A surge in farmland values has slowed to 5% in the Midwest

Land values in the Midwest are painting a new landscape. After a surge, they are starting to slow.

While the state of Indiana increased to 16 percent, land values in Iowa were stagnant. One ag banker is predicting there to be a steady land market until the end of the year. However, with corn and soybean prices down 20 percent, and rising interest rates, the outlook is for lower income after two record-high income years.