Land values have increased steadily over the last year and an ag economist says Russia’s invasion into Ukraine could drive up land prices even more.
Nathan Kauffman with the Kansas City Federal Reserve says it will hinge on crop production in those two countries. “Ukraine and Russia are both large areas where crop land is used for production and (if) the issues we’re seeing now translate into more significant long-term questions about production.”
And, he tells Brownfield, demand could shift to the U.S.
