Category Archives: Land Prices

Tenn. farmland bringing top prices in 2012

If you’ve got farmland to sell, chances are you’ll get a good price this year, says land management company Farmers National.

Increased demand for top quality land is driving up sales prices in Tennessee and the rest of the Mid South region, the company said in a recent report on land values.

“We have seen prices increase up to 30 percent on top land in some areas with no sign of a slow-down,” Keith Morris, an area sales manager for Farmers National Co., said in a news release.

 “Product is getting harder to find, driving some buyers to look at poorer quality farms, with plans of upgrading them,” said Morris, who covers Tennessee, Mississippi, Arkansas, Alabama, western Kentucky, Louisiana, and southern Missouri.

Top Tennessee farmland is selling for an average of $3,500 per acre,Farmers National says.

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Land — still the best investment

Sales prices for high quality farmland in Tennessee are rising, but sales activity has slowed, Farmers National Co. reported today.

“Land is still a good investment for buyers, but they want the high quality properties that hold value,” Lee Vermeer, vice president of real estate operations at Farmers National, said in a statement.

Farmers National is an agricultural real estate and farm and ranch management company.

In the Tennessee, Arkansas, Mississippi region owners are holding on to their land and farmers are taking advantage of federal programs to raise the value of their property, Farmers National said.

High quality farmland in Tennessee is selling for $3,500 an acre.


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