Surprising to some, is that the farmland market as reflected by land values, has kept its legs under it through most of the past three to four months. Yes, the number of sales occurring this spring has been down market wide. Periods of great uncertainty will do that to a market. But the fact that sales volume was down has seemed to support the sales that are occurring.
We’ve been fielding inquiries about how all this disruption and societal motion is impacting the various aspects of agriculture. So, let us share some reflections regarding what all of this may mean for landowners in the months – and potentially, years – to come.
In my mind, beyond the legitimate health concerns, the biggest impact to our way of life may be rooted in the word “confidence”. Is it now safe to go to the store for groceries and supplies? Can kids and staff safely return to schools? When will worship at local churches return to some semblance of normal? Is now the time to buy into the stock market? Should I buy a farm? It all runs on confidence!