AgriBank’s CEO Talks About Farmland Values
At the National NAFB Convention in Kansas City, we had the great pleasure to chat with AgriBank's Chief Executive Officer. Here's Bill York of St. Paul, MN.
We opened with a big topic. We talked about farmland values.
Bill says: 'We've seen a strong run up in farmland values over recent years due to strong commodity prices and low interest rates.'
Also pointing out that : 'We are now seeing that strong trend moderate.' 'We expect to see a small increase this year and then stabalize in the near future.'
I also asked Bill how international ag trends are affecting the American farmer. Bill's answer included saying that: 'As we've increased our production, American farmers are more dependent on markets outside this country.'
We went on to discuss feeding a growing world population.