Eastern Iowa Farmer Spring 2021

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Land prices cultural professionals knowledgeable of land market conditions, such as appraisers, farm managers, agricultural lenders, and actual land sales. “The rebound in recent months is due to strong government payments, interest rate cuts, limited land supply and recent commodity price rallies,” Zhang said. “The land market faced downward pressure initially with the onset of the COVID-19 pandemic, which lowered food demand and resulted in declines in livestock and ethanol prices,” Zhang said. But the negative impact cited by respondents – COVID-19, weather uncertainty, political unrest and other factors – initially had on land value has been mitigated by other market forces, experts said. Prices for corn and soybeans began increasing in September and continued to rise. Respondents expect a slow-butsteady improvement in corn and soybean cash crop markets, the report Alan McNeil, Peoples Company said. Respondent predictions for the state average cash corn prices in November 2021 and November 2025 were $3.92 per bushel and $4.24 per bushel, respectively. For soybeans, they were $9.97 per bushel in November 2021 and $10.59 per bushel in November 2025. “If commodity prices go up, land is going to go up,” McNeil said, adding it’s a good place to put money. “It just feels like land is such a safe long-term investment,” McNeil said. “You’re never going to see these huge valleys and peaks in the market. That’s the good thing about land. It doesn’t die hard as an asset class.” n Iowa 2020 Land Values The Iowa State University Land Value Survey is conducted in November by the ISU Center for Agricultural and Rural Development (CARD) and the ISU Extension and Outreach. Results from the statewide survey are consistent with results by the Federal Reserve Bank of Chicago, the Realtors Land Institute, and the U.S. Department of Agriculture. The 2020 results, released in December, reflect the change in the value of an acre of farmland since 2019. The figures represent an average of low-, medium-, and high-quality farmland. Below are the results from Eastern Iowa counties: 0.7% Cedar County: $8,737/acre 0.9% dubuque County: $7,678/acre 3.8% Jones County: $7,802/acre 3.9% Clinton County: $7,758/acre 4.9% Jackson County: $7,056/acre 1.7% state average: $7,559/acre our strong team will keep your herd healthy Yeah, we have fun... but we are serious about your animals and your success! Whether they are your livelihood or your best friend, animals are our business. We specialize in beef and dairy herd health, consultation and surgery. Dr. chris rock Dr. Luke ThoLe Dr. Joe JeDLicka Dr. Tom Lapke And, we take it seriously! Rolling Hills VeteRinaRy seRVice cascaDe: 1103 1st Ave E. • 563-852-3237 LamoTTe: 113 S. Main St. • 563-773-2771 100 Eastern Iowa Farmer | Spring 2021 eifarmer.com
Ohnward Farm Management team Greg Bopes, Paige Somerville and Dean Engel. Ohnward Farm Management: Supporting family farms from generation to generation. Constant Communication Executed with detailed reports, personal phone calls, and regular visits with clients and on the farm. professional accounting Including monthly and annual financial statements, along with income and expense summaries. Hourly Consulting Secure the idea of a professional for short-term decision making or special management problems. Collaboration Operator collaboration between farm manager, farm owner, and farm is key in successful management of your farm. Customer satisfaction Significant customer satisfaction is our priority. We want every client to be proud of the fact that their investment is being taken care of and improved constantly. Farm visits Farm visits are a priority for our farm managers. personalized Farm management program When we assume management of your farm, a complete inventory is made to identify the specific objectives you have for the farm. This provides the background information for future management recommendations and decisions. GreG Bopes AFM, CCA-IA gbopes@ohnward.com Dean enGel dengel@ohnward.com paiGe somerville psomerville@ohnward.com 563-652-2491 • 866-320-6327 (toll-free)
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The Eastern Iowa Spring 2021 Farmer
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TODD HUSMANN Channel Seedsman Cente
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Today, Tomorrow, Forever Joining th
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McCaulley Ag Service Tyler Shannon
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Chores: The building blocks of char
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Supporting local is who we are When
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grain bin safety Eastern Iowa Farme
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Maquoketa Agency Offce: 563-652-568
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ASSISTED LIVING • SKILLED REHABIL
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gate to plate “We’d take bones
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117 S. 2nd St. Maquoketa 563-652-65
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Page 62 and 63: mother nature Rebuild and Restart L
Page 64 and 65: mother nature In that phone call Le
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Page 74 and 75: mother nature “I talked about how
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Page 88 and 89: FARMERS AT HEART ® DOING WHAT’S
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Page 102 and 103: By KRIS KOTH Clinton County Executi
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Page 121 and 122: 1. Molly Matthiesen and Meghan Klem
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Eastern Iowa Farmer Spring 2021

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