Farmland values in North Dakota, Minnesota and Wisconsin increased 1.2 percent over the past six months and are up 4.2 percent from a year ago, according to the latest farm real estate benchmarking study from AgCountry Farm Credit Services, Farm Credit Services of America and Frontier Farm Credit. AgCountry Executive Vice President of Business Development Mark Vetter said the market remains stable despite fewer land sales. “I would characterize the market as a little bit thinner when I look at all three states today,” said Vetter. Producers continue to have strong balance sheets, allowing them to focus on long-term investments rather than short-term market conditions. “These land purchase decisions are not about today; they’re about the long-term outlook in agriculture.” AgCountry Farm Credit Services, Farm Credit Services of America, and Frontier Farm Credit Services conduct the farm real estate benchmarking study every six months. Listen to the RRFN interview.
