Pre-harvest farmland market finds strength in higher commodity prices
An official with Farmers National Company was surprised by the strength of the pre-harvest farmland market.
Randy Dickhut says the unexpected late-summer runup in grain prices certainly helped.
“But also, people started looking even more so at farmland as a safe, long-term investment. So we saw outside individual investors, we saw some investment funds step up to the plate being a little more interested than they had been in purchasing farmland.”
He tells Brownfield demand for good quality ground remains strong.
“There were farmer buyers and investor buyers, and that helped hold land prices steady, even strengthening into harvest here.”
And despite this being the heart of harvest season, Dickhut expects to see more auctions, mid-sales, and listings throughout the month of October.