An ag economist is cautioning farmers from overspending on farmland in 2022.

The University of Missouri’s Ray Massey tells Brownfield he’s bullish on farmland values in the near-term.

“Given the money that’s available out there in farmer’s hand’s and investor’s hand’s, current interest rates still being quite low there’s quite a bit of indication that land prices may rise,” Massey said.

And he said high grain prices could push some to overcommit on land purchases.

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