3 Factors Could Topple Farmland Values
Since hitting bottom in the early 1990s, the price of agricultural land has soared, rising 169% in real terms between 1994 and 2015, according to Erik Norland, executive director and senior economist of CME Group. “Moreover, agricultural land values were largely untouched by the financial crisis, experiencing only a small dip in 2009,” he says. Since 2015, however, farmland prices have gone sideways. Could they be in for a big decline in value? The answer depends on three factors, Norland says. Read the 3 Important Factors.
Farmland Values Normalize in Grain Belt States
The pace of farmland-value drops has ...