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"Farmers and ranchers are actively pushing land prices in the central and southern plains as sales prices in some areas are nearing the highs of the past. Land prices are up 10-12% for good cropland in areas," observes Paul Schadegg, area sales manager for Farmers National Company.
Prices for dryland farms in the western plains are strengthening too after a longer period of low demand. Schadegg says there is now more demand for average to lower quality land than there has been for a number of years.
"At this time, there are more buyers than sellers. The number of farms for sale is presently at a low-point across the area as most good cropland for sale has been purchased. Higher grain prices help drive the demand for good cropland in the region. Farmers are more bullish to buy farmland than in the past several years," says Schadegg.
"If you want top dollar in my area, take it to auction and let people bid," advises Schadegg.
The expectation is for more
farms and ranches to come up for sale as the year moves along due to the higher
prices received and potential changes in tax policy. "We have already seen
increased interest by some landowners wanting to sell in the coming months,"
says Schadegg. Our agents are busy
working with booking sales in the months ahead.
Senior Vice President - Real Estate Operations
|Category: Agricultural Real Estate News|