Farmland values may have plateaued. According to Agri-Access Vice President of National Lending, Scott Jarek, there have been incremental gains in land values, but nothing close to what was seen just a couple of years ago. The pool of buyers is not as active as it once was, and the average age of landowners is edging higher. “As you see the average landowner age tick close to that 70-year-old number, you start to ask yourself, if there’s not a firm farm transition plan or heirs involved, they’re going to have a different set of investing decisions.” While geopolitical events grab the headlines, Jarck believes farmland decisions are based on local conditions. “You can take the farthest macro look on this as you want, but ultimately your micro matters a lot more than your macro in this situation.”
