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.
