Tuesday, October 1, 2024
"Yes, the Farmland Market is Shifting, But That Doesn’t Necessarily Mean Prices Are Falling"
Assistant Professor Rabail Chandio was quoted in the AgWeb article "Yes, the Farmland Market is Shifting, But That Doesn’t Necessarily Mean Prices Are Falling." The article examines factors that are impacting US farmland prices. Chandio said that "As we are coming out of the pandemic highs with high government payments no longer there, with high farm income no longer supporting the land value, the market began to soften in 2023. What we’ve already experienced is a whole year of softening and then maybe slight falling of land values in certain parts of the of the state as well."
Saturday, September 21, 2024
US Farm Report 09/21/2024
Assistant Professor Rabail Chandio and Associate Professor Bobby Martens were interviewed on the latest episode of Farm Journal's US Farm Report. When questioned about the logistics of the upcoming US crop harvest, Martens said "A big crop coming through. The whole logistics system--meaning the inventory piece of it and the transportation piece of it--is going to be full, it's going to be stressed. We expect to be able to manage it, but we'll be managing it in different ways, especially with the carryover that we have, we already have some storage being used." Asked if Iowa's land market is softening, Chandio said "Definitely. As we are coming out of the pandemic highs--with the high government payments no longer there, with the high farm incomes no longer supporting the land value--the market already began to soften in 2023. So we've already experienced a full year of softening and maybe slight falling of land values in certain parts of the state as well."
Monday, September 9, 2024
"Is the farm economy in a recession?"
Assistant Professor Rabail Chandio was quoted in the Marketplace article "Is the farm economy in a recession?" The article examines current farmer sentiment toward the farm economy. Chandio told Marketplace that she does not think the farm economy is in a recession. "This is routine for ag to go through cycles.[Record-high farm incomes from the past few years] will get us through this downward trend that we’re experiencing right now."
Also appears in:
- https://ct.moreover.com/?a=54753241210&p=7r6&v=1&x=25hfHYhUaUPD8zG2aR4LtQ
Monday, July 22, 2024
"After hitting record highs, farmland prices expected to drop in 2024"
Assistant Professor Rabail Chandio was recently interviewed by Iowa Public Radio. Chandio spoke with IPR for the article "After hitting record highs, farmland prices expected to drop in 2024." The article focuses on Iowa's farmland prices, which are expected to drop this year after rising for several years. Chandio said that high interest rates and commodity prices will drive land values down. “We expect crop prices to be slightly lower. We expect yields to be very high, but our demand is not there to accommodate all that great production that we’re expecting for this crop year,” she said.
Thursday, March 28, 2024
"SOLD! 230-acre Iowa century farm brings nearly $4 million at auction"
Assistant Professor Rabail Chandio was interviewed by Successful Farming for the article "SOLD! 230-acre Iowa century farm brings nearly $4 million at auction," which focuses on the sale of a Grundy County farm and the average cost of farmland in Iowa.Chandio told Successful Farming “I would say the land sale did not indicate any unusual demand and sold for pretty much a normal price for the region and reflects the current market assessment of the ag experts whose opinions are presented in the ISU Land Value Survey.”
Tuesday, February 27, 2024
"Northwest Iowa farmland sells for $29,600 per acre
Assistant Professor Rabail Chandio was interviewed by Successful Farming for the article "Northwest Iowa farmland sells for $29,600 per acre," which details the record-setting sale of Iowa farmland. Chandio told Successful Farming that the sale was likely a case of “a subset of farmers who have cash saved up from pandemic payments, or even before that, and their eye on a very specific tract.”
Monday, November 6, 2023
"Several factors go into farmland buying decisions"
Assistant Professor Rabail Chandio was interviewed by Ag Update for the article "Several factors go into farmland buying decisions," which examines the multitude of factors that should be considered when purchasing farmland. Chandio told Ag Update that, generally, cash rents and land values move in the same direction, and that survey results show the impact of higher interest. “Interest rate hikes were the most important factor farmers mentioned impacting the farmland market.”
Also appears in:
- https://agri-trends.com/business/several-factors-go-into-farmland-buying-decisions/