The information below has been supplied by dairy marketers and other industry organizations. It has not been edited, verified or endorsed by Hoard’s Dairyman.
Farm real estate markets in the Tenth District remained relatively stable in the fourth quarter of 2017. The stability in farmland values was due, in part, to fewer sales, and a majority of bankers expect values to remain steady in 2018. Farm income in the fourth quarter continued to decline, and credit conditions remained weak, but the pace of deterioration has continued to slow. The relative strength of farmland values has provided support for farm finances despite the ongoing pressure of low agricultural commodity prices on farm income.
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