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| Best of NAMA 2026 |
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KC FED: FARM REAL ESTATE VALUES CONTINUE RAPID CLIMB
Feb. 25, 2022
Source: Federal Reserve Bank of Kansas City
Agricultural real estate values continued to increase at a rapid pace across farm country through the end of 2021. The increase in the value of farmland has accelerated in recent quarters alongside elevated commodity prices that have boosted profit opportunities and supported broad strength in the U.S. farm economy.
Adding support to agricultural real estate markets, farm finances and credit conditions have improved drastically from recent years and interest rates on farm loans remained near historic lows.
The outlook for agricultural credit conditions remained strong looking out to the year ahead. Elevated commodity prices and robust support from government aid programs throughout the pandemic have supported rapid improvement in farm income and credit conditions.
Despite concerns about the impact of higher input costs and intensifying drought in some regions, markets for most major commodities remained strong and producers throughout the agricultural sector were poised for sound profit opportunities in 2022.
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