What to Expect From 2023 Farmland Values?
“We may see some slowdown, but we’re definitely seeing some stabilization in the rapid increase of farmland values from 2021 to 2022. Because the supply of available farmland for purchase is still at record-low levels, those values are still holding strong right now,” stated President of National Land Realty Jason Burbage regarding 2023 farmland values during his interview with RFD-TV last week.
Jason went on the describe the impact of factors like drought, the war in Ukraine, and the impending natural gas shortage on 2023 farmland values in the U.S. He also speaks to the importance of creating a contingency plan in times of economic uncertainty.