Higher farmland prices expected this fall, according to Farmers National Company

Farmers National Company reports higher farmland prices this fall. That is as buyers are willing to bid up for good quality cropland in the heart of the Midwest.

Randy Dickhut, real estate operations senior VP, speaks with RFD-TV’s John Jenkinson on the trends he is seeing and what are the contributing factors.

“I think it’s continuation of some of the basics we’ve seen the last year or two that have held farmland prices steady and that’s the lower supply of good, quality crop land on the market for sale. We’ve got low interest rates, that allow a borrower to spend a little more but keep their payments the same, plus those low interest rates make farmland look like a good investment... when you compare it to other safe investments,” Dickhut states.

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