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Delta Farmland Prices Steady but Fewer Sales

On June 24-26, 2015 the Mid South Chapter of the ASFMRA held their annual meeting.  This year four appraisers, who are ASFMRA members, discussed land trends with the other members from Arkansas, Louisiana, Mississippi, and Tennessee.  In Louisiana land prices are stable since last year.  Sales transactions have slowed but there is still investors buying in the northern part of the state.  In Mississippi land prices are stable but there is more variation within the same type of land than with other types of land.  In western Tennessee land prices are on average up 1.72% compared to this time last year.  Cropland in Arkansas is slightly up from a year ago but sales have slowed.  Few quality land sales have occurred but average cropland sales have helped push prices 2.3% above last year’s average.

 

By Jeffrey Hignight, Accredited Farm Manager and Real Estate Broker at Glaub Farm Management. Serving Landowners in Arkansas, Mississippi, Missouri, and Tennessee.

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