Farmers National Company says land market momentum that began late in 2021 only picked up the pace into 2022. Competition for high-quality cropland resulted in both record sales and overall increases in land values. Strong demand in all of the country’s regions brought significant opportunities to landowners interested in capitalizing on the current land market. In most cases, landowners selling property experienced never-before-seen values for their farmland. The final results set records in several states and increased year-to-year values between 20 and 34 percent in the Corn Belt. Farmers National says the traditional local farmer-operators are the successful buyers of land in 75 percent of their transactions. “We’re seeing a true supply-demand scenario,” says Paul Shadegg, senior vice president of real estate operations. “There are simply more buyers willing to bid on the limited amount of land coming to market.” Commodity markets are the main driver in higher land values.
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