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*Masters Preview (Who ya got!?)

*FCC Confidential (All things golf at Fargo CC with Dave and Andy)

*Grass League and the Grass Clippings Open (Dave and Andy are signed up and ready to tee it in the Grass Clippings Open qualifier Wednesday, April 30th in Tempe!)

 

Land Market Insights: Navigating Today’s Agricultural Landscape

Kevin Pifer America's Land Auctioneer - Pifer's Auction, Realty and Land Management

The agricultural land market is defying conventional wisdom. Despite economic headwinds and rising interest rates, farmland values are reaching unprecedented levels across the Midwest, with premium soils commanding exceptional prices at recent auctions.

A Clay County farm recently sold near $9,000 per acre while Lamoure County land exceeded $7,000 per crop acre - both representing some of the strongest results ever seen in their respective markets. What's driving these remarkable numbers? The answer lies primarily in soil quality. Properties featuring loam-based soils continue attracting intense competition from both neighboring farmers and outside investors who recognize the long-term productivity such land offers.

Tax planning has become increasingly critical for landowners contemplating a sale. Many current sellers purchased their land decades ago for a fraction of today's values, creating potential tax liabilities that require careful consideration. Proactive strategies like 1031 tax-deferred exchanges can help manage these implications effectively. Without proper planning, tax obligations can substantially reduce net proceeds from even the most successful auction.

On the rental front, rates have generally maintained stability across the Northern Plains despite some downward pressure from current commodity prices. The pastureland rental market has been particularly strong, supported by healthy cattle prices and continued demand for quality grazing opportunities. This rental stability further reinforces investor confidence in farmland as a reliable income-producing asset.

Looking ahead to spring, an impressive lineup of equipment auctions features several notable retirement sales with exceptionally well-maintained machinery. These sales present valuable opportunities for producers looking to upgrade their operations without the premium costs of new equipment.

Despite various challenges facing agriculture today, professionals remain cautiously optimistic about both land values and farming opportunities. Their advice: stay focused on operational excellence and long-term planning rather than becoming distracted by short-term market volatility or political noise. Those who approach the market with patience, prudence, and a commitment to quality management will likely continue to see farmland demonstrate its enduring value.

 

The Hockey Guys: Staying on our toes

The Hockey Guys

Today's guest is Pat Ferschweiler!

The Hockey Guys can be heard each Saturday morning starting at 9:00 a.m. on AM 970 and 93.1 FM WDAY Radio, and AM 1090 and FM 92.7 The Flag in Tioga!