Farmland Values Aren’t Slowing Down

Economist Ernie Goss with Creighton University says farmland values have not reached their peak. “We’re seeing farmland prices go for as much as $25,000 an acre.”

Goss says the farm economy is strong, “We’re probably going to continue to see farmland prices grow. Not only are farmers paying more for farmland, but they are also buying new equipment and that’s a good thing for the rural communities out there.”

The latest Creighton Rural Mainstreet Index shows farmland prices have advanced for 29 straight months.

EDITOR’S TAKE:

Another expert who confirms the financial strength of the agricultural economy. Amidst all the confusion in the general economy resulting from high inflation and escalating interest rates, agriculture remains one of the true bright spots going into 2023. This is precisely why we continue to urge all CAD members to take full advantage of the benefits available through your membership. AgPack® is a perfect way to help farmers and ranchers keep their cost lower by utilizing the thousands of dollars in exclusive rebates and discounts from our outstanding team of partners. Also, as a CAD member, you can list your inventory on AgTruckTrader.com at no additional cost – it’s included in your membership – which specifically targets farmers and ranchers, a prime audience for what you have to offer.