FNC Expects Higher Land Prices Into 2021

As far as value of good farm land in this new year, what can we expect

"Steady to somewhat firmer land values in 2021," said Randy Dickhut with Farmers National Company. He added he has good reasons for that upbeat forecast.

"With the stronger commodity prices and the extra cash producers would have received in 2020, I think they're using that to help support purchase of that farm that comes up for sale next door. And I don't think they're will be a large supply of land that extra that will come on the market."

Dickhut added all of these things, plus low interest rates and more interest in farmland by private investors point to a farmland prices steady to slightly higher in 2021.

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