The vice president of Farmers National Company of Omaha, Randy Dickhut, reports that the land prices continue to get higher. Several reasons, including inflation and the War in Ukraine, are responsible for this hike.
Good cropland prices have increased by 20%. The land that cost $16,000 last year is now being sold at the price of $20,500 per acre. With this rise, investors feel that farmland is a much safer and better platform to invest in.
The question of whether the land prices would continue to hike in the future goes unanswered because of the uncertainty of the current situation.
Stability and inflation are the foremost things that concern investors while investing. These concerns make farmland even more suitable investment because farmland is considered a secure and safe investment in such situations.
According to Dickhut, fiber, fuel, and adequate food supply hold supreme importance throughout the world right now. In this regard, the United States has proven to be the world’s most secure and productive livestock and grain supplier. Farmers and investors realize that buying more land could ensure long-term success, which is why they are willing to buy more land for the future.