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10 Factors that Drive Farmland Value!

Author: Kristy

DECEMBER 13, 2013

By: Sara Schafer, AgWeb.com Business and Crops Online Editor
farmstead

 

Here are the big-picture issues that affect the worth of your farm

Soil type, drainage and location all play into the dollar value of your farmland. But as the agricultural industry becomes more global, so do the factors impacting your farm.

“In agricultural economics, a lot of issues are linked together,” says David Kohl, professor emeritus of agricultural economics at Virginia Tech. “Sometimes you have to take step back, think strategically and connect the dots.”

“People have an intuitive sense of what their land is worth,” says Tim Hopper, chief economist at TIAA-CREF, a financial services and investing organization. Yet to stay ahead of the curve, he says, farmers should think beyond their farm gates. Here is some food for thought on the macro issues that affect your farm’s value. READ MORE

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