National Ag News
Slightly lower cropland values forecast
Aug 4, 2017, 11:20 AM
by
System
An extension educator says cropland values in the Eastern Corn Belt are decreasing modestly.
Barry Ward with Ohio State University tells Brownfield their recent survey of cropland values estimates the cost of average production land to decline about five percent to $7,300 with two main drivers supporting the market. “We haven’t seen strong increases in interest rates which has, I think, really allowed the land markets to continue to find strength, net worths are still reasonably good.”
He says land price swings in the Eastern Corn Belt are typically slower compared to parts of the Western Corn Belt like Iowa or Illinois.
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