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Farmland sales continue slowdown

Farmland sales continued to slow this year.

Compeer Financial director of appraisal Dave Dinderman says there’s been about a 20 percent decrease in sales compared to 2023.

“And while that may not seem like much, that’s a continuation of a trend of fewer and fewer sales over the prior few years.”

He tells Brownfield with fewer transactions and less land available, the reduced supply has helped keep prices stable.

“Despite given some of the economic pressures that you’d otherwise expect.”

Dinderman says the farmland market is showing resilience despite negative factors like low commodity prices and high interest rates.