Many factors could weaken farmland values in 2023
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Many factors could weaken farmland values in 2023
Several factors could weaken the farmland market in 2023.
Paul Schadegg, senior vice president at Farmers National Company, says values remain strong ahead of the new year.
“But that said, we are very cautious about the peripherals of interest rates, inflation, world events and commodity markets if there is a shift.”
Speaking to Brownfield during the National Agricultural Broadcasting Association’s National Convention in Kansas City last week, he says rising interest rates have yet to have a major impact.
“Cash is definitely king out there right now. When most land transactions are cash transactions, if they leverage the land, it’s a very small amount.”
But with interest rates rising by more than seven percent, Schadegg says there will be a tipping point down the road.
https://brownfieldagnews.com/news/multiple-factors-could-weaken-farmland-values-in-2023/ Many factors could weaken farmland values in 2023
