Search Site   
Current News Stories
War with Iran causing concerns for fertilizer pricing of urea
Increase in dairy cow inventory leads to raising 2025 milk estimates
Kevin McMath and his John Deere man cave
March 20 is spring equinox and typically wettest day of the week
Round barns dwindling from rural landscapes
Forestry camp for middle school students offered in West Tennessee
Kentucky farmer turns one-time tobacco plot into gourd patch
Look at field residue as treasure rather than as trash to get rid of
Kentucky farm wins prestigious environmental stewardship award
APHIS awards $100 million for 58 projects in the fight against HPAI
Ohio State’s Fayette County Extension office hosted ag practices training session
   
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