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Abundant buyers as the agricultural land market reaches historic levels

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Abundant buyers as the agricultural land market reaches historic levels

Buyers will not be discouraged when the farmland market reaches historic heights.

Eric Sarff, president of Illinois-based Murray Wise Associates, says prices and quantities continue to grow.

“There were a lot of sales before Labor Day in both Iowa and Illinois. This is usually not a common time to bring a farm to market. However, due to soaring prices, these properties Have all been sold. And as we enter October and approach November, prices remain strong and demand remains very strong, and I think it will continue until the end of the year. “

He says brownfield farmland sales are above the record set 10 years ago, with some Iowa land exceeding $ 20,000 per acre.

“At some point the supply was low (but) now people are entering more markets looking at what prices are doing. But still demand does not stop and demand is available at this point. And keeps things going. “

Mr. Surf expects the agricultural land market to remain strong, at least until next spring. He says there is a range of buyers from better-financed farmers, individual investors trying to hedge inflation, and larger institutional investors who want to add to their portfolio.



Abundant buyers as the agricultural land market reaches historic levels

https://brownfieldagnews.com/news/buyers-plentiful-as-farmland-market-reaches-historic-levels/ Abundant buyers as the agricultural land market reaches historic levels

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