Catch Mark Gannon on the radio for an interview with KWMT Radio Station! Link bekow:
Gannon Real Estate & Consulting lists farms for Iowa landowners and helps buyers find farm land for sale. Agriculture expertise includes IRA real estate purchases and 1031 exchange programs as well as land brokerage & appraisals.
We offer a variety of services in Iowa, including:
Our dedication is to the best attention to detail for our clients and the land we represent in sales and management. At GREC you get individual attention from Mark Gannon who has over 30 years experience in all aspects of farm real estate. Some examples are the founding of Farmland Stewardship Solutions, US Farm Records and 2004 Iowa Supreme Court Unanimous Decision related to the Powers farm controversy with ISU and the Iowa Board of Regents.
The spring has seen the best market for cropland we have ever seen. A combination of low inventory, farm commodity prices on the rise, low interest rates, government payments, 1031 exchanges and farmer’s equity has produced some land bringing 25% more than in 2020 with most buyers farmers but investors are in the market also. How long will it last? No one knows. Will this bring out more for sale? Maybe but probably not to a great extent. The fact is it is good now and that is all we can work with.
Due to some of the same commodity prices increases, low interest and government payments that were part of the land price discussion we will see higher cash rents in 2022. Many of our clients will benefit in 2021 since we have a lot of flexible cash rent leases. This scenario is the reason we believe in these leases and would like to help more owners get on an accountable leasing plan. The owners that negotiated leases in August 2020 have seen the farm world change since then in a positive way but they will be a year behind. Straight cash rents never get it correct but the easiest to do.
Farm Fertility This should be the year to get the fertilizer inequities on a better path due to the higher predicted incomes. No excuses now for poor fertilization but I doubt much changes with many landowners cash renting their land and not getting good information. We would like to get your land be as good as possible, your operator profitable and your rent where it belongs.
Remembering the Past
We here at Gannon Real Estate also value the rich history of the family farmer – please enjoy this video we put together.
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