Farmland market ceiling and floor coming into focus
A certified appraiser suggests the farmland market is evening out.
Aaron Stark with Compeer Financial says prices might have peaked, but the floor is solid.
“Historically looking at farmland, that’s always been a good, safe bet against a lot of factors (like) inflation and all the other factors that are prevalent in the market right now.”
He tells Brownfield there’s security in farmland.
“You know the old saying that they’re not making any more farmland of course, so it seems like it’s going to be a fairly safe hedge going into the future as it has been historically.”
Stark, who covers southeast Minnesota, says land sales have “dried up” recently and points to tighter margins as well as higher interest rates as likely contributors.
Stark made these comments during an upcoming Compeer Appraisal podcast, a content partnership with Brownfield Ag News.