(NAFB) Despite market headwinds, land values continue to be strong, particularly in the Midwest. Paul Schadegg is Senior Vice President of Farm and Ranch Management and Real Estate for the Farmers National Company, and says the market in the “I” states continues to display resiliency.
Schadegg says farmers continue to make up about 75 percent of farmland buyers.
Investors, however, have a different motivation.
Schadegg says it all comes back to Economics 101: supply and demand.
Interestingly, Schadegg indicates that land values usually follow the grain market, but that’s not been the case recently.
Paul Schadegg is Senior Vice President at Farmers National Company.
