Farmers National Company released its biannual Regional Land Value Report which found 2022 brought record sales and overall increases in land values across the nation. Farmers National Company Senior Vice President of Real Estate Operations Paul Schadegg says the build-up in land values started in 2021. “The momentum of the ag. land market in 2021 carried into 2022. And the second quarter of 2022 still had double digit increases.” As interest rates and inflation drive up the cost of inputs, pressure also increases on farmland values. “Commodity markets, the limited amount of land offered, and inflation have the biggest impacts on the land market.”
