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Some farmers cautious to buy land, land broker says
A farm real estate specialist says some farmers and ranchers have been cautious with their land purchases.
Koby Rickertsen with High Point Land Company says there’s been some uncertainty in the land market to start the year. “We have a new administration, so people are kind of trying to look in the crystal ball and see what’s going to happen with land, especially with tariffs being talked about and things like that.”
He tells Brownfield land values have been relatively strong the last few months. “But it is interesting to see what’s going to happen throughout the rest of the year. There are spots in the country where things have kind of stalled out a little bit. Nothing has gone down yet, but we’ve seen it not go up as much as it has the last few years.”
Rickertsen says 2025 could end up being a correction year for the farmland market.
He spoke to Brownfield at the 34th annual Buffalo Bill Farm and Ranch Expo in North Platte, Nebraska.
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