OMAHA, Neb. — Buyers are actively pushing land prices in the Central and Southern Plains as sales prices in some areas are nearing the highs of the past.
“We are seeing land prices up 10 to 12 percent for good cropland in the area,” observed 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.
“There is now more demand for average to lower quality land than there has been for a number of years,” he said.
The current agricultural land market has more buyers than sellers. The inventory of farms for sale is presently at a low point for all land brokers as buyers have been aggressively purchasing what has been listed for sale.
“The prospect for higher commodity prices drives the demand for good cropland in the region. It is making farmers even more bullish to buy farmland,” Schadegg said.
Competitive bidding among potential buyers is delivering the best sales prices to sellers in most areas.
“If you want top dollar in my area, take it to auction and let people bid,” Schadegg said. “Also, buyers are being more aggressive bidding on traditional private treaty listings.”
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 as we field calls daily about them wanting to sell in the coming months,” he said. “Our agents are busy booking auctions and sales for later in the summer and on to the end of the year.”
— Farmers National Company
RECOMMENDED ARTICLES
OMAHA, Neb. — The stronger land prices of late 2021 continued higher through the first half of 2022. After a calm period at the start of the year in which the land market remained steady, sales prices took another jump up as a result of the outbreak of war in Ukraine and ongoing inflation fears. […]
OMAHA, Neb. — It’s been exciting times in the agricultural land market with more farms being placed on the market and new buyers coming in. “What started as a gradual strengthening of sales prices last fall escalated into aggressive bidding the past five months to generate new highs in prices paid for farmland in many areas. Prices […]
ANKENY, Iowa — Interest in purchasing agricultural land has grown since a coronavirus pandemic-induced slowdown blanketed the land market last spring. Farmers are feeling more financially secure as very strong commodity prices arrived on top of large government payments in 2020. This is propelling farmers to bid more aggressively for additional land than has been the […]
OMAHA, Neb. — Buyers are actively pushing land prices in the Northern Plains as sales prices in some areas are nearing highs of the past. “We are seeing land prices up 10 to 15 percent for good cropland in the area,” observed Brian Mohr, area sales manager for Farmers National Company. Prices for ranchland and […]
