Farmers National Company recently completed a survey of company farm managers and real estate agents regarding their outlook for U.S. land values and demand in 2001. The survey was completed as of Jan. 1, 2001.

Dean Glock, Chief Real Estate Officer for Farmers National Company, based in Omaha, Nebraska, reports that 2000 was a near-record year for the company in land sales with nearly $130 million of closed sales and 120 successful real estate auctions conducted.

In addition, Glock comments that he expects an active market in 2001 with many more buyers than sellers looking for the right farm or ranch. Glock says, “The 1031 tax deferred exchange option is still fueling the market in many areas of the Midwest and we expect it to do so for several years to come.”

Vice President of Real Estate for Farmers National Company, Monty Meusch, reports that buyer interest is extremely high for the top-producing farms and ranches no matter the location. Buyers are much more cautious about buying those properties having a reputation of poorer yields and questionable management over past years.

Farmers National Company, an employee-owned company, is the nation’s largest farm management and land brokerage company. The 72-year-old firm operates in 22 states.

Farmers National Company