After a raucous climb over the last several years, farmland values appear to be leveling off. The new year kicked off with some modest rises in Midwestern states ranging from 2 to 4 percent. The stable to steady movements since November 2022 have signaled a less-active season.
However, the market for cropland sales dials back every spring as planting kicks off. Mike Morris, a Compeer Financial vice president, says the farmland market remains well supported and that high input costs and spiked interest rates have not served as the headwinds many anticipated.
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