A greater sense of financial security following last year’s COVID-caused slowdown is showing up in increased agricultural land sales.
According to Farmers National Company both rising commodity prices and big government payments are causing farmers to bid for additional land above what has been the trend during the past six years. The price increase is in the range of 5 to 15 percent during the last six months.
Randy Dickhut with Farmers National says competitive bidding is pushing up land prices for good cropland approaching 2014 levels while average to lower-quality farms also see stronger selling prices. In some places Dickhut says demand for good farmland is outstripping supply of farms for sale.
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