Thursday, October 07, 2021

New Record $26,000/Acre Iowa Farmland Sale, Record Amount of Land Could Flood Market in Next 60 Days

As more investors enter the market, and farmers also remain aggressive in buying land, historic pric. es have partially been driven by the fact there are more buyers than sellers for farmland right nowHowever, Rothermich says that’s a changing situation, as he expects a record amount of land to flood the market in the next 60 days.

“These higher prices are driving more acres to auction, and we're seeing over two times the amount of auctions coming to market right now in the next 60 days,” he says. “I would argue we're going to see more farms sold than we maybe ever have. There's that many auctions coming. And that's starting to kind of level things out. And we still have a very strong market. But those amount of acres coming to market in the next 60 days are leveling things out.” 

As more investors enter the market, and farmers also remain aggressive in buying land, historic prices have partially been driven by the fact there are more buyers than sellers for farmland right now. However, Rothermich says that’s a changing situation, as he expects a record amount of land to flood the market in the next 60 days.

“These higher prices are driving more acres to auction, and we're seeing over two times the amount of auctions coming to market right now in the next 60 days,” he says. “I would argue we're going to see more farms sold than we maybe ever have. There's that many auctions coming. And that's starting to kind of level things out. And we still have a very strong market. But those amount of acres coming to market in the next 60 days are leveling things out.”...MORE

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