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Farm land values hold steady, appreciate

Strong ag, oil economies bolster property prices

A center pivot system irrigates a field south of Great Bend on a recent morning. Reports are indicating that the values for farm land, both irrigated and dryland, have remained constant and even increased.

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Thanks to a strong farm and oil economy, along with positive farm incomes and other factors, farmland values locally and nationwide have held their own, and in fact, shown continued growth, real estate agents who handle ag transactions are reporting.
“The rate if appreciation has been steady over time,” said Kevin Keller of Keller Real Estate in Great Bend. But, over the past five years, that rate has been higher.
Other influences on the market include lower rates of return on other investments (such as stocks and certificates of deposit) that make land an attractive investment, low interest rates, and ...

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