Farmland Values Contine to Hike Amidst Strong Commodity Prices

Strong commodity prices in 2022 have continued to fuel the continuously surging farmland values across the Midwest and the Plains. In a recent update, the Federal Reserve reports that the value of nonirrigated cropland rose by more than 20% from last year. Kansas and Iowa saw 29% and 28% growth, respectively, while Colorado, Wyoming, and northern New Mexico saw jumps of 32%.

While the agricultural economy remains strong, some lenders expect conditions to decline later in the year due to more expensive inputs and drought across most of the Western U.S.

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