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Regional farm paper classifieds this week

N

NY 986

Well-known Member
I browse the ad section of the regional ag paper in this case Country Folks magazine. Open the ad section today and see a fairly large ad for farm and rural real estate. Not earth shattering in itself as brokers have and do advertise on there. What was surprising was the areas that a number of the listings are from. The Mennonites and Amish have a heavy representation in New York in this day and age to the extent that farm realtors in a number of areas are lonelier than the Maytag repairman because both groups bang on the doors of the farm owners as opposed to going through a broker. There will always be a market for quality real estate and I can not automatically assume these parcels are not quality pieces but wonder if the market is past the plateau for demand. Just harkens back to the 1970's when sellers seemed to out number buyers here.
 
Most farmers right about now aren't in a position to buy land. And the investment market is doing well on wall street, so no need for them to buy land.
 
If I had to hazard a guess I would say its due to the beginning of the end for the small time dairy farmer? (you define what "small" is). I know Posson Realty down in Chemung or is it Tioga county or thereabouts has a few more more listings than they usually do.
 
Certain types of property have soft sales right now. In part because the guys who dreamed of buying a small farm has done so. The younger folks have different priorities. We are seeing the same thing here with the big lake shore homes. Sales are just soft. The younger folks looking for something want a cabin, not a whole other house to maintain. Then add in as someone else said, most farmers, regardless of size today just are not able to buy additions land right now. Many are stuck paying for land they bought several years ago when corn was 8 bucks. So 2 things are at play. Most folks selling saw the prices of several years ago and they want the same that land was bringing at it's peak. With current prices most farmers who might interested in land want to by it at distressed prices.

Riock
 
In NY it seems that the Amish and the BTO's are the only ones that can afford to milk cows anymore. In my area they have helped save the small farms from the BTO's. Small farms are still dropping like flies though
Pete
 
Amish are moving out of the NE US to Southside VA buying a lot of farms,cheap land,low taxes bought some equipment in Buckingham County not long ago the owner had sold to a young
Amish couple from PA.
 
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