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Despite a slower land market, Farmers National has seen a 29% increase in the number of acres sold by the company compared to last year and 22% over two years ago.
“There may be a win-win opportunity out of this for some folks. If it’s a field that has been historically wet, going to prevent plant may offer an opportunity to do a summer tile project and improve the drainage.”
To think about the future, you have to study the past too.
For the fifth consecutive year, land values have declined in Nebraska.
The farm economy remains under pressure, with several key indicators showing farmers are facing financial strain. But, a few positive factors could help support credit conditions in the future.
The average farm real estate values for the U.S. is $3,160 per acre in 2019. That’s up $60 from 2018, according to USDA’s 2019 Land Values Summary.