INDIANOLA, Iowa (DTN) — Despite rising interest rates and higher input costs, the farmland market across the Midwest remains strong, although not quite as robust as last fall.
“You can still have a record land sale, but not every sale will set a record,” said Doug Hensley, president of Hertz Real Estate Services based in Nevada, Iowa. “The land market is not backing off, but it is going up at a slower pace than last year, and in some places, it is leveling off.”
Paul Schadegg, senior vice president of real estate for Farmers National Company in Omaha, concurred. “About the time we say we’ve seen our last record sale, another one pops up,” said Schadegg.
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