Ag producers are slightly more optimistic farmland values will improve in the next five years, according to the latest Purdue University/CME Group Ag Economy Barometer.
Jim Mintert is the survey’s principal investigator and director of Purdue’s Center for Commercial Agriculture.
“There’s more optimism in that long-term outlook than there is in the short-run, which isn’t too surprising,” he says. “Particularly when you look at it from a long-term perspective, look at a long-data series of farmland values, those values over long periods of times do tend to go up.
