In the October 5, 2023 article from Successful Farming senior economist, Cortney Cowley of the Kansas City Federal Reserve, explains that “farm profit margins were expected to be thinner this year because of lower commodity prices and higher expenses.” According to recent surveys, there are some signs of softening in values, despite farmland values being higher than expected given the current interest rates environment. “A steady supply of land sales and strong demand from farmers has likely supported broad resiliency of real estate values.”
