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Southern Minnesota farmland market “stable”

A certified appraiser calls the southern Minnesota farmland market mostly stable.

Ted Brenny with Compeer Financial says values are off the highs of 2022 and 2023.

“Markets have been more flat. As always, you hear of some higher sales out there, and there’s also been some no-sales too.”

He tells Brownfield the location of farmland continues to be a significant factor.

“If a chunk of farm ground is right next to theirs and they’ve been waiting to buy that for the last 15 years, so when you hear of sometimes the higher auction sales or something like that it’s because there’s almost outside personal influence that those buyers bring into it of why they want it so much more aggressively than maybe some other piece of ground.”

Brenny covers an area that extends from just beyond the Twin Cities Metro down to the Iowa border.

Brenny made these comments during an upcoming Compeer Appraisal podcast, a content partnership between Brownfield and Compeer Financial.