Farmers urged to return custom rates survey ASAP | Oklahoma State University okstate.edu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from okstate.edu Daily Mail and Mail on Sunday newspapers.
Originally published on May 11, 2021 8:32 am
Farmers and investors seeking to expand are paying more for agricultural land in the Midwest.
The value of good cropland in Corn Belt states like Iowa and Indiana has increased about 10% since last fall, according to Randy Dickhut, the senior vice president of real estate operations for Farmers National Co.
Increased commodity prices, fewer trade stressors and historic amounts of government aid have contributed to higher land values, he says. The real estate company reports that it sold 59% more acres compared to the same period last year and the dollar volume of its land sales was up 67% compared to the three-year average.
Farmers and investors seeking to expand are paying more for agricultural land in the Midwest.
The value of good cropland in Corn Belt states like Iowa and Indiana has increased about 10% since last fall, according to Randy Dickhut, the senior vice president of real estate operations for Farmers National Co.
Increased commodity prices, fewer trade stressors and historic amounts of government aid have contributed to higher land values, he says. The real estate company reports the total acreage sold has held steady, but the total amount paid for farmland is up 67% compared to the three-year average.
“There wasn t any increase in the amount for sale,” Dickhut says.“It s just kind of been on the lower side. So the lower supply, good demand in the market responds with higher prices.”
Originally published on May 6, 2021 1:20 pm
Farmers and investors seeking to expand are paying more for agricultural land in the Midwest.
The value of good cropland in Corn Belt states like Iowa and Indiana has increased about 10% since last fall, according to Randy Dickhut, the senior vice president of real estate operations for Farmers National Co.
Increased commodity prices, fewer trade stressors and historic amounts of government aid have contributed to higher land values, he says. The real estate company reports the total acreage sold has held steady, but the total amount paid for farmland is up 67% compared to the three-year average.