Search All Listings
Search by Real Estate Listing #
Search Site
Search All Listings
Search by Real Estate Listing #
Search Site
Talk to Us
Call Us Facebook Twitter LinkedIn YouTube Instagram
Email A Friend
Talk to Us
Call Us Facebook Twitter LinkedIn YouTube Instagram
Email A Friend
2020 Regional Land Reports
You are here:   Landowners  »  Current Landowner News  »  2020 Regional Land Reports

June 2020 

View Landowner Reports for:  

Illinois, Indiana, Ohio, Michigan, Missouri, and Arkansas  

North Dakota, South Dakota, and Minnesota  

Nebraska, Kansas, Oklahoma, and Texas  

Georgia  

 

Illinois, Indiana, Ohio, Michigan, Missouri, and Arkansas 

Land sales have slowed in the Eastern Corn Belt and Delta regions as farmers engage in springtime activities. COVID-19 issues will impact both listing volume and buying activity over the coming months as the land market weighs the influencing factors, noted Randy Dickhut, senior vice president of real estate operations for Farmers National Company.  

  

"Sales activity was again slower as it has been for several years, but it is slower than normal, which is understandable with all that is happening in the world and in agriculture. Good tillable land continues to sell well at a price comparable to or slightly below last year. Lower quality cropland prices are softer as people are not willing to bid aggressively for it," Dickhut said. 

  

"Buyer interest in farmland has slowed even though interest rates are extremely low. I look for activity to pick up come late summer as more information is available, crops are nearing harvest and hopefully there are no more interruptions in meat and food supplies," he added. 

  

Both investor and farmer buyers will have a better picture of the ag market later in the year. 

  

Dickhut is optimistic for future land sale activity, however.  

  

"I am pleased with the continued interest we are getting at Farmers National Company from sellers wanting to explore selling their land during the next six months. Now more than ever, sellers are seeking out a trusted advisor who has nationwide exposure to market and sell their land in the months ahead," Dickhut said. 

  

Illinois Land Values Graph | Indiana Land Values Graph | Ohio Land Values Graph | Michigan Land Values Graph | Missouri Land Values Graph | Arkansas Land Values Graph  

  

Roger Hayworth  

Area Sales Manager for Ohio, Indiana, Illinois, Michigan, eastern Kentucky, and eastern Missouri 

1-888-673-4919 

RHayworth@FarmersNational.com  

  

Return to Top  

 

 

North Dakota, South Dakota, and Minnesota  

Land sales have slowed as expected in the Northern Plains as farmers focus on planting. Brian Mohr, area sales manager for Farmers National Company, believes that COVID-19 issues will impact both listing volume and buying activity in the coming months as the land market weighs the influencing factors.  

 

"Sales activity this time of year is always slow, but it is slower than normal, which is understandable with all that is happening in the world and in agriculture. Good tillable land continues to sell well at a price comparable to or slightly below last year. Grass and pastureland are softer than cropland due to the stress in cattle markets," Mohr said. 

 

"Buyer interest in farmland has slowed even though interest rates are extremely low. I look for activity to pick up come late summer as more information is available, crops are nearing harvest and hopefully there are no more interruptions in meat and food supplies," Mohr said. 

 

Both investors and farmer buyers will have a better picture of the ag market later in the year. Still, Mohr is optimistic for future land sale activity.  

"I am pleased with the continued interest we are getting at Farmers National Company from landowners wanting to explore selling their land during the next six months. Now more than ever, sellers are seeking out a trusted advisor who has nationwide exposure to market and sell their land in the months ahead," Mohr said. 

 

North Dakota Land Values Graph | South Dakota Land Values Graph | Minnesota Land Values Graph 

 

Brian Mohr 

Area Sales Manager for North Dakota, South Dakota and Minnesota 

(605) 366-8333 

BMohr@FarmersNational.com  

  

Return to Top  

 

 

Nebraska, Kansas, Oklahoma, and Texas  

 Land sales have slowed as is typical in the Plains States right now as farmers and ranchers turn their full attention to springtime activities. COVID-19 issues will impact both listing volume and buying activity in the coming months as the land market weighs the influencing factors, said Paul Schadegg, area sales manager for Farmers National Company. 

  

"Our late spring land auctions were successful at or slightly above market values as there was good competitive bidding. Grazing land sales are softer due to the drop in cattle markets," Schadegg said.  

  

Schadegg is optimistic for future land sale activity, however. 

  

"I am pleased with the continued interest from both sellers wanting to market their land in the next six months along with buyers inquiring about what is currently for sale and what is expected to come on the market in the near future," he said. 

  

For the time being, private treaty listings may become the preferred sale method for land while the uncertainties continue in the economy and in agriculture.  

  

"Now more than ever, sellers are seeking out a trusted advisor who has nationwide exposure to market and sell their land in the months ahead," Schadegg said.    

  

Nebraska Land Values Graph | Kansas Land Values Graph | Oklahoma Land Values Graph | Texas Land Values Graph  

  

Paul Schadegg, AFM 

Area Sales Manager for Kansas, Nebraska, Oklahoma, and Texas 

(308) 254-2826 

PSchadegg@FarmersNational.com   

  

Return to Top  

  

  

Georgia 

The land real estate market in Georgia has continued to be on the slower side even before COVID-19 effects came into the picture.   

  

"There seems to be no discernible difference in sales activity between the period prior to the appearance of COVID-19 and post appearance when looking at the number of sales for each time frame," said Wayne Groover, managing broker for Farmers National Company. "In our analysis of land sales across the state, selling prices have ranged from a low of $950 per acre for recreational type properties with poor soils or cut over timber to a high for the period of $11,000 per acre for transitional or development tracts." 

  

The analysis covers the period of January 1 through May 15, 2020, for tracts larger than 50 acres. The majority of the sales analyzed came from central and northern Georgia.  

  

"The makeup of the type of land being sold was not surprising for the sample in this time period. There was no row crop land that was sold for this area, while 24 percent was pasture or hay ground used for agricultural purposes with the majority or 62 percent being wooded recreational land," Groover noted. "With uncertainty in the economy and agriculture, it is more important than ever to have a trusted advisor who knows the local land market by your side when selling or buying land." 

  

Wayne Groover 

Real Estate Broker for Georgia and South Carolina 

(912) 489-8900 

WGroover@FarmersNational.com   

  

Return to Top  

Back to Top
Print Show Printable Page
Search Listings and Website
Search All Listings
Search by Real Estate Listing #
Search Site