Expectations for farmland values are steady as concerns about interest rates continue

Farmland values have held steady in recent months despite rising interest rates.

Ag economist Jim Mintert with Purdue University’s Center for Commercial Agriculture says the latest Purdue/CME Group Ag Economy Barometer looked at both short and long-term expectations for land values.  He says near-term expectations have been steady in recent months.  “But, if you look at that index over time, you can tell the people are less optimistic than they were,” he says.

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Expectations for farmland values are steady as concerns about interest rates continue