The rising price of farmland in Kentucky continues to slow down, according to a study by Farmers National Bank, which has 12 branches in the commonwealth. Paul Schadegg is a senior vice president for Farmers National Bank. He said record prices for agricultural land in 2020 and 2021 began to level off in the last half of last year – a trend that continued the first six months of this year.
“Overall, when we look at that, that graph, it's been a steady increase in value over long periods of time. So for a producer, especially where they typically own land, that's an asset that keeps growing for them.”
