An ag economist is cautioning farmers from overspending on farmland in 2022.
The University of Missouri’s Ray Massey tells Brownfield he’s bullish on farmland values in the near-term.
“Given the money that’s available out there in farmer’s hand’s and investor’s hand’s, current interest rates still being quite low there’s quite a bit of indication that land prices may rise,” Massey said.
And he said high grain prices could push some to overcommit on land purchases.
