Increased buyer interest for agricultural land has driven farmland sale prices up by as much as 15 percent since the beginning of the year. That’s according to Farmers National Company’s senior vice president for real estate operations, Randy Dickhut. He explains some of the factors that have led to the increased activity.
Dickhut says buying interest is stronger in core crop growing areas.
Randy Dickhut of Farmers National Company notes that the recent increase in interest has attracted first-time buyers, who are viewing farmland and food chain security as a prime opportunity to invest in agriculture and food production.