Updated · Ohio's Country Journal and Ohio Ag Net · Aug 17
Ohio Farmland Auctions Hold Steady With 50-50 Farmer-Investor Split as 1031 Buyers Recede
Updated
Updated · Ohio's Country Journal and Ohio Ag Net · Aug 17
Ohio Farmland Auctions Hold Steady With 50-50 Farmer-Investor Split as 1031 Buyers Recede
1 articles · Updated · Ohio's Country Journal and Ohio Ag Net · Aug 17
Summary
Ohio farmland auctions are entering the fall selling season on a stable footing, with demand for quality tracts still strong even as the sharp price run-up of recent years eases.
A roughly 50-50 mix of farmers and investors is still showing up at sales, but fewer 1031 tax-deferred exchange buyers are participating, a shift brokers say may be helping prices level out.
Marginal farms are taking longer to sell, while highly desirable parcels in strong local markets continue to draw aggressive bidding tied to livestock demand and neighborhood competition.
Commodity prices, tariff effects and harvest-season cash flow will shape how active buyers become this fall, when farmers typically decide whether to expand acreage.
More inventory may also come to market after years of tight supply, prompting brokers to steer top-quality farms toward auctions and weaker tracts toward private treaty sales.