Land Values and Cash Rents Hold Up Even as Farm Income Slides… For the Moment
I’m worried about farmland prices if real interest rates stay higher for longer and crop prices drift back down to pre-Covid levels (i.e. corn sub-$4.00, soybeans sub-$10, wheat sub-$6). I’m not saying this will happen for certain, but if it does I have to imagine it heavily weighs on farmland prices. The good news (perhaps …
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