Ag Outlook 9-3-2020

The pandemic is responsible for increased interest in farmland ownership. According to Farmers National Company part of this interest by individuals and investment funds is due to COVID-19’s impact on their investment psychology and the desire to place money in a stable, long-term real asset. The trend in recent years according to Farmers National has been for less good quality cropland to go on the market. That trend accelerated at the start of the pandemic. Currently, there is additional farmland coming up for sale with part of that being a normal seasonal upswing and part being people who have been thinking of selling deciding to go ahead and do it. At any rate, there seems to be a convergence of opportunity and desire.