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Farmers are less optimistic about short term farmland values

Farmers who participated in the latest Purdue University/CME Group Ag Economy Barometer are less optimistic about farmland values.

Jim Mintert with Purdue’s Center for Commercial Agriculture tells Brownfield…

“We still have more people telling us that they think farmland is going to go up in value over the next 12 months than think it’s going to go down,” he says. “This month more people think farmland values are going to go down, but not by a lot.”

He says producers in this month’s survey expect land values to drop in 2025.

“We have really lost a lot of the confidence that we had that farmland values are going to continue to increase, especially here in the short run,” he says.

The Purdue University/CME Group Ag Economy Barometer is a nationwide measure of the health of the U.S. agricultural economy and surveys 400 agricultural producers on economic sentiment each month.

Graphic provided by Purdue’s Center for Commerical Agriculture.