The pace of land sales picked up this year for Farmers National Company. The company reports it is on track for a near-record or record sales year on several fronts. The higher land prices have spurred an increased number of landowners to sell, with some wanting to complete the sale before year-end due to uncertainty about potential tax law changes.
The question becomes whether the increased sale activity will continue into 2022.
Based on the calls from landowners that Farmers National Company is receiving, the company says land sales will continue to be brisk into the New Year. The higher land prices continue to come into play in the sale or keep decision-making of landowners now and as they look to the immediate future. Many landowners are deciding to sell now and capture the current high prices. However, other landowners are pushing the decision to sell into 2022.
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