Farmland Value Holding Strong in Early 2023
"As we go into 2023. just the liquidity in the market out there and incomes are the driving force of what's driving farmland values today. And with prices you can lock into for 2023 expect values to farmland values to remain strong wouldn't expect the kind of appreciation that we've seen over the last couple of years."
He spoke at a Purdue University Top Farmer Conference and said during a Purdue commercial ag podcast that inflation has become a factor with regard to farmland prices.
"There'll be a bit of a wrestling match going on, between what we see happening with interest rates and lands historical being a hedge against inflation. So you've got inflation, tending to pull it up, historically, at least and interest rates today creating a little more of a negative impact than what we've seen in the past. So it'll be interesting to watch that wrestling match unfold as we get into 2023. But I think values will tend to remain strong.
Once again, R.D. Schrader of Schraeder real estate and auction company.