News

Midwest appraiser expects farmland prices to remain strong

A rural appraiser expects rising interest rates to have a limited impact on farmland values.

Mark Williams with the Peoples Company tells Brownfield farmers recently have had stronger equity positions which have allowed prices to trend higher.

“Only once in your lifetime can you buy the track of land next to you, so we’ve seen a lot of motivational buying,” he explains.

Williams says farmland also has remained a safe purchase for investors who want quick access to their funds.

Looking ahead, he says, “Volatility is going to be key, be prepared, stay liquid.”

He also recommends farmers stay away from short-term debts if possible.