The winter is typically a busy time for agricultural land sales nationwide. Randy Dickhut, Senior Vice President at Farmers National Company, said it’s a sellers’ market right now.

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“When we’re looking at starting in the fall time period on through the winter, so far, coming up on spring as the typical farmland selling season, we’ve seen more optimism from buyers, who’ve become more aggressive, bidding higher to purchase that good cropland when it comes up for sale. And individual investors are getting interested in owning farmland, and then the institutional funds that continue to be in the farmland market.”

Dickhut, added there isn’t as much land available for purchase, giving sellers more leverage. And a big part of that, he noted was the COVID-19 pandemic. Dickhut, anticipates more land sales later in 2021.

“What we’re starting to see now is that we’re getting a few more calls from those landowners that had maybe thought about it. Those went down, and they pulled back, and now with the stronger prices, they’re thinking about selling again. That will come about in the late summer and fall. Looking ahead, there will be a few more land sales then.”

Dickhut said farmers are getting more aggressive in their purchases because they anticipate land values going up soon.

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