QUINCY, Ill. (RFD-TV) — Farmland values are holding steady, with supply and demand expected to play a major role in the market over the next few years.
Farmland market analyst Randy Dickhut says the limited supply of land for sale has helped maintain values, even as lower crop incomes have made buyers more cautious.
“The mostly lower supply of land for sale over the past few years has definitely helped support land values. There have been enough buyers, even though they might not have been as aggressive as crop incomes dropped. There were still enough buyers interested in whatever farms came up for sale, especially if it was a good quality farm that really fit in well with a farm operation, or as an investor that wanted to get into the land market or add to theirs.”
Dickhut says availability will be important to watch in the coming weeks, with more farms potentially coming onto the market this fall.
