Farmers are relatively optimistic about farmland values despite uncertainty about future increases, according to the latest Ag Economy Barometer.

Jim Mintert is the director of the Purdue Center for Commercial Agriculture.

“Farmers are looking at the tremendous increase in values that have already taken place in the last 12 months, for example, and then asking themselves how much higher farmland could go,” he says.

The Short-term Farmland Value Expectation Index declined to 153 and the Long-Term Farmland Value Expectation Index fell to 152.

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