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Headline : Farmland value remains strong in 2024

Read more from the original article on here at www.agweek.com.





Tags : #farmland #value #remains #strong #2024


No. of Paragraph 23

ROCHESTER, Minn. — According to one of the nation's largest farmland brokers, the farmland market has remained resilient halfway through 2024. 

A lot has changed in the past year in terms of commodity markets, interest rates, buyer demand and overall agricultural economy, said Paul Schadegg, senior vice president of real estate operations at Farmers National Company. 

“Moving into the second half of 2023 and the first half of 2024, we’ve experienced significant increases in interest rates, declining grain markets, and inflation," Schadegg said. "Despite these negative pressures, the land market has remained relatively resilient but shows signs of settling in general, including single-digit decreases in specific areas.”

Farm operators remain to be the largest segment of land buyers, Schadegg said, therefore the "biggest impact on land values moving forward will be profitability in agriculture."

Read more from the original article on here at www.agweek.com.


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