{"id":393,"date":"2012-03-15T16:44:39","date_gmt":"2012-03-15T16:44:39","guid":{"rendered":"http:\/\/riverbankfinance.com\/blog\/?p=393"},"modified":"2019-11-20T10:08:30","modified_gmt":"2019-11-20T15:08:30","slug":"farmland-value-sky-rocketing","status":"publish","type":"post","link":"https:\/\/riverbankfinance.com\/blog\/farmland-value-sky-rocketing\/","title":{"rendered":"Farmland Value Sky Rocketing"},"content":{"rendered":"\n<script>\n<!--\t\t\t\t\t\t\t\nvar message = \"** Program  Temporarily Discontinued **\";\ndocument.write('<span style=\"color:red;font-size:14;font-weight:bold;\">' + message + '<\/span>');\n\/\/ -->\n<\/script>\n\n\n<p><a href=\"https:\/\/riverbankfinance.com\/blog\/wp-content\/uploads\/2012\/03\/Farmland-Values.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-394\" src=\"https:\/\/riverbankfinance.com\/blog\/wp-content\/uploads\/2012\/03\/Farmland-Values-300x300.jpg\" alt=\"High Farm Values\" width=\"300\" height=\"300\" srcset=\"https:\/\/riverbankfinance.com\/blog\/wp-content\/uploads\/2012\/03\/Farmland-Values-300x300.jpg 300w, https:\/\/riverbankfinance.com\/blog\/wp-content\/uploads\/2012\/03\/Farmland-Values-150x150.jpg 150w, https:\/\/riverbankfinance.com\/blog\/wp-content\/uploads\/2012\/03\/Farmland-Values.jpg 500w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>What has been considered the <strong>\u201cBack Bone of America,\u201d<\/strong> ever since the <strong>United States<\/strong> was founded?\u00a0 That would be agriculture.\u00a0 Sure we had a big industrial boom and have created some amazing products over the years but there is one thing that has remained.\u00a0 That would be the farms and the people behind them bringing us fresh produce day-in and day-out.\u00a0 There is some great news for those farmland owners as the <strong>value of land<\/strong> has been <strong>sky rocketing<\/strong> not just here in <strong>Michigan<\/strong>, but across multiple states throughout region.<\/p>\n<p>One example of expanding farm values are two major sales that took place in Iowa.\u00a0 At first, there was a record breaking deal that brought the seller <strong>$16,000 per acre<\/strong>.\u00a0 Shortly after that deal was finalized, a sale of <strong>$20,000 per acre<\/strong> was made, two astonishing amounts that haven\u2019t previously been matched.<\/p>\n<p>The <strong>Federal Reserve Bank of Chicago<\/strong> reported an overall increase of <strong>25%<\/strong> in farmland value for states located within the local region.\u00a0 The states surveyed involve <strong>Illinois (+23%)<\/strong>, <strong>Indiana (+29%)<\/strong>, <strong>Iowa (+31%)<\/strong>, <strong>Michigan (+16%)<\/strong>, and <strong>Wisconsin (+17%)<\/strong>.\u00a0 These are the highest increases in farmland value since the<strong> late 1970\u2019s<\/strong>.\u00a0 Other states seem to be experiencing staggering numbers as well.\u00a0 The <strong>University of Nebraska<\/strong> reported that over the past five years, values have risen <strong>83 percent<\/strong>.<\/p>\n<p>Multiple factors account for rising farmland value such as <strong>high commodity prices<\/strong>, <strong>population increases<\/strong>, <strong>increased farm income<\/strong> and even <strong>low interest rates<\/strong>.\u00a0 One downside that seems to be coming along with these prices is that people looking to begin their own farm are facing higher prices than ever before.\u00a0 Causing some banks to shy away from backing <strong>new farmers<\/strong>.\u00a0 That\u2019s where <em><strong>Riverbank Finance<\/strong><\/em> comes in for the rescue!\u00a0 At least for <strong>Michigan<\/strong> farmers that is.\u00a0 We can help you out with <strong><a title=\"Michigan Farm Loans\" href=\"http:\/\/riverbankfinance.com\/mortgage-programs\/michigan-farm-loans.html\" target=\"_blank\" rel=\"noopener noreferrer\">Michigan Farm Loans<\/a><\/strong>.\u00a0 All you need to do is take the fist step by calling a <strong>certified loan-officer<\/strong> at <strong>1-800-555-2098<\/strong>.<\/p>\n<h2>Want to expand or begin a farm?