4
As we look ahead to the end of 2022, it's encour-
aging to see continued strong rural land values.
With recently shifting markets and an unpredict-
able economy, the benefits of competitive bidding
make auctions an increasingly popular and prof-
itable option for sellers of farm, ranch and other
income-producing properties.
Ranch & Farm Auctions is a division of Whitetail
Properties Real Estate, backed by their extensive
land knowledge and marketing strength. Ranch
& Farm Auctions is exploding into a world-class
auction service with a successful track record in
achieving top-end prices for its clients.
Joe Gizdic, Auction Director of Ranch & Farm
Auctions, said the market has remained strong
the past several years, despite the series of
Helping Sellers Achieve Top Dollar
for Income-Producing Land
C=19 M=39 Y=100 K=0
C=53 M=70 Y=79 K=65
interest rate hikes in 2022. Over the last two years,
he reports a 25% to 30% increase in average sales
price per acre.
"The tillable land market is still super strong," Gizdic
said. "We are exceeding appraised value at almost
every auction. Land values have continued to in-
crease as available inventories have remained tight.
We have not seen any drop-off or decrease in prices
for good tillable land."
Much of the demand comes from farmers with cash
to invest because of high yields and relatively strong
commodity prices who want to expand their opera-
tions. About 30% of buyers are investors looking to
purchase farmland for rental income and land value
appreciation.
