Printing money has been a factor in those rising land values. Sherrick pointed to trade-aid payments under the Trump administration, followed by pandemic payments. Commodity prices were then boosted as world trade recovered from COVID. The war in Ukraine then added to the price increases for commodities, Sherrick said.
“We had all of these things that added to the farmers’ ability to buy their neighbors’ land,” he said.
Farm income is coming down from highs in 2022, but Sherrick noted, “It’s going to be down from a record, but it’s not going to be low.”
Farm programs will remain, and more investment will come into agricultural land through wind, solar, carbon pipelines, carbon-credit payments and other green investments that…
