Preparing for Fall Land Auctions

More land sales happen during the fall. Wells Fargo Bank Lead Agricultural Economist Michael Swanson says this is the time of year when cash rents are up. “It’s kind of ironic that the last crop off the farmland that you own can be almost sentimental. But we do see fall as being a busy time because cash rents are up for negotiation.” Swanson says interest rates and commodity prices are driving up land values. “Land prices and inflation don’t move together. The ag economy is not really tied to the GTP number that we hear about. But, interest rates and crop prices are the two biggest drivers.”