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We continue to hear buzz that farmland may be headed for a sharp drop in 2016 and following, with declines in the 35-50% range possible.

As stated by Dr. William Smith, Professor of Marketing in the Graziadio School of Business and Management at Pepperdine University in Malibu, Calif., and a licensed realtor at Rainbow Realty in Hot Springs National Park, Ark.:

As 2016 dawns, I am observing the sort of “denial” of falling prices by owners of farmland that was obvious in 2008-10 in owners of residential real estate. In the residential crash of 2008-10, homeowners were “comforted” by real estate agents who were willing to list their properties at pre-crash prices. As the properties sat on the market for months that often turned into years, the previously effervescent realtors were of cold comfort to increasingly desperate sellers.

Read full article here.

What do you think?  Are farm prices rising, plateauing, or headed for a sharp drop in the near future?  Let us know in the Comment section.

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Written by Admin