We have been seeing some record-breaking land prices in Iowa in the past few months, and the trend just isn?t being seen within our borders. The prices for good farmland have continued to remain high despite the economic setbacks we have had so far this year.
What is causing this phenomenon and how long can it be sustained?
Randy Dickhut is Senior Vice President of Real Estate Options at the Farmers National Company. He gives us an analysis of what is giving strength to this land market. One of the main drivers is grain prices.
While strength remains in land prices, they aren?t enjoying the same level of growth as we saw in years past. The first half od 2022 is showing some signs of slowing.
Even though the trend may be starting to turn, the prices for high quality farmland continues to be strong and set new records.
