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Regional Differences in the Land Market
By Randy Dickhut, Senior Vice President - Real Estate Operations
Monday, June 10, 2019 |
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| Location, location, location is a guiding principle of real estate. It is true for the land market as well. Not only are there important perspectives and differences in each local land market, there are region wide characteristics that make the land market act differently in one area compared to another. |
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Who Is Buying and Selling Farmland?
By Randy Dickhut, Senior Vice President - Real Estate Operations
Monday, May 20, 2019 |
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| There is often a misconception surrounding who sells farmland. Many immediately think of farmers as the sellers of most farmland, but this is not correct... |
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Real Net Farm Income Trends and Outlook
By Randy Dickhut, Senior Vice President - Real Estate Operations
Monday, April 29, 2019 |
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| As with other income-generating real property assets, such as commercial buildings, net income is important in valuing farm and ranch land. Income that the asset generates over the years is the underlying basis in determining the asset's value... |
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The Impact of Flooding on Farmland Values
By Randy Dickhut, Senior Vice President - Real Estate Operations
Monday, April 15, 2019 |
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| The eyes of the nation were riveted on last month's epic flooding in parts of Nebraska, Iowa, and Missouri. The toll on people's daily lives, their homes, and businesses continues to impact those who were in the flooded areas. Our concern goes out every day to those who are struggling to put their lives and businesses back to normal. |
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Trends to Watch That May Affect Land Values
By Randy Dickhut, Senior Vice President - Real Estate Operations
Monday, April 08, 2019 |
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| There are a multitude of good informational sources pertaining to agriculture with the U.S.D.A leading the way along with both the National Agriculture Statistics Service (NASS) and the Economic Research Service (ERS) which are within the U.S.D.A. In addition, land grant universities generate great information as do private firms and individuals involved in ag... |
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Winding Down the Winter Land Sales Season
By Randy Dickhut, Senior Vice President - Real Estate Operations
Monday, April 01, 2019 |
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| As winter winds down we turn our attention to springtime. Similarly, there is a winter land sales and auction season that picks up in mid-January and slows down by the end of March as farmers turn full attention to spring planting. There continues to be land auctions and sales during the spring months, but the number drops way off. |
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Land Values: Another Tick Down?
By Randy Dickhut, Senior Vice President - Real Estate Operations
Monday, March 18, 2019 |
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| The decline in land values since 2013 has been gradual and reasonable given the lower commodity prices and farm incomes. Over the past two years, land values stabilized and even bumped up a bit in several states... |
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Where to Buy Farmland?
By Randy Dickhut, Senior Vice President - Real Estate Operations
Monday, March 11, 2019 |
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| A landowner recently asked me where was the best place to buy farmland right now. For such an easy sounding question, it is actually a much harder one to answer. First, the land buyer must be clear in their goals. Do they want to buy and hold long term or buy and sell after holding for a shorter period of years? |
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Who is Selling Land Now and In the Future?
By Randy Dickhut, Senior Vice President - Real Estate Operations
Monday, March 04, 2019 |
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| As land market observers nervously watch who is selling land to glimpse the first hints of financially stressed sales by farmers, the actual market has not generally seen a large or increasing number of financially stressed sales yet. |
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Active Auction Results from Kansas
By Randy Dickhut, Senior Vice President - Real Estate Operations
Monday, February 25, 2019 |
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| During the week of February 11, Farmers National Company held three separate land auctions selling 2,840 acres in three counties in south-central and southwestern Kansas. Public auctions are a good way to gauge land prices... |
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Looking Beyond the Statistics in Ag
By Randy Dickhut, Senior Vice President - Real Estate Operations
Tuesday, February 19, 2019 |
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| It is important to examine the overall ag sector using statistics, charts, and analysis. The trends and changes indicated for various data sets and sectors is valuable for many reasons, not the least is to determine the health of the ag economy. |
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Why are Land Sales Up?
