The Chicago Fed says farmland values increased 10 percent in the first quarter, but the rate of increase is softening.

Policy advisor David Oppedahl tells Brownfield higher incomes, outside investors, and a desire to expand has kept the market strong for several years.

“This is the smallest increase in eight quarters now, so even at 10 percent, a double-digit increase, it’s kind of funny to think of that as smaller than the more recent ones, but it just gives you a sense of how strong the farmland market has been,” he shares.

…