The value of farmland is an important economic indicator for the agricultural business because it represents most farmers’ highest valued asset. Steady or rising farmland values along with low interest rates have been positive trends for farmers, particularly in light of lower commodity prices in the past several years. Stable farmland prices have remained the one positive during these years of major challenges for U.S. farmers.
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.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.