Firm demand and limited supply have buoyed farmland values
in many parts of the Midwest.
Rod Hebrink, CEO of farm credit cooperative Compeer Financial, says the market has been relatively stable.
“We may be off 15 to 20 percent from the peaks, but there wasn’t a lot of land that traded hands at those levels.”
Compeer covers Minnesota, Wisconsin, and parts of Illinois.
He tells Brownfield another factor that has supported farmland values is underwriting standards that are much different compared to the 1980’s.
Continue reading Several factors propping up farmland values at Brownfield Ag News.
