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.

Read more on farmland values here.