Farmland sales are slowing in some parts of the Midwest.
Compeer Financial senior appraiser Jeff Hacker covers east central Illinois into northwest Indiana and says there hasn’t been much activity recently.
“I don’t know that I would say that the market has gotten softer, but it doesn’t appear like it’s moving up. But again, we don’t have a whole lot of data to work with right now.”
He tells Brownfield rising interest rates and tighter crop margins are resulting in fewer land sales.
