"Buyers of land feel they will still get returns on land well into 2013 as projections for continued profitability are strong," says Volchoff. "Farm operators feel very comfortable in their situations. They have significant cash and are investing it in their farming operations by buying land and equipment."
The future of the market, while unforeseen, is not risky, according to Volchoff. "The farmland market has not been highly leveraged, as residential housing markets were when prices skyrocketed. This farmland market today is not a speculative market and we do not foresee any type of abrupt downturn. People still see land as a safe, tangible investment and are willing to keep their money there over the long term."
Regional information on land values for different states is available at website
Farmers National Company, an employee-owned company, is the nation's leading agricultural real estate and farm and ranch management company. The company has sold over 3,500 farms and more than $2.0 billion of real estate during the last five years. Farmers National Company currently manages more than 4,700 farms in 24 states. Additional services provided by the company include auctions, appraisals, insurance, consultation services, oil and gas management, lake management and a national hunting lease program. For more information on land listings in your region, visit the Farmers National Company website at www.FarmersNational.com.
Number of land sales in Iowa, Missouri, Minnesota and South Dakota up 35% in 2012
Demand for quality land continues to be very strong in the north-central region including Iowa, Missouri, Minnesota and South Dakota, according to Sam Kain, area sales manager for Farmers National Company in Iowa and Minnesota. Auction numbers in this region were up in 2012, prompting sellers to net top sales prices.
"Farmers National Company completed more than 175 auctions in this region during 2012, which is up 35% over the prior year," says Kain. "Demand is still outpacing the number of properties available for sale, and the quality of land offered for sale is definitely king." The higher quality land is attracting very strong bids.