Survey Shows Farmers, Ranchers Are Passing on Land

A report just issued by Farmers National Company suggests that farmers and ranchers – the folks buying much of the available farmland and pasture the past few years – are backing off aggressive bidding.

Farm and ranch profits are down and lenders are being more careful in what they will lend on land purchases. Furthermore, investor interest in farm and ranch land declined as land values moved higher during the last four to five years and the return on investment slipped. But individual and fund investors are moving back into the land market as land prices soften.