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Pro Farmer Extra - From the Editors of Pro Farmer newsletter - A close look at a couple of trends in farmland values May 3, 2012 Professional Farmers of America also publishes LandOwner newsletter. LandOwner editor Mike Waslten was all over a couple of important storiesabout farmland values this week and agreed to let us bring you thehighlights from a couple of his blogs that appeared on Pro Farmer's website this week. Survey: Iowa Cash Rents Rise 18% in 2012 Now we have numbers to put on what everyone has been talking about -- the state average cash rent in the state of Iowa rose $38 anacre, 18%, in 2012, according to an annual survey conducted by IowaState University (ISU). The survey found the state average cashrent rose to $252 an acre. "This is the largest one-yearincrease since the statewide survey was started in 1994,"states Willaim Edwards, ISU extension economist, who directs theannual survey. The second-largest increase was recorded in 2011when the survey found a $30-per-acre increase. "Average rents were higher in all nine crop reportingdistricts, with increases ranging from $57 per acre in northcentral Iowa to $16 per acre in south central Iowa." statesEdwards. The $57-per-acre increase in the north central districtrepresents a 26% increase. The $16-per-acre increase in the southcentral district represents a 9% increase. High-quality land showed the largest increase in rents. Estimatedrents for land in the high-third of each county increased by anaverage of 20%. but estimated rents on low-third quality row-cropland increased by only 15%. "In many counties, respondentsindicated that typical rents were $400 to $500 per acre or more forthe higher quality land," Edwards observes. What's Behind that Puzzling 5% Decline in MN Farmland Values? The median value of Minnesota farmland fell 4.9% to $3,443 an acrein 2011, according to an analysis of agricultural sales transactionsreported to the state's Department of Revenue conducted byUniversity of Minnesota ag economist Steven Taff. The figure calculated represents the median value of actual landsold. But the number of sales of high priced southern Minnesotafarmland fell sharply in 2011, which resulted in depressing thestate median price. For example, only 87 transactions were reportedin the south west region for 2011, down from 266 transactions in2010 and the lowest since 1990 when 408 transactions will bereported. In the south central region, 155 transactions were reported in2011, down from 294 in 2010 and the lowest since 1990's 412. Samefor the south east region which reported only 127 transactions in2011, down from 198 in 2010 and 429 in 1990. For the state as awhole, only 1,115 acres were reported, down from 1,882 reported in2010 and the lowest since 1990's 3,158. In my mind, the news in this report is the confirmation of thesharp decline in the number of high-producing Minnesotacorn/soybean farms offered for sale in 2011. To see more of what Pro Farmer has to offer, be sure to visit . I am an expert from bairoe.cn, while we provides the quality product, such as Fatigue Testing Machine Manufacturer , Wire Testing Machine, Compression Testing Machine,and more.
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