Posted by Nice on February 12, 2013 at 04:34:30 from (63.134.169.181):
In Reply to: Land Values posted by CKain on February 11, 2013 at 18:01:35:
Just went to a 2013 outlook meeting hosted by the county AG Extension, featured Purdue"s Ag Econ department. They are forecasting that farming will "plateau" in the next couple years. Meaning that its not going to crash, but level out. And they forecast that cash rent will average up 5% this year, 2% next and then 1% each for 2015/16. This leveling out would result in less profit, but bring back some stability to the corn market which would be nice. They were saying $6500 to $8000 on good Indiana land. I hope that it does level out, but we'll see...
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