Why Farms Are Fetching Record Prices

LoopNet.com | https://www.loopnet.com/learn/why-farms-are-fetching-record-prices/3312297/

Land brokers across the country are reporting record sales figures as several factors drive interest in farmland, ranches and recreational hunting grounds. Sales of land reached nearly $100 billion in 2021, up from less than $60 billion in 2020. And land prices are rising faster than any other commercial real estate asset class, according to CoStar data. CoStar’s U.S. Land Index, which tracks sale prices, rose 12.6% in the 12 months ending in June, reaching its highest point in the index’s 24-year history.