Grassland prices on the rise, cropland to plateau

With cattle prices at record highs, grassland prices are a good bet to rise in the coming year, the head of a farm management company tells DTN. It quotes Keith Carlson of United Farm and Ranch Management as saying demand is “terrific” for pasture land and “if anything…they’ll just go higher.” Real estate experts say cropland values will be stable or drift a bit lower. A real estate appraiser in Wisconsin said high milk prices are encouraging dairy farmers to expand their operations and bid up land prices. An appraiser based in North Dakota said buyers are becoming more finicky as grain prices fall and will pay high prices only for top-quality land.

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