OMAHA — Average prices for high-quality farmland increased over the past year in seven leading agricultural states, held steady in seven others and fell in Nebraska and three others, an Omaha farm management company said.
Counting all crop and ranch land in the 18 states, including less-productive land, prices are down slightly but more stable than over the previous several years, said Randy Dickhut, senior vice president of real estate operations for Farmers National Co.
“We think this is just kind of a stabilizing time,” Dickhut said Thursday. All things considered, he said, “I’d still say there’s a trend that it will soften more. We don’t think we’re done going down.”
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