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Hindsight helps explain current state of farmland market
An ag real estate specialist suggests a lot of land changed hands during the runup in values between 2020 and 2024.
And Paul Schadegg with Farmers National Company says that could be a reason market activity has lessened.
“If I look back over that period where we just had a tremendous amount of land sales, it’s very possible that could be a reason that we’re maybe down in inventory now. Because we were so far above the average back during those periods.”
He tells Brownfield the lack of available farmland is helping support values.
“There’s still that supply, demand factor that’s going to help hold the floor, and I don’t see any reason that land values would tumble.”
Schadegg says the difference maker for the farmland market going into 2026 will be farmer profitability.