Inflation has affected nearly every aspect of production agriculture, including land prices, machinery, fertilizer, and other inputs. NDSU Ag Finance Specialist Bryon Parman expects land prices to eventually decline due to the higher interest rates. “I wouldn’t be shocked to see 8.5 percent interest heading into the spring on most consumer loans,” said Parmon. “With the interest rationing higher, there’s bound to be an impact on land values.” Farm equipment values may waver. “We see used (equipment) prices ebb and flow depending on the demand of new machinery.”
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