Real Estate

The U.S. Department of Agriculture announced an additional $250 million in automatic payments for distressed direct and guaranteed farm loan borrowers under Section 22006 of the Inflation Reduction Act.

A shortage of food and energy should be coming sooner than later. I fully expect the final quarter of this year and into late 2025 to be a period marked by rising prices for those two basic markets.

Two major farmland auctions recently attracted capacity crowds, with bidders coming from as far away as Florida and Tennessee. Schrader Real Estate and Auction Company marketed both farms and conducted the live auctions.

At Hageman Realty, faith, family and farmland are the heart of the business. Sara Hageman Schenck is the owner of the company. Her family worked to acquire and improve farmland by creating drainage systems, improving soil fertility and implementing new agronomic practices.