The Kansas City Federal Reserve released its latest Ag Survey, which showed land values in 2018 were resilient. However, there are concerns over a possible tipping point in 2019, as increased interest rates could temper demand.
Alan Hoskins is president, CEO of American Farm Mortgage and Legence Bank. He said it's demand helping to hold land values steady today.
"There's still more demand than supply in land, and also we've seen long-term interest rates actually trend down," said Hoskins. "It's still a really good opportunity for people looking at land to lock-in some attractive rates on a long-term basis."
Can that hold in 2019? You can listen to the full interview in the video above.