The Real Deal recently reported record land sales of $766 million in 2022. The inventory of land is at historically low levels with a crowded buyer-base, driving land sales to record levels. Cropland sale prices increased 14.3% in 2022 as commodity prices and favorable cash strong rents drove interest in the sector.

Landowners should explore the market to gain an appreciation of current conditions. If a sale fits within your long-term plans, now may be a good time to explore.