Staying Strong: Land prices are up 20% for the year
The land market is still going strong.
Prices for good quality cropland are up 20 percent in some areas this year, and that is on top of a 15-30 percent jump in land values across the Grain Belt last year.
With higher commodity prices, more farmers feel comfortable aggressively bidding on land, and with global food supplies tightening and U.S. producers taking more of the market, many are wanting to control more acres.
Investors see it as a safe, long-term investment in the face of inflation.
Farmers National Company’s Randy Dickhut joined RFD-TV’s Suzanne Alexander to discuss the spike in prices, how these values look in different parts of the country, and advice on investing for landowners.