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Special to The News-Courier—
OMAHA, NE—The land market in 2019 continued the plateau trend of the past several years during which the supply of agricultural land for sale on the market remained lower than average and prices for good quality cropland held mostly steady.
Looking ahead to next year, will financial stress from lower commodity prices and poor harvests in some regions cause prices to decline?
“Despite the slower land market, Farmers National Company and its agents saw a 25 percent increase in acres sold in 2019 from the prior year and the most since 2014. Sellers are seeking the best advice and marketing strategy to sell their land and that is why the amount of land listed for sale at Farmers National is very strong at over $300 million” said Randy Dickhut, senior vice president of real estate operations.
Texas timber land and ranches are in demand from buyers and are holding or increasing in price.