Farmers National Company Says Land Value Strong

Chuck Zimmerman

Farmers National CompanyI knew I should have bought that piece of property to hunt on a long time ago! According to a release I just got from Farmers National Company land values have been good around the country.

Land Continues to Set Record Prices

Omaha, Nebraska…Farm and ranch real estate values remain very strong in 2005, according to a recent survey of professionals at Farmers National Company (FNC). Results from over 300 private treaty sales and auctions at FNC have been at or above the record sales prices we recorded in 2004. High quality farm ground has been in the highest demand by both investors and farmers. Sale prices of $3,500 to $5,000 per acre are common in the central and eastern cornbelt, with prices of $2,500 to $3,500 per acre in the western cornbelt.

Lee Vermeer, AFM, Vice President – Real Estate Operations, reports: “Demand for recreational properties with hunting and/or fishing also has continued. Properties with waterfowl hunting opportunities have seen the highest buyer activity, particularly if they are within one to two hours of a large metropolitan area.”

For more information contact Susan Christenson.