Farmland values are expected to be similar or greater than recent gains, according to a recent Farm Journal Pulse.
For the past several years, the farmland values have steadily chugged upward. In fact, USDA said in 2012 that farm real estate values increased nearly 11% from 2011. So, what will be the trend this year?
A recent Farm Journal Pulse asked: What are your expectations for farmland values during 2013?
Here’s a breakdown of the results:
- Increase: 34%
- Decrease: 18%
- Stay the same: 48%
Almost half of the 1,500 respondents expect farmland values to stay the same, while 34% expect them to increase. Less than 20% expect values to decrease.
Click the map below to see how people responded:
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