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January 31, 2022
The annual land value report issued by Purdue University in the summer provides a good graphic representation of the reasons that drove land prices higher in the grain belt throughout 2021. The gray bars for 2021 for each of the ten underlying factors influencing land values showed vastly more strength than the previous two years. All ten influencing factors were positive with some being especially strong which explains most of the reasons why land prices escalated during the year. The land market was hitting on all ten cylinders!
The strength or weakness of these ten influencing factors during 2022 will determine the direction of the land market in 2022.
Graphic Source: Purdue Agricultural Economics Report "Indiana Farmland Prices Hit New Record Highs in 2021" authored by Todd H. Kuethe and issued July 27, 2021.
Senior Vice President - Real Estate Operations
|Category: Agricultural Real Estate News|