So far, the farmland market is strong despite high-interest rates

Although interest rates are high, America’s farmland market continues to thrive.

Realtors with auction giant, Stefs say operating rates have nearly doubled over the last year but they believe commodity prices have outweighed the hike up to this point.

Farmers National Company recently said last year brought record sales of $766 million, exceeding the previous record by $16 million.

Farmers accounted for 75 percent of land purchases but warn land prices could go lower as the year moves along starting with lower-quality ground first.

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It would allow the State Attorney General to issue subpoenas while investigating land ownership, and would also stiffen punishments for foreign entities that do not file with the state, or who submit false reports.
The Association of Equipment Manufacturers’ monthly flash report revealed the sale of all tractors last month was down 21 percent, and combines were down 5 percent from the same point last year.