Ag producers are more optimistic about short- and long-term farmland values, according to the latest Purdue University/CME Group Ag Economy Baromter.
Purdue’s Jim Mintert tells Brownfield “commodity prices have caused people to think farmland prices have some more upside left. When you look at the auction results from this winter, the auctions have been very strong with a number of auctions basically setting record highs. So, people are still pretty optimistic about farmland values.”
The Long-Term Farmland Value Expectation Index, a five-year outlook, rose nine points to a reading of 154.
