785) 672-8672 or click
here.
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