Farmland Sales Activity Picking Up

Interest in selling agricultural land is picking up among landowners. The amount of land that Farmers National Company has listed for sale is up 21 percent compared to last year at this time. 

 

"Most of the sales are coming from individuals or ownership groups who are deciding that now is the time to sell," said Randy Dickhut, senior vice president of real estate operations at Farmers National Company. "They may have recently inherited the land or have owned it for years, but sellers have watched the land market and some are deciding to take advantage of the still historically good land prices. Some sellers are thinking that there is more downside risk in land prices than upside potential, so for them, now is the time to sell."

 

Selling activity is also picking up at Farmers National Company due to its recognized success in selling land. Extensive local, regional, and national marketing by Farmers National Company reaches buyers looking for land and creates successful sales for sellers.

 

"Despite the slower land market the past few years, Farmers National Company's real estate sales have grown each year including a solid 5 percent increase in sales volume this year," Dickhut said.