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High land prices to price new farmers outside the market

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High land prices to price new farmers outside the market

The value of farmland has risen 35% on the grain belt, and ag real estate experts say they are setting prices for young and new farmers from the market.

Randy Dikhhat of Farmers National Company states that it has historically been a problem for farmers to buy their land if they have no connection with their families, neighbors, or retired farmers. To pay for the acres you buy. Well, with some of these land prices, it’s probably even higher now. He says high land prices are very similar to what’s happening in the housing market. There, starter home prices are out of reach for many young people.

The higher the land, the higher the cash rent, but Dickhut says there are several ways to get the land, such as starting a farmer loan or signing a lease through the USDA. , In some way. Obtaining crop shares and other types of leasing will help young farmers lay the groundwork for the future. “

Dickhut says he made an arrangement when he started farming in western Illinois in the 1970s and was the owner of part of the land 20 years later before selling it to his brother. The farmland is still in his family.



High land prices to price new farmers outside the market

https://brownfieldagnews.com/news/high-land-values-pricing-new-farmers-out-of-market/ High land prices to price new farmers outside the market

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