The Minnesota Chapter of Realtors Land Institute is meeting Wednesday and Thursday in New Ulm. Terri Jensen of National Land Realty is one of the organizers of the event and says farmland values are holding firm. “There seems to be a lack of inventory for everything. Quality land is holding its own, but non-premium land is seeing some decreases.” Jensen says there has been a demographic shift in agriculture with land ownership transferring to a younger generation. “The kids who are the heirs often don’t have ties to the land so I would anticipate we’ll see more land come on the market in the next five years.”
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