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Farmland, rents expected to remain steady

Randy Dickhut with Farmers National Company

A farm real estate specialist says there could be a slight increase in the amount of farmland coming onto the market in 2020. 

But Randy Dickhut with Farmers National Company says as long as the demand for farmland remains strong, prices should remain steady.

“There is demand. A good quality farm only comes up for sale once every three or four generations, and the neighbors are there to buy it,” Dickhut says. “There’s still capital in the farmers’ hands, in most cases, that has been saved, and they’re purchasing that good land that comes up for sale.”

Dickhut also expects stable cash rents.

“I don’t think we’ll see a lot of change. We haven’t so far in what we’ve negotiated and worked out in some rental bids. Farmers are still willing, if they have the right operation, to bid up for the land.”

Dickhut spoke with Brownfield at the recent NAFB convention in Kansas City.

AUDIO: Randy Dickhut

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