Farmland market slows in 1st quarter of 2021
The amount of available farmland has shrunk for now.
Randy Dickhut with Farmers National Company says after a strong fall and early winter, the market has slowed down.
“There were increased sales (for) our company in the last quarter of 2020. In the first couple months (of 2021), there is sale activity, but there’s just not as much land on the market for sale.”
He tells Brownfield that has firmed up prices, especially for good quality tillable land.
“We saw it earlier in Illinois (and) Iowa. There was an extremely strong sale in eastern Nebraska in the local market.”
Dickhut says most of the land for sale now is lower to average quality, and he expects that to continue into early summer.