An ag economist says high interest rates may not have a major impact on the demand for farmland heading into 2023.
Nathan Kauffman is with the Kanas City Federal Reserve Bank. “Normally, what we would expect when we see high interest rates is that it could push back on the sentiment on farmland, but there have been lots of other aspects for related to uncertainty that, I think, makes farmland an attractive investment for some.”
Kauffman says the war in Ukraine and strong farm income are influencing demand.
