US farmland escapes housing slump as prices soar to record highs

Buying a property in rural America has never been so expensive. And that despite rising interest rates.

Soaring commodity prices mean farmers have earned record amounts this year, sparking a rush for planting space in 2023. Demand is rising just as people fled to the countryside during the pandemic, with non-metropolitan areas growing faster than urban ones and investors turning to fields as a hedge against inflation.

https://www.independent.ie/business/farming/farm-property/us-farmland-escapes-real-estate-slump-as-prices-soar-to-record-42237515.html US farmland escapes housing slump as prices soar to record highs

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