An ag economist says the way inflation has impacted farmland values could shift in 2023.

Matt Erickson with Farm Credit Services of America tells Brownfield when the fed raised interest rates to curb inflation, it boosted investments in farmland.

“Buyers want to go to a safe investment and when you look at the stock market, it has been extremely volatile on the global scale and domestically. So, buyers are going to farmland -what has been basically a hedge towards inflation.”

He says 2022 has been all about reacting to what the fed is going to do.

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