U.S. farmland values will increase at a slower rate in the first half of 2013 because of the “dramatic” gains in 2012 and “looming macroeconomic worries,” according to a Rabobank International report.
Land values jumped in late 2011 and early in 2012, gaining more than projected by the bank, Sterling Liddell, a vice president of Rabobank’s food and agribusiness research and advisory, said today in an e-mailed statement. High commodity prices, low interest rates, rising rental rates and strong relative returns in agriculture signal that U.S. farmland will continue to be “an attractive investment,” said Liddell, who authored the report.
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