Impact of Flooding

In view of this past years massive flooding over so many farms in the country, Farmers National Company spokesman Randy Dickkut talks about the impact on farmland value. In view of this past year's massive flooding over so many farms in the country, Farmers National Company spokesman Randy Dick talks about the impact on farmland value.

There's definitely winners and losers in a season like this. If you have, well, drained soils, not in a river bottom, that it's actually standing water and you get your crop in decent crop, but these better prices may come out. The winner losers are definitely Mississippi, Missouri, other rivers that actually had flood waters and covered it for months now just depends. Now, if you're the loser where it's flooded, two things can mainly happen. Fear in the area where the water just comes up and goes down kind of like a bathtub and you don't have the debris and so forth. You've lost a crop. You can probably get it back into production next year and you lost this year and you got some extra costs, but it's not horrific. Now, if you're in those areas where water stood longer months at a time or it's dumped sand and debris on it and you've got acres that are covered, you got to move or you can't farm or a final thing is if it the fronting water eroded channels in a changed your farm, took the top soil, can't get from one side the other in it because of that channel, then you've got significant problems and changing the value of it. Then the other question longer term is when will it flood again? This is one in a lifetime experience or is it getting so it's once every 10 years makes a difference, too. And buyers will get more cautious on some of this bottom ground for sure.