ASFMRA: Supply supports farmland market
The combination of production uncertainty and lower commodity prices curtailed farmer buying interest, particularly in the western Corn Belt. As we’ve moved into the early stages of harvest, however, we’ve detected some re-building of confidence on the part of farmers.
The result is a land market that is somewhat fractured. Demand for top-quality ground in strong producing regions can be quite strong. But demand for lower-quality ground in areas suffering drought damage can be quite weak. Whether you’re in the market to buy or sell farmland, understanding soil qualities and local growing conditions is more critical than ever. It’s in this type of fragmented market that the insight from professionals can prove invaluable.
Feel free to contact a ASFMRA member to discuss your local market.