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Farmers National Company sees rise of century farm sales
An ag real estate expert says now’s the time to purchase farmland with more family farms coming up for sale.
Randy Dickhut with Farmers National Company tells Brownfield, “In a lot of cases, especially for farmers, they have to buy when that neighboring farm comes up for sale once every two, three, or four generations,” he said. “It doesn’t happen very often, so they have to buy when the chance comes.”
He says these rare pieces of land are coming to the market more frequently. “We’re seeing where the non-farm ownership of that land is going from one or two people that own it – mom and dad, or aunts and uncles – to four, five or six that own in the next generations. I think that prompts the selling of it.”
Dickhut says the current high market prices are also a factor.
