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February 11, 2019
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 and have since remained
fairly steady at the lower pace. But in places, we are seeing an uptick in
the amount of land coming on the market. For instance, the dollar volume of
sales at Farmers National Company was up 17% in January, 2019 compared to last
January and up 7% for the past four months. The number of transactions has also
increased being up 12% so far compared to 2018. The biggest jump in activity is
shown by the huge 48% increase in the number of acres sold by Farmers National Company.
Finally, auction activity was double in the month of January compared to the
previous three years.
Senior Vice President - Real Estate Operations
|Category: Agricultural Real Estate News|