An ag real estate expert says aggressive bidding is leading to record land values in most areas of the Corn Belt.
Randy Dickhut with Farmers National Company says quality farmland is up nearly 35 percent and supply and demand can be blamed. “Supply of land for sale was still lower going into the year, but that accelerated as higher prices brought out more sellers and so we did see an uptick in the amount of land sold.”
Dickhut says there was strong farm income from 2020 and that spilled into last year and was eventually bolstered by high commodity prices in 2021 and that contributed to high demand.
