According the USDA Farmland and building values (dollars per acre) of farm businesses rose by about 13.3 percent in 2007 and are expected to grow by nearly 14.9 percent in 2008. This solid growth in farm real estate asset values is partly due to rising returns on farm assets and to declines in interest rates. Rising income expectations translate into higher farmland values—in most regions, double-digit gains for cropland are expected. Gains in ranchland value are driven by demands from recreational and developmental uses. Demand for farmland for recreation and nonfarm development will continue to exert upward pressure on U.S. farmland values, especially in urban and urbanizing areas.
New housing starts are one of the leading indicators for the economy in general. The current drop in new housing starts may dampen the demand for real estate assets (including farm business real estate assets). However, so far the sluggish growth in the U.S. housing sector and decreasing demand for new housing in the economy at large have not significantly affected the demand for farmland investments.
–
List your land for sale, or find an accredited land professional.
Isabel said
Hi!. I’m an SpanishEnglish translator and I have to translate into English the description of a large estate (20,000 hectares) devoted to cattle raising (mainly extensive) and agriculture. What do you think is the right word in English for that property: ranch, estate, farm? And what is the correct word in English for the part of that property where the houses and barns and chute and all the facilities are built: ranch house, homestead, outbuildings? I would greatly appreciate your comments.
Thanks,
Isabel
sellland said
Hi Isabel,
I would suggest you use the word Ranch and Outbuildings. You can then further explain what the outbuildings are ( lodges, barns, corrals, etc.)
Hope that helps.
Rita