A certified appraiser in southeast Minnesota calls the farmland market stable.
Nick Reps with Compeer Financial tells Brownfield since 2020, land prices have risen 40 to 60 percent.
“Sales have probably kept pretty stable I would say recently in terms of volume, and in terms of even values more recently too I’d say they’ve probably leveled off or even stabilized.”
He says high interest rates and lower commodity prices don’t seem to be pressuring land values yet.
