Small Changes Surface in Farm Real Estate Sales

The farmland market is resilient despite low commodity prices and higher interest rates. Farmers National Company Area Sales Manager Troy Swee sees one major change. “If you go back to the high of 2022 and 2023, the number of buyers we’re getting online and/or in person is about half of what it was 18-24 months ago.” Swee attributes that to farmers being more conservative with their spending. The way farmland is being sold is changing in this economy. “In markets like this with a reduced number of buyers, we’re starting to see an uptick in conventional listings and bid sales.”