What is the ‘new normal’ for the land market? That was just one, of the several, discussions held at the Big Iron Farm Show in West Fargo. The crew from Farmers National Company took the stage at the Red River Farm Network Issues & Events Center to talk about what’s next for land values. “So far, the land market hasn’t seen an major impacts because of COVID-19. There has actually been some fairly strong land sales this late summer/early fall,” said Kyle Nelson. Land values have remained stable for a number of years. Dale Weston chimed in by saying there are different aspects of the economy playing in to that stability. “This year we’ve seen a lot of ad hoc government payments. That helps fill the gap in production agriculture and the income from that.” According to Nick Watson, there has also been a shift to more online auctions, especially since COVID-19 hit. Two land values discussion where held at Big Iron, one on Tuesday and another on Wednesday.
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