Current Conditions Near Ideal for Sellers & Buyers of Farmland
Fall and winter typically bring an increased focus on buying and selling farmland, and this year is no exception.
We’ve already seen a great deal of interest in recent land auctions. And with another 11,735 acres already on the books for the remainder of 2020, sellers and buyers alike will have a lot of opportunities to adjust their holdings for the year ahead, and beyond.
“The three elements we need for a good land market are low interest rates, good commodity prices, and good yields,” said Max Steffes. “Interest rates remain at historic lows, and the prices for corn and soybeans are about the best we’ve seen in five years, so that’s being reflected in the land market. We’d always like to see better yields, but they’ve been pretty good.”
And while it’s generally a seller’s market, there are still good buying opportunities as well. “Interest rates and commodity prices can change at any time, so I’d advise anyone seeking to sell or buy farmland to take advantage of the favorable conditions,” said Max.
Currently, we have 11,735 acres set for auction for the remainder of 2020. Our offerings include large and small farms throughout our coverage area.
Here are Some Examples of Our Major Upcoming Land Auctions:
- Clay and Wilkin Counties, Minnesota, 848± acres
o Timed online, opens Thursday, Oct. 29 and closes Monday, Nov. 2
- Louisa County, Iowa, 537± acres
o Live on-site, 10 a.m. Monday, Nov. 9
- Barnes County, North Dakota, 320± acres
o Timed online, opens and closes Tuesday, Nov. 10
- Benton County, Iowa, 367± acres
o Timed online, opens Tuesday, Nov. 3 and closes Tuesday, Nov. 10
- C. Berk Bowman Farm & Ranch, 4,137± acres
o Timed online, opens Wednesday, Nov. 11 and closes Wednesday, Nov. 18
- Williams County, North Dakota, 336± acres
o Timed online, opens and closes Tuesday, Nov. 24