Farmland values seem to be leveling off.
Compeer Financial VP of appraisal Mike Morris says there were some modest increases in the Midwest the first three months of the year.
“Maybe a couple percent in Illinois and three and-a-half to four percent in Minnesota and Wisconsin. But the trend really kind of back to November seems to be stable to a slight increase.”
He tells Brownfield some values are trending slightly lower, but points out this is not a strong season for cropland sales.
