Understanding Interest Rates’ Effect on Land Sales
Interest rates have jumped up again and they have impacted land sales. This is the latest in a series of interest rate increases that started in March of 2022 and it has resulted in a shock reaction within real estate markets. With interest rates hovering around zero for the past few years, these increases have created a confusing environment for land buyers and sellers.
Today, Mac Christian is talking with Jackson Takach, Chief Economist at The Federal Agricultural Mortage Corporation, or as you probably know it, Farmer Mac. This is the federal organization that serves as the secondary market for agricultural land owners to obtain loans. This also means we are talking with one of the most knowledgeable individuals in the United States on the topic of interest rate impact on land.