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Big Farmland Shift In Next 20 Years
Manage episode 522324464 series 2908402
Despite a recent dip in net farm income, U.S. farmland values remain historically high, according to a specialty asset management expert. While a sharp run-up in prices occurred in 2021 and 2022, the market is currently in a plateau pattern, with strong demand supporting high-quality acreage.
Cole Nickerson, Area Sales Manager for Farmers National Company, noted the contradiction between the struggling agricultural economy and resilient land prices.
"We've kind of seen a leveling off the last few years as net farm income has fallen a little bit," Nickerson tells Mid-West Farm Report. "But we haven't seen a big pullback in land values."
See omnystudio.com/listener for privacy information.
4675 episodes
Manage episode 522324464 series 2908402
Despite a recent dip in net farm income, U.S. farmland values remain historically high, according to a specialty asset management expert. While a sharp run-up in prices occurred in 2021 and 2022, the market is currently in a plateau pattern, with strong demand supporting high-quality acreage.
Cole Nickerson, Area Sales Manager for Farmers National Company, noted the contradiction between the struggling agricultural economy and resilient land prices.
"We've kind of seen a leveling off the last few years as net farm income has fallen a little bit," Nickerson tells Mid-West Farm Report. "But we haven't seen a big pullback in land values."
See omnystudio.com/listener for privacy information.
4675 episodes
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