Some of the biggest, longest-running questions in Upper Midwest agriculture involve soaring land values: Have farmland prices peaked? If not, when will they?
My guess is, they’re at their peak right now. It’s difficult to believe that the amazing combination of high crop prices, good yields and low interest rates, which has pushed up land prices, will continue.
If you disagree, if you think land prices will continue to increase, drop me a line and tell me why.
I’ll also pass along a link to an analysis by Andrew Swenson, a North Dakota State University University Extension Service economist who tracks land prices. He explains in the analysis why he thinks land prices have likely peaked in North Dakota.
Here’s the link: