A farm real estate specialist says farmland prices remain firm and are showing no signs of slowing down.
Mark Stock, co-founder of BigIron Auctions and Realty, says ag land values have increased this fall despite higher interest rates. “The real good quality soil types, the values are up anywhere from 9-to-11%. We’ve seen some of the marginal lands stay flat, maybe just a little one or two or three percent dip.”
Speaking to Brownfield at the 2023 National Association of Farm Broadcasting Convention in Kansas City, he says demand has been strong.
