The invasion of Ukraine could also drive up U.S. farmland values. The Kansas City Federal Reserve says that it all centers around crop production in Ukraine and Russia.
If the U.S. is “called up to bat” for production it would make expensive land even more valuable. In turn, that would put pressure on the markets.
The Fed’s Nate Kauffman says that it would take several months to see any impact, but he spoke with us earlier this week and noted that there have already been sharp increases in land value,s due to strong increase in commodity prices and income.
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