Farmer, Investor Interest Buoys Farmland Prices

Farmland sales are netting prices on average about four to eight percent higher than a year ago as farmers and investors alike seek the security and stability of the land market compared to other investment opportunities as grain prices continue to move higher. And it’s not just high-grade farmland in the Corn Belt; recreational, timber and ranch land in places like Texas and non-irrigated cropland in western Kansas, for example, are also seeing prices “not seen for almost a decade.” The buying interest likely means a generally tight marketplace through 2021, with a smaller supply of land on the market. See more of the latest land outlook.