Land values are holding steady according to the recently released Mid-South Land Values and Lease Trends Report, an 86-page assessment published by the Mid-South Chapter of the American Society of Farm Managers and Rural Appraisers.
“The report highlights recent upward trends with farmland values, sales, and rents across Arkansas, Louisiana, and Mississippi and parts of western Tennessee,” said Allen Swain, President of the Mid-South Chapter of the ASFMRA.
Additionally, the report contains editorials on mapping software, waterfowl habitats and feral hog management as well as the cattle, timber and poultry industries. While the values and trends for each evaluated region have unique characteristics and variables, the overall outlook for Mid-South land values is positive.
“The availability of good, top-quality investment grade farmland continues to be limited: this is a continuing trend over the past few years. Overall, farmland prices remain steady and, in many cases, have increased since the last publication,” said Tyler Mullins, ARA, Land Trends Publication Chair.
Copies of the report are $10 each and may be obtained by visiting asfmra.org/LandTrendMS, by downloading the ASFMRA mobile app at asfmra.org/app or by contacting a local land expert as listed on the ASFMRA online membership directory.
“Glaub Farm Management is pleased to be a founding supporter of this annual publication. The land book provides valuable information to Mid-South land owners. Too often we meet landowners, who are ill-informed, and this publication provides a base of knowledge before discussing a specific property with a land professional,” said Jeffrey Hignight, AFM..
Now in its fifth year, the land values report supports the chapter’s goal of serving as the premier information center for rural and farm landowners across the Mid-South. By providing an overall view of the Mid-South farmland market, the publication is a general source of information and is not intended to replace the knowledge and expertise of a qualified land professional, who should be consulted prior to making important decisions involving farm property.
Such professionals—farm managers, appraisers and consultants in the chapter’s four-state area—are listed in the report along with their contact information. Members with AFM, ARA, RPRA, and AAC after their names have earned designations through ASFMRA. To earn and maintain accreditation, ASFMRA members must achieve and demonstrate heightened levels of knowledge through testing, continuing education, practical field experience and ethical accountability within their designated disciplines