The buzz around the coffee shop tables and up and down the country roads are, with crop prices down from the past few years land prices are dropping along with land rents.Maybe so for the lower quality crop and grazing land (some reports showing 12% to 15% price reduction). I don’t believe this to be true for your better quality pasture and row crop acres.We see factors that are keeping the better quality land prices strong:
- Economy seems to be picking up
- Low Interest Rates
- Strong Consumer confidence
- Low number of available acres for sale
The simple rule is “The best land is still the best value.” Karisha Devlin, MU Extension Ag Business Specialist. This is a great time to get top dollar for land in the Midwest.Because of the speed the world moves these days things can change rapidly.If youor someone you know is considering marketing their property to receive the highest current cash value or have questions about the current land markets in their area please contact us at 800-823-4094.
Jason Winter and West Central Auction Company provide Live and Online Auction services selling Real Estate at Auction, Benefit Auctions and liquidating assets at auction.For more information about the selling process visit: Jason Winter