A farm real estate specialist says the farmland market continues to be strong despite high interest rates.
Tim Meyer (pictured above) is a site leader and realtor with Steffes Group.
“Operating rates have gone from 3.5% to 8%,” he said. “Ground has gone from 4% to 8%. That’s a big swing. If you’re talking $15,000 ground, it’s $600 more interest a year and that’s going to have an effect.