Buying a plot of land in rural America has never been so expensive. And that’s even with soaring interest rates.
Rising commodity prices mean farmers made record amounts of money this year, spurring a rush for space to plant in 2023. More demand comes just as people fled to the countryside during the pandemic — with non-metropolitan areas growing faster than urban ones — and investors turned to fields as a hedge against inflation.
Farmland prices in the Midwest, the nation’s breadbasket, jumped 20% just in the third quarter from a year earlier — bucking a downturn in the residential real estate market, according to data from the Federal Reserve Bank of Chicago and the National Association of Realtors. That was the eleventh consecutive quarter of gains, the longest streak since 2014.
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💧 Limited water does not have to mean limited options. Klamath Basin landowners enrolled more than 11,000 acres in water-conservation programs, balancing water use with operational and financial needs. Understanding available programs and how they fit into the broader operation can create a stronger path forward. Root Agricultural Advisory helps agricultural businesses evaluate their options… Understanding Your Water Options
🌱 Knowing your farmlands value, understanding buyer priorities, and identifying potential risks early can give you more control once negotiations begin. Our five-day Step-by-Step Guide to Unlocking Farmland Value helps landowners and advisors prepare before the property reaches the market. Start the guide through here.
Root Agricultural Advisory
2670 S. Eagle Rd. Meridian ID 83642
(208) 753-2333 info@rootagadvisory.com
