Are land prices falling?
A recent article in the Wichita Eagle quoted Mykel Taylor, a farm economist at
Kansas State University in which he predicts a drop of 30-50 percent from the peak as land prices return
to their long term trend.
Perspective on Area Land Values
By Larry Theurer, Broker/Owner
Theurer Auction/Realty LLC
Land prices in the last half of 2015 decreased as compared to the first six months of the year. Higher quality land is still very much in demand with prices for this type of land being down 5-15%.