By Randy Dickhut, Senior Vice President - Real Estate Operations
Monday, February 11, 2019 |
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| It may not be so with every land brokerage, but sales activity is definitely up at Farmers National Company during recent months. We know that the annual number of land sales in the grain belt are off 40-50% from the peak number of transactions in 2012-13... |
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Land Sales Remained Slow in 2018, But Increased for Farmers National Company
By Randy Dickhut, Senior Vice President - Real Estate Operations
Monday, January 28, 2019 |
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| One of the underpinnings providing support to land values the past several years has been the lower volume of land for sale on the market. From the peak in sales volume in 2012-2013, the land market experienced a 45% drop in sales over the succeeding years which continues today at the lower level. |
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Generational Transfer of Wealth Includes Land
By Randy Dickhut, Senior Vice President - Real Estate Operations
Monday, January 21, 2019 |
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| In the United States, we have been and will continue to see a huge transfer of wealth from the WW II and Korean War generation to Baby Boomers and younger. The previous generation built and saved wealth that is now being passed down to their heirs. |
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Variations Abound in the Land Market
By Randy Dickhut, Senior Vice President - Real Estate Operations
Monday, January 14, 2019 |
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| The new year is only a few weeks old and we are already seeing variations in the land market around locations, price strength, and buying interest. |
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Land Market Predictions for 2019
By Randy Dickhut, Senior Vice President - Real Estate Operations
Monday, January 07, 2019 |
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| As the calendar flips into a new year, farmers, ranchers, and landowners are pouring over the financial numbers of how their business totaled up for the past year. |
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Recapping the Land Market in 2018
By Randy Dickhut, Senior Vice President - Real Estate Operations
Monday, December 17, 2018 |
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| It is the time of the year to pause and reflect on the preceding 12 months in the land market. Most would agree that it was a fairly stable land market with supply and demand in fairly good equilibrium. |
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2018 Auction Season Winding Down
By Randy Dickhut, Senior Vice President - Real Estate Operations
Monday, December 10, 2018 |
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| Land auctions typically slow down as we approach mid-December and the year-end holiday season. Many sellers who sell after harvest want to be able to close the sale and have their proceeds before year end. |
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Two Overriding Questions in the Land Market
By Randy Dickhut, Senior Vice President - Real Estate Operations
Monday, December 03, 2018 |
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| Currently, there are two important questions hovering over the land market. One is whether there will continue to be enough buyers in the marketplace to absorb or buy the land that comes up for sale? The other is... |
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American Ag Has Much to be Thankful For
By Randy Dickhut, Senior Vice President - Real Estate Operations
Monday, November 19, 2018 |
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| As we approach Thanksgiving and the opportunity to reflect on the things we can be thankful for, we in American agriculture have much to consider. |
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Where to Invest in Farmland Outside the Grainbelt
By Randy Dickhut, Senior Vice President - Real Estate Operations
Monday, November 05, 2018 |
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| Most of the attention in farmland investing goes to two main production areas. One is the Grainbelt defined as the middle of the country where most of the commodity crops are raised. This area stretches mainly from Ohio to Colorado and North Dakota to Texas. |
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The Next Generation of Landowners
By Randy Dickhut, Senior Vice President - Real Estate Operations
Monday, October 29, 2018 |
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| A large generational transfer of wealth is happening in this country with the oldest generations passing assets to their children and heirs. For farm and ranch operations, land by far is the most significant asset in this transfer of wealth. But, ag land is also an important part of wealth for non-operating landowners. |
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How Much Land Buying Capital is in the Marketplace?
By Randy Dickhut, Senior Vice President - Real Estate Operations
Monday, October 22, 2018 |
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| In polling Farmers National Company's Area Real Estate Sales Managers this week, several observations on the land market consistently came up. One was that there is a bit more land for sale now compared to last year at this time. |
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2019 To Be a Pivotal Year in Ag
By Randy Dickhut, Senior Vice President - Real Estate Operations
Monday, October 15, 2018 |
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| Those involved in and around production agriculture know that net farm income in the US has declined sharply from the highs of a few years ago. Uncertainty spread in 2017 as producers looked at lower commodity prices and unknown production. |
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