LITTLE ROCK, Ark. (RFD News) — Farmland values remain strong, even as some agricultural land goes unfarmed and inventory challenges continue.
Jeramy Stephens with National Land Realty joined us on Thursday’s Market Day Report to discuss current farmland market trends.
In his conversation with RFD News, Stephens says inventory remains limited, with estate sales and generational land transfers accounting for much of the farmland coming to market. He says farmers continue to be active buyers, while financing has become more common after several years of mostly cash purchases.
Despite some uncertainty surrounding marginal farmland and rental rates, Stephens says agricultural land continues to be viewed as a strong long-term investment.
U.S. farm debt has topped $605 billion, but vendor financing and other nontraditional lending may mean USDA estimates do not capture the full amount owed.
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