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Southwest Minnesota farmland values level off after huge runup

A certified appraiser with Compeer Financial says farmland values in southwest Minnesota have risen nearly 40 percent in four years.

Rachel Daberkow tells Brownfield one way the farm credit cooperative tracks the market is by using a benchmark property located in the southwest corner of the state.

“And since 2020, we’ve actually seen about a 30 to 40 percent increase in land values.”

She says recent sales indicate relative stability in the farmland prices.

“There is potentially a very small decrease, but there (aren’t) enough land sales happening to say that really is the case. I would classify it as a stable market in the last year.”

Daberkow says there has been investor interest, but most of the farms are being purchased by farmers.

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