The housing market has been trending downward the last several years, but that is not the case for agricultural land prices.
For the last several years farming land values have been climbing.
That makes for an interesting situation for both buyers and sellers.
High land values are partly due to historically high farm revenues thanks to high market values of crops, including corn and soybeans.
With more money to be made through farming, the demand for that land has increased.
However, that could be problematic if crop prices fall.
Another factor that is contributing to high land values includes the fact that interest rates are historically low, which makes it easier to borrow the money to buy the land.
Still, buyers should approach the situation with caution and sellers may want to jump at the opportunity.
If crop prices were to fall, that could also trigger the land in which those crops are grown on to fall in addition.
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