Producer sentiment about farmland values has shifted, according to the latest Purdue University/CME Group Ag Economy Barometer.
Jim Mintert, director of the Purdue Center for Commercial Agriculture, says although farmland value indices remain positive, sentiment has declined over the last year.
“If you look at the indices over the last year, you can see a decline in the indices, so people are less confident farmland values are going to go up in the next year and five years than they were a year ago,” he says.
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