Farmland market as strong and maybe stronger than 2012 peak
A farm real estate agent suggests farmland values compare favorably to the market peak that occurred almost a decade ago.
In fact, Austin Charlson with Land Proz says current prices might even be slightly better than before.
“At that time in the 2012 area there was a lot (of land) between the $9,000 to $11,000 range.”
Now, he tells Brownfield $10,000 to $12,000 per-acre seems to be the low end depending on factors like water outlets.
“As we’re realizing that drainage and the ability to tile is huge, so whether these farms can get rid of their water makes it even more valuable.”
Charlson, who is based in Iowa, says farmers are paying a premium to acquire land they can tile.