Land price movement has been in the forefront for farmers, landowners, lenders and land brokers for a decade now during this historic run-up in land values. Overall average values of crop ground and grasslands have slipped from the highs of several years ago, but are still historically strong, according to Farmers National Company, the nation’s leading farm and ranch real estate company.
But where are land values heading?
“The agricultural land market is in a time of equilibrium as the supply of land for sale is fairly in balance with the demand to buy land,” said Randy Dickhut, senior vice president of real estate operations for Farmers National Company. “The supply of ag land for sale is generally on the low side of normal as some landowners are deciding whether to sell now or keep their land. Demand to buy land has trended lower over the past few years as buyers are being more cautious.”
Source: www.alberscommunications.com