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2017 farmland values stabilized in four FCSAmerica states
The latest farmland values report from Omaha-based Farm Credit Services of America (FCSAmerica) says land prices in the four states served by the ag lender stabilized in 2017.
FCSAmerica says that’s mainly because of continued good demand for higher quality land. Iowa and Wyoming saw modest overall increases last year, while Nebraska and South Dakota had modest declines. The report says overall values are off about 20 percent from their peak of three to four years ago.
The lender says continued low profit margins and potential for an increase in sales activity could put downward pressure on real estate values in 2018.
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