<\/h2>\n\n<div class=\"wpcf7 no-js\" id=\"wpcf7-f185-o1\" lang=\"en-US\" dir=\"ltr\" data-wpcf7-id=\"185\">\n<div class=\"screen-reader-response\"><p role=\"status\" aria-live=\"polite\" aria-atomic=\"true\"><\/p> <ul><\/ul><\/div>\n<form action=\"\/blog\/wp-json\/wp\/v2\/posts\/393#wpcf7-f185-o1\" method=\"post\" class=\"wpcf7-form init\" aria-label=\"Contact form\" novalidate=\"novalidate\" data-status=\"init\">\n<fieldset class=\"hidden-fields-container\"><input type=\"hidden\" name=\"_wpcf7\" value=\"185\" \/><input type=\"hidden\" name=\"_wpcf7_version\" value=\"6.1.5\" \/><input type=\"hidden\" name=\"_wpcf7_locale\" value=\"en_US\" \/><input type=\"hidden\" name=\"_wpcf7_unit_tag\" value=\"wpcf7-f185-o1\" \/><input type=\"hidden\" name=\"_wpcf7_container_post\" value=\"0\" \/><input type=\"hidden\" name=\"_wpcf7_posted_data_hash\" value=\"\" \/><input 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maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text referer-page\" aria-invalid=\"false\" value=\"\" type=\"text\" name=\"referer-page\" \/><\/span><br \/>\n\t\n\t<\/p>\n\t<p><input class=\"wpcf7-form-control wpcf7-submit has-spinner submit\" type=\"submit\" value=\"Submit Now!\" \/>\n\t<\/p>\n<\/div>\n<div style=\"text-align: justify; color:#666666;font-size: small;\">\n\t<p>By clicking \"Submit Now!\", you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from Riverbank Finance LLC about your inquiry and other home-related matters, but not as a condition of any purchase; this applies regardless of whether you check, or leave un-checked, any box above. You also agree to our Privacy Policy and Terms of Use regarding the information relating to you. Msg\/data rates may apply. This consent applies even if you are on a corporate, state or national Do Not Call list. This no obligation inquiry does not constitute a mortgage application. To apply now or get immediate assistance, call us at 1-800-555-2098.\n\t<\/p>\n<\/div><p style=\"display: none !important;\" class=\"akismet-fields-container\" data-prefix=\"_wpcf7_ak_\"><label>&#916;<textarea name=\"_wpcf7_ak_hp_textarea\" cols=\"45\" rows=\"8\" maxlength=\"100\"><\/textarea><\/label><input type=\"hidden\" id=\"ak_js_1\" name=\"_wpcf7_ak_js\" value=\"151\"\/><script>document.getElementById( \"ak_js_1\" ).setAttribute( \"value\", ( new Date() ).getTime() );<\/script><\/p><div class=\"wpcf7-response-output\" aria-hidden=\"true\"><\/div>\n<\/form>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>What has been considered the \u201cBack Bone of America,\u201d ever since the United States was founded?\u00a0 That would be agriculture.\u00a0 Sure we had a big industrial boom and have created some amazing products over the years but there is one thing that has remained.\u00a0 That would be the farms and the people behind them bringing<a class=\"excerpt-read-more\" href=\"https:\/\/riverbankfinance.com\/blog\/farmland-value-sky-rocketing\/\" title=\"ReadFarmland Value Sky Rocketing\">&#8230; Read more &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,309],"tags":[210,209,213,207,208,212,211],"class_list":["post-393","post","type-post","status-publish","format-standard","hentry","category-local-michigan","category-michigan-land-loans-2","tag-farm-value","tag-farmland-value","tag-michigan-farm-loan","tag-michigan-farmland","tag-michigan-land-loan","tag-mid-west-farmland","tag-value-per-acre"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/riverbankfinance.com\/blog\/wp-json\/wp\/v2\/posts\/393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riverbankfinance.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riverbankfinance.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riverbankfinance.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/riverbankfinance.com\/blog\/wp-json\/wp\/v2\/comments?post=393"}],"version-history":[{"count":5,"href":"https:\/\/riverbankfinance.com\/blog\/wp-json\/wp\/v2\/posts\/393\/revisions"}],"predecessor-version":[{"id":3986,"href":"https:\/\/riverbankfinance.com\/blog\/wp-json\/wp\/v2\/posts\/393\/revisions\/3986"}],"wp:attachment":[{"href":"https:\/\/riverbankfinance.com\/blog\/wp-json\/wp\/v2\/media?parent=393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riverbankfinance.com\/blog\/wp-json\/wp\/v2\/categories?post=393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riverbankfinance.com\/blog\/wp-json\/wp\/v2\/tags?post=393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}