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Farmers National: Interest in selling farmland will increase

Land sales activity was flat the past few years, but that may soon change. The lower supply of farms for sale has been one of the factors that supported land values after the 2013 peak in prices paid for ag land. Farmers National Company reports seeing indications for increased land sale activity through to the end of 2021. Farmers National Company and its agents have already received an increased number of calls from landowners who are thinking about selling later in the year. The company says the main reason that will drive the current and upcoming sales decisions is that landowners are seeing a large and rapid run-up in land prices to levels last seen in 2013.

California Cherry Outlook Good and Farmers Buying More Land - AG INFORMATION NETWORK OF THE WEST

California Cherry Outlook Good and Farmers Buying More Land Wednesday Apr 21st, 2021 From the Ag Information Network, I’m Bob Larson with your Agribusiness Update. With California farmers and ranchers finding increasing difficulty in purchasing wildfire insurance, the state insurance commissioner directed insurance companies last week to provide data about the availability of commercial coverage for businesses including farms and ranches. The California Farm Bureau welcomed the action, saying it hoped the request from Insurance Commissioner Ricardo Lara will lead to more sustainable coverage. Shippers say California cherry crop prospects are bright for 2021 with no gap expected between California and Northwest crops at the end of the deal.

Farmers National Company reports booming land sales

Pierre, SD, USA / DRGNews Apr 14, 2021 7:55 AM The dollar volume of land sales listed and sold by Farmers National Company during the first six months of its fiscal year ending March 31 was up 56 percent over the same period last year. Farmers National Company reports sales are up 67 percent over the average of the past three years. Total acres sold to date are up 59 percent compared to last year and 26 percent over two years ago. The number of sales transactions handled saw an increase of ten percent over last year. The increase in land sales activity at Farmers National Company contrasts with what has generally been described as a slower land market that has had a steady to somewhat less amount of land for sale in most areas.

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