What’s the value of cropland in your state? Progressive Dairy provides its annual look at state cropland values, ranked by value per acre, as well as cropland rent per acre and annual rent as a percentage of average value.

Even though most of us don’t think of these foreign governments or investors as our “neighbors,” they are more prevalent than one might think.

The census showed about a 6% drop in the total number of cattle and calves from 2017 to 2022, to just under 88 million head. However, the total number of cattle sold increased from about $77.2 billion in 2017 to some $89.4 billion in 2022, a jump of almost 16%.

In the realm of capital and collateral, the appraised value of dairy real estate, including specialized facilities, takes on great importance.

When evaluating new loan requests or reviewing existing credit, various factors come into play, each holding significance. These factors are commonly referred to as the 5 C's of finance: character, capital, capacity, conditions and collateral. Meeting the standards set for these factors is essential for obtaining approval.

Farmland and buildings values in Idaho jumped over 10% in the last 12 months.

Dairies are a very "niche product,” according to Jonathan Verhoeven, realtor at Schuil & Associates Inc. in Visalia, California. The average time on the market is six months to a year, with some dairies taking even longer to be sold.

Many agricultural producers are challenged with rising costs of inputs and inflation. On top of that, many are trying to support multigenerational ownership. Due to this, many ag producers have found long-term sustainability requires diversification.