Appraiser expects farmland values to remain strong in 2022

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.