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.
