In these uncertain economic times, farmers and ranchers are weighing what their balance sheets can handle. Whether it is inputs, equipment, or expansion, there are many factors to consider before you shell out hard-earned money. This is especially true when it comes to expanding the size of your operation. Land values maybe aren’t riding the rocket higher anymore, but they are still sitting high. Even as the prices have plateaued, land purchases cannot be made without a lot of consideration. That is why we are seeing a different trend emerge in the market right now.
But there are also times when you need to stretch your budget to get a certain piece of land. There are some “once-in-a-lifetime” opportunities that you don’t want to miss. So, what are those opportunities? Matt Gunderson, Senior VP of Strategic Relations at the Farmers National Company, outlines some of those opportunities you won’t get again if you drag your feet.
As mentioned before, even though prices aren’t skyrocketing, they are holding on to some very good values. This is even though grain prices have lowered considerably in the past year. Many factors are keeping investors, realtors, and sellers watching the market.
Be ready to talk with your financial advisors when these opportunities arise.
