Alabama Farmland For Sale
There has been a substantial increase in demand for Alabama farmland for sale. We have seen an increase in demand from everyone from farmers to investors. Crop prices and futures are still remaining very high even with the record highs that were reached in the corn and soybean markets late last year. Several key factors have contributed to the rise in crop and farmland prices. Some of these factors include recent droughts, the livestock market, demands on exports and increased domestic consumption in both the feeding and ethanol sectors. Corn futures have receded a little with the anticipation of a record 97 million acres being planted in the United States alone this year. Corn has fallen below eight dollars per bushel now that the expectations on this years crop have come out. Cotton and soybeans are also going to see very good prices as farmers prepare to finish contracting their crops this spring.
With the worldwide demand being higher than ever and with our ethanol production steadliy climbing-farmland has become a very secure investment. China is storing and buying cotton and soybeans more than ever and the Chinese alone are responsible for a great deal of the price spikes that we are seeing. Also, the South American crop is currently being harvested and shipped out but it is taking longer than normal because of the record crop that was produced in Brazil and Argentina. The ports and infrastructures in these countries were not ready for the crop that they produced this season.
All of this has driven farmland prices higher and higher. We havent seen the farmland prices in Alabama like they have been seeing in the Midwest yet. Farmland in the Midwest and the Wheatbelt has been selling for as high as 15,000 dollars an acre. There is no shortage of buyers. Farmers have been buying as much as they can and are competing for acres with large corporate investment groups who are also buying farmland now that the markets have been so strong. This has begun to trickle down to the Southeast as we are watching a higher demand for farmland and pasture develop. It is hard to tell if this trend will keep up- but without the passing of a new long-term farmbill in congress, it will likely continue as long as the grain and cattle markets continue to climb higher and higher.