Peoples Company has released its fourth annual land values report with data broken into geographical regions across the U.S.

The No. 1 question farmers are asking Paul Schadegg today is whether land values have finally hit a plateau after their long, multi-year run of growth.

Some analysts predicted 2023 would be the year farmland prices would start to level off. That prediction hasn’t materialized the way many analysts expected, says Paul Schadegg, senior vice president for real estate operations at Farmers National Company.

According to Bruce Sherrick, professor at the University of Illinois, you might not need to worry about what inflation is doing to your farmland values.