The chief appraiser for Compeer Financial does not expect farmland values to weaken next year.
Mike Morris says that’s because commodity prices should remain high.
“We’ll see at least a stabilization, if not an increase in values.”
He tells Brownfield there’s still a lot of momentum despite more farmland coming on the market.
“And with outside money coming in (and) a lot of local farmer interest in expansion, I think that could continue.”
He says at some point commodity prices will slide, but until then farmland values will be well supported.