Strong Auction Sales Defy Market Expectations

Auction sales are seeing strong, sustained activity this winter. That’s especially true for land sales. “With interest rates the way they are and commodity prices where they are, land prices have been incredibly resilient,” reports Max Steffes, Steffes Group. “It’s a good market for a seller and as a farmer any time you get to buy land it’s a good thing.” Rising inventories are affecting farm equipment prices which Steffes says could lead to buying opportunities before the planting season starts.