GAINESVILLE, Ga. (RFD News) — Farmland values continue to reach record levels despite challenges in the farm economy, as development and other land uses reshape the market across the Southeast.
Daniel Boring with the American Society of Farm Managers and Rural Appraisers joined us on Wednesday’s Market Day Report for a closer look at trends in the region.
In his conversation with RFD News, Boring said farmland values are becoming increasingly disconnected from the farm economy as more property transitions to other uses. Data centers are one factor, with some properties reaching $250,000 to $1 million per acre depending on the infrastructure and resources available with the land.
Boring also discussed weaker timber prices even as the underlying land becomes more valuable. He said new buyers and recreational demand are helping support those values and encouraged timberland owners not to panic sell.
Boring said water is also becoming increasingly important to land values in the Southeast as access becomes more closely measured and regulated.
