Farmers are slightly more optimistic farmland values will improve in the next 12 months, according to the latest Purdue University/CME Group Ag Economy Barometer.
Jim Mintert, the survey’s principal investigator, says the short-term farmland value expectations index increased for the first time in five months.
“Some of that was probably an improved perspective with respect to their own farm’s outlook, but I think part of it probably tied back to interest rates,” he says.
