Land prices fall in first quarter of 2016 as a result of buyers caution and the depressed agricultural markets.
An average fall of 3% in comparison with the final quarter of 2015
On the brighter side, farmland values remain much improved over those 5 and 10 year ago, showing 32% and 176% increase respectively.
Quality really is key with buyers remaining price sensitive over what is being billed as an unsurprising re-adjustment period within the agricultural land markets.
Please note: This article is a commentary on general principles and should not be interpreted as advice for your specific situation.