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The Senior Vice President of Real Estate Operations for Farmers National Company reported during the first six month of its fiscal year, land sales were up 56% over the same time last year.
Key forces are converging to send farmland values higher — maybe even to historic levels.
Understand how this option fits into a rental agreement.
U.S. farm real estate values are seeing a rapid rise in 2021, with the Western Corn Belt seeing values rise at a faster pace than the East, but the storyline could change, according to Jackson Takach of Farmer Mac.
How much does it cost to rent cropland this year? According to NASS, the average price is $141 per acre. That’s $2 higher than last year, and up $7 from five years ago.
Farmland sales continue to raise eyebrows and challenge—or set—records. Just look at these farmland sales results.