Lower commodity prices and high interest rates weighing on farmland market

Lower commodity prices and high interest rates weighing on farmland market

Lower commodity prices and high interest rates are weighing on farmland across the Midwest.

Compeer Financial certified appraiser Jeremy Fluegge covers four counties in south-central Minnesota says most sales have been flat to slightly lower in recent months.

“I’d say the two main drivers for the market are lower crop prices and higher interest rates.”

He tells Brownfield new crop corn and soybean prices are considerably lower compared to a year ago.

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