The price of farm real estate and cropland in Kansas has risen more than 10 percent in the past year. “There are many reasons for the current increase in farm real estate and cropland values, such as historically low-interest rates, improved farm economy, increased demand of farmland for urban use and other outside investments,” Dean Klahr, director of stockgrowers at Kansas Livestock Association, told The Center Square. While a good thing for some farmers, the situation puts a bit of a squeeze on those looking to expand or acquire more farmland. Klahr said if a farmer or rancher currently owns the land, an increase in the property valuation can improve the operation’s borrowing power by increasing the net worth of the operation. Increased net worth can also improve the farm’s financial position for the next generation, should the farm be passed on. Historical trends show land values tend to appreciate …
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