2024 brings continued resilience in farm land market
24 Jan 2024
OMAHA, Neb. — Despite increasing pressure from declining commodity markets, rising interest rates and inflation, the farm land market seems to be moving into 2024 maintaining the value increases it has built during the past three years.
The sharp increase in land values from a year ago that was primarily driven by strong commodity markets has slowed, but those values are being maintained, which is evidenced in Farmers National Co. sale results logged in the past six months. Buyer demand remains strong for good quality cropland across the Midwest, while the supply of land for sale remains limited.