| trac8100 - 8/17/2023 00:09 A CD does appreciate over time. Farmland does.
Farmland has (past tense) appreciated over time in a marketplace that featured (long term) falling interest rates for nearly 40 years.
It might be a rough go for a while finding appreciation from $20k+ in a marketplace that features higher interest rates.
I was recently told of a MN land auction that had 4 people show up and only 1 person bid. Sellers "no sale" the auction and later sold it privately to the one bidder for much less than previous sales had been for similar land a year ago. This was on good farmland in southern MN, not junk.
I wouldn't go as far as to say the top is in, but it could be for a while.
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