Producers are less bullish about future farmland values than a year ago, according to the latest Purdue University/CME Group Ag Economy Barometer.
Jim Mintert is the director of the Purdue Center for Commercial Agriculture.
“We’re starting to pick up some evidence of people being a little bit concerned that maybe we’ve seen farmland values rise pretty rapidly,” he says. “Another way of looking at that is to look at the actual raw responses to the question about what farmers think is going to happen to farmland values over the next five years.
