Farmland values are exhibiting “an underlying base of strength,” according to a report from Farmers National Co. This is due to historically low interest rates, low supply of land for sale and adequate buying capital.
Land makes up 82% of total assets for the North American agricultural industry. Because farm and ranchland is the key financial bedrock of farming, close scrutiny of market and price trends is required to gage the general health of the industry.
Though down from the record sales of 2013, Farmers National Co. said it recorded strong real estate sales for the first half of 2014 despite economists’ projected downturn of farmland values.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.