Lessons From the Delta continues — but this time, the focus shifts from fields to finance. In Episode 2 of the Purdue Commercial AgCast mini-series, Chad Fiechter and Todd Kuethe sit down with Aaron Shew of Acres to explore how farmland is valued, how capital moves through the Delta, and why agricultural land markets are more complex than most producers realize. Unlike residential real estate, there is no “Zestimate” for farmland. In many counties, fewer than 10 land transactions occur each year — yet prices can shift 5–10% annually. That creates real challenges for lenders, brokers, investors, and farmers trying to make long-term capital decisions. The conversation also discusses: • Why agricultural land data is fragmented and difficult to combine • How lenders and investment firms evaluate farmland purchases • The role of mortgage data and transaction history • What rice farmers are actually paid for — and why it’s different from corn and soybeans • How milling yield introduces another layer of risk As the Delta’s irrigation-dependent system shows, land values, water access, and milling economics stack together to create a very different capital structure than what most Midwest producers experience. While the crops may differ, the business questions are familiar: How do you value long-term assets in volatile markets? How does capital flow shape farm strategy? And how does payment structure influence risk? This episode builds on Part 1 and sets up upcoming conversations on irrigation automation and capital investment decisions in the Delta. We’ll also be sharing additional video clips and behind-the-scenes content from the trip on our YouTube channel throughout the series. Subscribe to the Purdue Commercial AgCast so you don’t miss upcoming episodes in the Lessons From the Delta series. For more farm management resources, visit: 👉 https://purdue.ag/commercialag Subscribe to the podcast: 👉 https://purdue.ag/agcast Follow us: X: https://twitter.com/PUCommercialAg Facebook: https://www.facebook.com/PUCommercialAg LinkedIn: https://www.linkedin.com/company/center-for-commercial-agriculture