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Large farmland sales continue across Midwest

An ag economist says farmland prices are showing no signs of slowing down.

Ernie Goss with Creighton University says prices have expanded for 51 straight months. “With other opportunities out there not as strong, farmers are buying up their neighbors’ properties when the property comes up for sale.”

A Sioux County, Iowa farm recently sold for a reported $29,600 per acre, and Goss tells Brownfield most of these large purchases have been made by farmers. “That’s a good thing. In other words, not as much outside buying as one would think. This is all generated from within the farm economy.”

But, Goss says deteriorating commodity prices could have an impact on purchases moving forward.

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