While land values often follow the fundamentals, that has not been the case lately. “You look at commodity prices, interest rates and what has happened in the last 12-18 months and they have kind of defied that,” said Kyle Nelson, Farmers National Company. “You can point to the stability and even strength that we’ve seen in the last year because there’s a little more confidence as opposed to ten years ago when we had the last cycle.” Nelson expects land values to remain steady overall in the short term.
