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Farmland outlook not expected to change much in 2021
At least one expert believes the ag land market won’t change much in the year ahead.
Farmers National Company senior vice president of real estate operations Randy Dickhut tells Brownfield he expects interest rates to remain low and the supply of land to stay tight.
“People holding onto it, and I think investor interest will still continue. So I look for, as we made it through this far, fairly steady land values again however that might play out.”
He says the biggest question is will there be more COVID aid for farmers.
“That’s going to immediately impact producers’ cashflows and working capital for next year, and I think that’s the real concern.”
Dickhut says that will impact the ability of the producer to buy land, or in cases of difficult financial circumstances, not have to sell.
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