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The annual Purdue Farmland Value and Cash Rent survey was recently released, suggesting that farmland values across Indiana have risen to all-time highs in 2021.
Farmers weigh in on rising input prices and farmland values
Purdue University Center for Commercial Agriculture CME Group
The Purdue University/CME Group Ag Economy Barometer leveled off after two months of sharp declines, down just 3 points to a reading of 134 in July. Both producers’ sentiment regarding current and future conditions also dropped. The Index of Current Conditions was down 6 points to a reading of 143, primarily as a result of weakened principal crop prices. The Index of Future Expectations was down 2 points to a reading of 130. The Ag Economy Barometer is calculated each month from 400 U.S. agricultural producers’ responses to a telephone survey. This month’s survey was conducted July 19-23.