Farmers could see a leveling off in farmland values and cash rents — and even declines in coming years — if farm profit margins remain tight or negative.
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Farmland values increase at slower rate with tighter profits
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Tighter profit margins and higher interest rates have caused some of the slowdown in farmland values, although demand for farmland generally remains strong.
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Trent Ford is the Illinois State Climatologist and has been with the Prairie Research Institute at the University of Illinois since 2019.
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