(NAFB) The recent Purdue University/CME Group Ag Economy Barometer showed a clear divide in how farmland values are predicted to move and what that means for decision-making on U.S. farms. Michael Langemeier, the director of the Center for Commercial Agriculture at Purdue University, said while the overall sentiment is relatively stable despite economic challenges, there are some interesting numbers below the surface.
The Barometer showed that land value expectations are closely tied to the overall expectations for a farm’s business. It also shows a sharp difference in farm investment behaviors.
Farmer opinions also differ on what’s driving the farmland value market.
Again, that’s Michael Langemeier of Purdue University.
