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David Sparks Ph.d 2-14 NWR Farmland Values
by David Sparks Ph.d, click here for bio

Program: Northwest Report
Date: February 14, 2017

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This is your Northwest report for Tuesday, February 14 I'm David Sparks and several factors will come into play in 2017 that will determine the direction of land values. Randy Dickhut,senior vice-president of real estate operations for Farmers National Company, said that in the past three years, agricultural landowners in many regions across the country have seen a decline in profits, which also pushed land values lower. But as for the Northwest, "Idaho, Oregon and Washington, our local farm manager based in Idaho with vast experience as an appraiser so he works in land values all the time is calling that market pretty steady. Same thing for Washington Columbia River basin land with a little bit of different supply and demand going on, different commodities that they produce, especially in the Columbia River Valley, different investor interest has supported land values demand and what's on the market for sale was very low so that low supply and demand keeps that price. That’s good to hear. Yes. So farmland values follow net farm income. Yes. The USDA just came out with a projection for 2017 that net farm income will be down another 9%.

Elsewhere, my northwest.com is reporting that for the first time in a while, we’re hearing about refugees trying to leave the United States, instead of entering. People from Mexico are heading back to their country of origin and refugees are fleeing to the Canadian border.

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