That Farm is a Salty Piece of Land!
Damian Mason
Businessman, Agriculturist, Speaker, Author, Podcaster, Host of XtremeAg.farm's "Cutting The Curve."
If you work in the Business of Agriculture, and possibly even if you don’t, you’ve seen some pretty lofty prices for Agricultural land.
Some of the high priced hype (which makes for amusing social media content!) comes about when an 80 acre tract in Iowa fetches double market rate as two feuding farmers ratchet up the bid.
While stories of $30,000 per acre farm ground make for amusing coffee shop chatter, they’re not reflective of market reality.
What Is Market Reality for Farm Ground?
Using my home state of Indiana, here are just-released numbers from Purdue University’s department of Agricultural Economics:
These values and this sort of appreciation are exciting if you’re selling or holding real estate. But what if you’re in a farm land buying mood? Based on farmer and lender sentiment, recent gains are predicted to be erased by year’s end as farm land prices face downward pressure.
Remember that prices vary by region, by land use, by water availability, by soil productivity, by proximity to population centers and many other factors. Also, let’s not forget interest rates’ affect on land demand and investment opportunity with other asset classes.
When Is The Right Time to Buy or Sell Farmland?
Looking for professional guidance on when to buy or sell farm real estate? Join me September 10th as I’ll be hosting the Maximize Your Farmland Series webinar produced by Halderman Real Estate and Farm Management. You’ll hear from Ag real estate expert Howard Halderman, Paul Neiffer - The Farm CPA, and farm estate attorney Dan Gordon.
Featured Speakers
Howard Halderman, President of the Halderman Companies
Damian Mason, Keynote Speaker, Author, Podcaster
Dan Gordon, Attorney, Gordon & Associates
Paul Neiffer, Editor and Writer, Farm CPA Report
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Audience questions and participation are always encouraged.
Damian Mason keeps his ear to the ground and his nose to the grindstone bringing insights and intelligence with a dose of entertainment to Agricultural audiences.
To book Damian to speak at your next Ag meeting, or to inquire about partnering with him via sponsorship or any other inquiries, shoot us an email:
Send Email: damianmasonoffice@gmail.com
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6th Generation Family Farmer | Driving Growth and Opportunities for Farmers
4mocool perspective on this!