Producers expect farmland values to improve over the next five years, according to the latest Purdue University/CME Group Ag Economy Barometer.
Jim Mintert is the director of the Purdue Center for Commercial Agriculture.
“To bring some context to that, if you go back to the post-World War II era, there’s only been a couple of times when farmland values declined over a five-year time frame,” he says. “In other words, there is a long-term tendency for farmland values to rise over long periods of time.”
He tells Brownfield farmer sentiment dipped during the beginning months of the coronavirus pandemic but rebounded in June.
