According to Farmer’s National Company, the largest farmland and ranchland real estate company in the U.S. continued low supplies of premium quality farmland has led buyers to compete for currently scarce top-end acreage, keeping values strong – averaging 20% higher over comparable land in 2012.  Auctions have turned very competitive with bidding wars becoming the norm for high quality land and in areas of the country that traditionally have not seen land auctions, they are becoming a common occurrence.  Moving into the third quarter of 2013 Farmer’s National Company expects the number of transactions being closed to increase based on activity seen in the past 60 days. Even with recent drops in crop yields profits for farmers are still at levels higher than 2010 and farm debt is still low in relative historical terms.

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http://cornandsoybeandigest.com/issues/average-values-20-high-quality-farmland