The vice president of appraisal for Compeer Financial says lower quality farmland is more than holding its own.
Mike Morris tells Brownfield land values in general have been surprisingly strong given several years of low commodity prices and depressed farm incomes.
“Kind of interestingly, the lower quality land in some cases, if it has a recreational component, is holding steady to increasing a little bit.”
He says Compeer has a recreational benchmark, and it has gone up significantly this year.