The Outlook for Farmland Values amid Higher Interest Rates

Cortney Cowley and Nathan Kauffman

Economic Bulletin, 2019, issue April 10, 2019, 3

Abstract: In 2018, the spread between returns to farmland owners and benchmark interest rates narrowed to its lowest level in more than a decade in the Tenth Federal Reserve District. At the same time, farmland sales increased in some states for the first time in several years. Together, the reduced spread and indications of increased sales in some regions suggest the potential for lower farmland values moving forward.

Keywords: Farmland; Interest Rates; Agriculture (search for similar items in EconPapers)
JEL-codes: Q10 Q14 (search for similar items in EconPapers)
Date: 2019
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