A trifecta of sales metrics shows a livelier farmland market for Farmers National Company compared to recent years. Sales volume, acres sold and transaction volume all have seen increases, according to the company. The gains occurred during the first half of the landowner services firm’s fiscal year, which runs October through September.
Real-estate sales volume jumped 21% during the period compared to a year ago and 38% from two years ago. Both individual sales transactions and acres sold posted gains.
The company sold 10% more acres than a year ago and 27% more than two years ago. Transaction volume also has increased: It’s 47% higher than the past two years. Farmers National Company reported 470 transactions involving 63,925 acres in the period ending this March.
“For this six-month period, we’ve had good volume and activity considering the slow market,” says Randy Dickhut, Farmers National Company senior vice president.
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