Rising interest rates and sideways commodity markets have some thinking that farmland markets are beginning to plateau. “Even with all of the headwinds we have, we’re still seeing some pretty strong land values,” said Farmers National Company Vice President of Real Estate Operations Paul Shadegg. “With all of that said we’re definitely not seeing the increases that we’ve seen over the past couple of years.” Shadegg expects competition over prime farmland to continue. “Overall, I think we’re cresting that plateau and my anticipation is we’re not going to see things drop dramatically. I think we’re going to reset that new normal.”
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