One of the reasons for shifting farmland prices is changing crop patterns. Randy Dickhut, farmland sales specialist with Agricultural Economic Insights, mentions where some of the most notable changes are taking place.
The beginning of the increase in farmland prices occurred a little over a decade ago says Dickhut.
He says rising demand overseas for American corn and soybeans also led to an increase in farmland prices.
The upper Plains have seen an increase in land prices but the Upper Midwest and its nutrient rich soil still remains the leader.
That was Randy Dickhut of Agricultural Economic Insights.
