Pro Farmer Land Survey Results
Despite the sharp drop in grain and soybean prices and forecasts for tightening profit margins well past next year, a large portion of Pro Farmer Members say they will be in the market to buy farmland next year. Our third annual online survey conducted mid-month found 49% of Members answering "yes" to the question: Are you in the market to buy farmland within the next year? That is down, but not sharply, from last year’s 55% and is just shy of the 50% mark reported in our 2011 survey.
On the flip side, only 6% say they will be in the market to sell farmland compared to 7.5% last year and 7% in 2011.
Pro Farmer Members can click here for full survey results.
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LandOwner Editor Mike Walsten says the survey shows Members' bullishness toward farmland values, although tempered somewhat from the previous year. He says the survey reveals 20% of participates believe land prices will increase next year while nearly 38% believe values will be unchanged. That compares to 61.5% who were surveyed last year, thinking values would increase in 2013.
Click on the banner above for additonal information on farmland values and trends.