Farmers remain bullish on farmland values, according to the latest Purdue University/CME Group Ag Economy Barometer.
Jim Mintert is the director of the Purdue Center for Commercial Agriculture.
“Farmers remain very optimistic about farmland values,” he says. “That Short-Run Farmland Value Expectation Index was one point lower than last month and is basically sitting at a record high. That Long-Run Farmland value Expectation Index, which is based on a question that asks people to look out five years, set a record high this month when it rose 10 points to a reading of 158.”
The survey also asked farmers about their expectations for cash rental rates in 2022.
