From farmdoc daily: they look at the downward pressures on farmland prices in 2023. Both cash rents and farmland prices have increased over the years. Farming returns likely will decline from 2021 and 2022 levels and interest rates likely will remain at higher levels than in recent years. Both declining returns and stable interest rates suggest downward pressures on farmland prices. While downward pressures may occur, those price declines may be in the future.
