October 1, 2020
Wendong Zhang, assistant professor, was quoted in a Sept. 30 Star Tribune story, "Farmland prices holding steady, maybe even ticking upward in Minnesota."
"Although we are seeing major swings in the commodity markets, the agricultural land market is still surprisingly stable," said Wendong Zhang, an extension economist at Iowa State University.
A survey of ag lenders, farm managers, Realtors and appraisers conducted by Zhang earlier in the summer showed some of the people most interested in farmland prices expected a slight decline before November, but for the cost of an acre of ground to start rising again in 2021.