Farmland Values Currently Steady Economic Concerns- But Potential for Declines Exist

Recent news items from the Corn Belt point to several economic challenges facing producers as spring planting approaches.  Nonetheless, relatively steady farmland values continue to be a bright spot.  But a recent update from the Federal Reserve Bank of Kansas City noted that: “If farmland sales continue to increase in 2019 alongside persistently low agricultural commodity prices and higher interest rates, farmland values could decline further.”