Search Site   
Current News Stories
The Temecula Valley Historical Society story
Foraged & Sown: Booming business born on one-tenth acre
Mule helps scientist build clearest horse, donkey genomes yet
Grain handling equipment loaded up bids at Kaufman auction
Book offers tips to dog owners to help their pups thrive
Hearty campfire meal better option than fancy city dining experience
AI is reshaping American food and ag, but federal policy lags behind
Indiana farmland values remain stable despite regional differences
Illinois looking for buyer of closed Tyson Food beef facility
Truck and tractor show raises money for Ross FFA chapter
EPA exempts 29 small refineries under 2025 RFS program
   
News Articles
Search News  
   
Strong rural economy drives farmland prices and equipment sales higher
 
OMAHA, Neb. (AP) – The strength of the economy in rural parts of 10 Plains and Western states continues to drive farmland prices and farm equipment sales higher, according to a new monthly survey of bankers in the region.
The overall economic index for the region grew to 61.5 in February from January’s 61.1. Any score above 50 suggests a growing economy, while a score below 50 suggests a shrinking economy.
Creighton University economist Ernie Goss, who oversees the survey, said that on average the bankers expect corn and soybean prices to slip over the next six months, which would hurt the rural economy.
But for now, farmland prices and farm equipment sales continue growing. The farmland price index dipped in February but remained at a high level of 78.8. That’s down from 88.5 last month.
The farm equipment sales index also remained high at 72 in February even though it slipped from January’s 72.4.
Bankers from Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming were surveyed.

3/21/2022