For many in the investment world, this year has held more surprises than they would care to experience for the next couple decades! A surprise to some is the fact that farmland, as an asset class, has not really participated in the volatility drama that has played out this year in most other assets.
What should you consider when you look at future generation planning and long-term ownership of your farmland?
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.