Farmland values are on a downward slide.
A Michigan State Ag Economist expects rising land values to hit a wall as interest rates continue to increase.
Matthew Gammans tells Brownfield Ag News, “When those rates go up, farm values tend to go down.”
Recent research found that Michigan farmland prices increased as much as 15 percent in the past two years, and farmers should prepare for uncertainty.
“Some of it is from low-interest rates and some of it is from people getting more bullish on commodity prices.”
Gammans is conducting a survey for 2022. Click HERE to participate.
