The COVID-19 pandemic has drawn more interest in farmland ownership. Farmers National Company said recently there is a growing interest by individuals and investment funds in owning land.
Part of this interest, according to FNC, is because of COVID-19’s impact on their investment psychology and the desire to invest in a stable, long-term real asset. The company says people are thinking about the food supply chain and sustainability of the food supply and deciding that they want to own an important part of how food is produced.
Over the past several years, there has been somewhat less good quality cropland for sale than average with 2020 seeing even less for a number of months after the COVID-19 outbreak. Currently, there is additional farmland coming up for sale once again, with part of that being the normal seasonal upswing and part being people who have been thinking of selling deciding to go ahead and sell, providing some opportunity for farmers and investors alike.
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