Land and Machinery Trends, Data, and Future Prospects
July 5, 2024
Beyond the Hood with Tractor Zoom, hosted by Andy Campbell - Episode 9
This conversation with Andy Campbell delves into the historical and current trends in land and machinery prices, emphasizing how both markets often move in tandem due to their capital-intensive nature.
I discuss the impact of various agricultural policies, such as the CRP and PIC programs of the 1980s, and reflect on how economic downturns influenced farming and land values. Our discussion highlights the volatility of the agricultural market, particularly during the COVID-19 pandemic, and how land prices surged unexpectedly. I also shed light on the importance of data transparency in making informed decisions about land and machinery investments. We conclude by offering some insights into the future of farmland values, the role of technology in agriculture, and advice for equipment dealers on maintaining strong relationships with farmers.
“That’s my story and I’m sticking to it!”
Jim “the Land Talker”
Jim Rothermich, MAI, ARA, ALC
Iowa Appraisal
theLandTalker@iowaappraisal.com ∣ X: @theLandTalker
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