The chief appraiser for Compeer Financial does not expect farmland values to weaken next year.

Mike Morris says that’s because commodity prices should remain high.

“We’ll see at least a stabilization, if not an increase in values.”

He tells Brownfield there’s still a lot of momentum despite more farmland coming on the market.

“And with outside money coming in (and) a lot of local farmer interest in expansion, I think that could continue.”

He says at some point commodity prices will slide, but until then farmland values will be well supported.

…