Key Takeaways
- CoStar Group (NASDAQ: CSGP) has acquired Ag-Analytics, enhancing its Land.com Network platform with advanced agricultural land data.
- The acquisition integrates AcreValue®, a platform offering farmland, forestland, and recreational property analytics.
- Ag-Analytics’ partnership with Farmer Mac supports efficiency and transparency in the agricultural credit market.
- CoStar Group sees farmland as a $3.4 trillion asset class, highlighting opportunities for real estate investors and professionals.
- Ag-Analytics will continue its work under CoStar, expanding land data insights for brokers, lenders, and landowners.
CoStar Group Expands Into Agricultural Land Market With Ag-Analytics Acquisition
CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, data, and analytics, has acquired Ag-Analytics, a company specializing in agricultural land data. This acquisition strengthens CoStar’s Land.com Network, integrating AcreValue®, a platform that provides farmland, forestland, and recreational property insights.
By incorporating Ag-Analytics’ data capabilities, CoStar Group is expanding its real estate intelligence into the agricultural sector, offering detailed land reports, valuations, and geospatial insights to farmers, landowners, investors, and professionals.
AcreValue® Integration to Enhance Land.com Network
AcreValue® serves as a comprehensive platform for farmland and non-residential land analytics across the contiguous 48 U.S. states. It provides data-driven insights on land valuation, soil composition, historical records, and geospatial mapping for various stakeholders, including:
- Farm operators
- Non-operating landowners
- Real estate professionals such as brokers, appraisers, and bankers
- Institutional investors in agriculture and land development
The Land.com Network, CoStar’s marketplace for rural real estate transactions, will integrate AcreValue®’s data into property listings, offering deeper insights and improved transparency for buyers and sellers. With 1.5 million registered users on AcreValue® and data on millions of parcels, this collaboration enhances market accessibility and analysis.
Impact on Agricultural Financing
Ag-Analytics has an existing partnership with Farmer Mac, a major player in agricultural credit markets. The farm sector real estate debt totals $355 billion, and AcreValue® serves as a key channel for agricultural lending opportunities.
By leveraging digital financing solutions, CoStar Group aims to increase efficiency and transparency in land transactions, benefiting lenders and landowners seeking capital for agricultural investments.
Leadership Insights From CoStar Group & Ag-Analytics
Andy Florance, Founder and CEO of CoStar Group, emphasized the strategic importance of entering the agricultural land sector:
“The addition of Ag-Analytics services into the Land.com Network platform is yet another example of how CoStar Group blends best-in-class platforms and leading analytics to support real estate owners, brokers, operators, and professionals. We have identified a massive market potential, with farm sector real estate alone representing a $3.4 trillion asset class, creating a range of opportunities to maximize revenue and provide increased value for our clients. Together, we will set a new standard for data-driven decision-making in the land and real estate market.”
Joshua Woodard, Founder of Ag-Analytics, also expressed enthusiasm about the acquisition:
“We are excited to join CoStar and be part of its industry-leading real estate network. AcreValue® and Land.com Network bring strong synergies in land data and analytics, expanding our ability to provide valuable insights and innovative solutions to landowners and buyers.”
Looking Ahead
Founded in 2018 and headquartered in Ithaca, New York, Ag-Analytics has established itself as a leader in agricultural land data. Under CoStar’s ownership, it will continue to develop land intelligence tools, supporting real estate professionals, investors, and lenders in the agricultural sector.
This acquisition marks CoStar Group’s expansion into rural real estate, aligning with its broader strategy to enhance property market analytics and investment insights across diverse asset classes.
