The Kansas City Fed says interest rate hikes may not have a major impact on farmland demand heading into next year.
Economists say Russia’s war in Ukraine, combined with strong farm income is influencing the demand for land. Nathan Kauffman says interest rates could change the minds of investors that had been purchasing ground. He says farmers are still in a strong financial position to make additional land purchases, but he warns things could change if commodity prices drop and expenses remain high.
