News

Rural Mainstreet Index: farmland prices dropping

Bankers surveyed for the Rural Mainstreet Index estimate farmland prices dropped four-percent over the last year, on average. They expect farmland prices to keep falling over the next 12 months by another three-percent.

About 20% of bank CEOs expect low farm income and falling prices for farmland to the biggest challenges to banking operations over the next five years. Bankers say there’s still strong demand for loans from farmers.