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Shining Light on Farm & Food Policy for 20 Years.
Wednesday, November 20, 2024
Farmland values in parts of the U.S. are on the rise as commodity prices and government payments spur buyers in the Corn Belt while water access fuels the market in California's drought-stricken Central Valley.
Hundreds of farmers and ranchers who were thinking about selling land earlier this year seemed to pull back as COVID-19 cases spread across the country – creating a great deal of economic uncertainty. But now they are back.
Farmland values are expected to remain stable in 2019, despite uncertainty caused by lower commodity prices and farm incomes over the past five years, Farmers National said after looking at recent trends in its 28-state service area.
So which way are land values heading? Farmers National Company says there are both positive and negative factors at work that are affecting the market, and the next six months will tell the tale.
