Land Values Hold Strong into 2021

According to the latest Land Values Report from Farmers National Company, sale volumes were up 49 percent during October and November compared to the previous year. Northern Plains farmers are currently buying 90 percent of top-quality farmland coming up for sale. Prices for lower quality cropland are flat. A regional report cites government payments, crop insurance, low interested rates and rising grain prices were all factors in strengthening land values in the last quarter of 2020. Investor interest and farmer demand will continue to drive the land market in 2021.