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Agriculture
00000179-cdc6-d978-adfd-cfc6d7ca0000Harvest Public Media is a reporting collaboration focused on issues of food, fuel and field. Based at KCUR in Kansas City, Missouri, Harvest covers agriculture-related topics through a network of reporters and partner stations throughout the Midwest.Like Harvest Public Media on Facebook or follow them on Twitter @HarvestPM.

Farmland Values Continue To Slide

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Amy Mayer
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Harvest Public Media
Cropland in the Midwest has been losing value for three straight years.

Cropland in the Midwest is losing its value as the downturn in the agriculture economy continues.

Record-high crop prices contributed to record-high land values in 2012 and 2013. But now, that party is over.

Iowa State University economist Wendong Zhang says across the Corn Belt, and into the Great Plains, farmers are now suffering from oversupply, despite strong demand.

"Because we had this really high profits, everyone is trying to increase productions," Zhang says.

The result has been a drop in commodity prices, and a bust in the farmland bubble. But Zhang is optimistic most farmers have the capital to ride out the downturn.