Expectations for farmland values are steady as concerns about interest rates continue – Voice Of Muscatine

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.

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