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Shining Light on Farm & Food Policy for 20 Years.
Tuesday, November 19, 2024
Once-soaring land values appear to be softening in some parts of the U.S., a trend some rural bankers expect to continue as weaker-than-normal commodity prices and high input costs weigh on farmers’ bottom lines.
Creighton University’s March Rural Mainstreet Index reading slipped to a negative value as bankers encouraged interest rate hikes and farmland values remained elevated.
Farmland values are maintaining their strength, and loan volumes are declining, but economic growth in rural parts of the Midwest and northern Plains remains slow, according to Creighton University's Rural Mainstreet Index.
