News

Strong farm profitability and ripples in the supply chain have supported a robust used equipment market in recent years. But with significant improvement in the supply of new equipment and the projected decline in net farm income for 2024, following record highs in 2022, the market is now in a state of transition.

Drought conditions have improved across the upper Midwest as farmers look to begin fieldwork. Recent moisture has helped, but some areas across the Midwest continue to lag behind. 

The April WASDE report didn’t bring any fireworks to the market, as anticipated. One surprise found in the report helped the corn market while soybeans continues to be a roller coaster. 

There are a lot of factors to consider before a farmer or rancher makes a land purchase. We sat down with Market Vice President Keven Berdan to help answer the question, “Is now a good time to buy farmland?”

The Collaboration between AgCountry Farm Credit Services, Farm Credit Services of America, and Frontier Farm Credit is official and effective April 15, 2024.