The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
Paul is now part of the fourth generation in America that is involved in farming and hopes the next generation will be involved also. Through his blog he provides analysis and insight to farmer tax questions.
Creighton University produces a monthly index called the Rural Mainsteet Index (RMI) indicating the overall economy for several rural states in the Midwest and Mountain states. The May Index was recently released and I thought this month I would recap the index for each of the states covered.
Any value greater than 50 indicates economic growth. The Index values by state are as follows:
Many of the states farmland indexes appear to be having more swings both up and down versus a more sustained increase in several previous months. Are we seeing a crest in land prices (leading to a dip) or is this just the start of the next wave. We shall see.
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