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A greater majority of respondents predicted an increase<br />
in prices over the next 12 months, up approximately three<br />
percent over the first six months. Although more scattered,<br />
there was much more of a consensus between land buyers<br />
and sellers on which states would see land price increases<br />
in the next 12 months. A full 16 states had price increase<br />
agreement between groups, while only 15 states were missing<br />
a majority vote or stalemated among respondents. Louisiana<br />
and Arizona were the only two in the south which didn’t<br />
foresee a 12 month price increase.<br />
Sellers are still in the 2006–2007 mindset. Buyers are still<br />
looking for bargains. I see unrest in the land market, a<br />
wait and see for buyers.<br />
-LAND BROKER FROM GEORGIA<br />
While a larger majority of both buyers and sellers predict an<br />
increase in prices overall, a few states bucked that trend.<br />
Louisiana, Arizona, and South Dakota all were predicted to<br />
have lower prices over 12 months by both buyers and sellers.<br />
The rest were fragmented among various regions, split by land<br />
buyers and sellers, but found primarily in the Midwest and<br />
Northwest.<br />
We have seen the best there is behind us. As incomes drop,<br />
potential buyers drop and values will follow.<br />
-LAND BUYER FROM TEXAS<br />
Land Markets in general, will stabilize, but where there<br />
are areas of more leverage the price of farm land will<br />
decrease. There are buyers to buy at lower prices.<br />
-LAND BROKER FROM MONTANA<br />
Both land buyers and sellers strongly agreed that there would<br />
be an increase of land on the market in the next 12 months<br />
with about two-thirds of respondents predicting an increase in<br />
market inventory. Since there were far fewer states showing a<br />
decrease, it made sense to highlight them for a clearer picture.<br />
Only a few scattered states had more respondents predicting<br />
a decrease in of land properties over this year, with the only<br />
overlap for buyers and sellers landing in Arkansas.<br />
Lower quality farms are beginning to come to the market.<br />
Thus prices will appear to fall more than the real market.<br />
-LAND BROKER FROM ARKANSAS<br />
LANDSOFAMERICAMAGAZINES.COM<br />
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