A Kansas City Federal Reserve survey of ag lenders finds land values increased more than 20% at the end of 2021 from the end of 2020.
Their report says strength in ag real estate markets is supported by strong demand, historically low interest rates and greatly improved conditions in the farm economy.
The rise in inputs is seen as a risk to the sector but lenders expect favorable conditions in the economy to support farm finances and lead to even more gains in farmland values this year.
