While the final quarter of 2024 did not have as much volume as the final quarter of 2022 or 2023, high quality farmland continued to sell well considering the current farm economy. Demand for farmland, while not as high as a year ago, continued to absorb much of the land for sale. An increase in “no-sale” auctions were noted in the Fall of 2024. This is a potential indication of a softening land market as seller expectations, set higher from previous years’ phenomenal sale results, are met with current return projections facing farmer and investor buyers.
