Farmland market strong heading into fall

A farm real estate specialist says he expects farmland prices to hold firm through the end of the year.

Tim Meyer with Steffes Group tells Brownfield values have increased despite rising interest rates. “We saw a little bit of a dip the first two weeks of August,” he said. “I thought the high had been in, but since we’ve come through that, we have come back to our spring highs.”

He says demand has been strong.

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Farmland market strong heading into fall