Farmland values in parts of the U.S. are on the rise as commodity prices and government payments spur buyers in the Corn Belt while water access fuels the market in California's drought-stricken Central Valley.
Hundreds of farmers and ranchers who were thinking about selling land earlier this year seemed to pull back as COVID-19 cases spread across the country – creating a great deal of economic uncertainty. But now they are back.
Farmland values are expected to remain stable in 2019, despite uncertainty caused by lower commodity prices and farm incomes over the past five years, Farmers National said after looking at recent trends in its 28-state service area.
WASHINGTON, Sept. 13, 2017 – Call it market equilibrium or stability. Call it nap time in the Heartland’s farmland market. But across the Corn Belt, the Great Lake States and Northern Plains the land market is surely not the torrid trading pit it was just a few years ago.