Farmland values plateau with occasional declines
High interest rates and lower commodity prices are front-of-mind factors for farmland buyers, said Farmers National Co., a large farm management and real estate company. "Despite these negative pressures, the land market has remained relatively resilient but shows signs of settling in general, including single-digit decreases in specific areas," said Paul Schadegg, senior vice president.
Farmland values dip in Midwest and Plains
Land prices declined in 12 Midwestern and Plains states but held steady or improved slightly in the South according to Farmers National Co, a farm management and real estate company, says AgWeb.