Ranchland Values

Ranchland Values. I’m Greg Martin along with Lacy Gray for Colorado Ag Today.

A new report out from the Farmers National Company shows that the location and quality of land continue to be main drivers of prices for a given tract of land. The Ag Networks Lacy Gray has more on this.

GRAY: During 2014, the wide region covering Colorado, western South Dakota, Nebraska and Wyoming saw continued land sales activity. While land values have not increased significantly,

they are still at a steady high level. Demand for high quality crop ground coupled with current commodity prices still remain the motivating factors driving land prices. Sellers currently are concerned about long-term commodity prices and buyers are less willing to pay top price. Although land prices have stabilized throughout 2014, most noticeably in the fourth quarter, farmers, owner/operators and investors are still focused on acquiring additional acres.

Thanks Lacy. Prices in this wide region are ranging from $4,500 to $12,000 per acre for high quality tillable acres, with location, soils and topography dictating price. According to Farmers National, the supply of land for sale is less than in the past few years as there is no tax policy change driving sales and landowners remain tight holders of the asset.

And that’s Colorado Ag Today. I’m Greg Martin, thanks for listening on the Ag Information Network of the West.