Commodity prices could be the reason for higher farmland values in 2023
While farm income may decline this year, it seems farmland values will stay strong.
That is according to farm real estate expert, Paul Schadegg, who believes commodity prices will continue to help land values. Limited supply and strong demand are also impacting the market.
Schadegg adds that while volumes are a bit off of last year’s farmland pace, they are still well above the five-year average.
Looking ahead, we will have to wait and see where the tipping point will be between inputs and where buyers will step away from the market.