Good quality farmland in a high-demand area is selling at levels comparable to 12 months ago. “Despite the higher interest rates and commodity prices, we’ve seen surprisingly strong farmland prices,” said Kyle Nelson, an agent for Farmers National Company. There hasn’t been an oversupply of land on the market. “I think inventories are going to stay relatively tight,” said Troy Swee, FNC area sales manager. “The people that are actively trying to buy a farm, I think I’d jump on that and try and get that bought.” Farmers National Company hosted two forums on land values during the Big Iron Farm Show. Here’s a link to the Tuesday forum and this link is for the Wednesday forum.
