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Demand continues for farmland

Even through land prices are increasing, demand for farmland is at an all-time high.  A recent report from Farmer’s National Company (FNC) says based on a record number of transactions, land sale prices are up 20 percent on average compared to 2010.  Jim Farrell, president of FNC says strong grain prices and farmland profits are fueling the demand, sales volumes and land prices.  He says even cash rents in top producing areas have increased between 25 and 40 percent in 2011. 

Farrell says despite strong interest from the investment sector, farmers still make up 75 percent of land buyers.