Producers Bullish About Farmland Values Amid Strong Conditions

By James Mintert and Michael Langemeier, Purdue University Ag Economists

February’s Ag Economy Barometer reading of 165 changed little compared to January when the index stood at 167. Producers continue to report strong current conditions on their farms as February’s Current Conditions Index value of 200 is near its all-time high. Continuing a trend that got underway last fall, however, the Index of Future Expectations drifted lower to a reading of 148, 3 points below its January reading.

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