Strong Farmland Values to Continue into 2023

By: Successful Farming Staff

The land market momentum that began in late 2021 accelerated into 2022 and was driven by competition for high quality cropland, resulting in record sales and overall increases in land values across the country, according to Farmers National Company.

In most cases, landowners selling property experienced values never-before-seen for their farmland. The final results at these auctions set records in several states and have increased year-to-year values between 20% to 34% across Corn Belt states, according to the most recent report from the Kansas City Federal Reserve.