Producers Bullish About Farmland Values Amid Strong Current Conditions

February’s Ag Economy Barometer changed very little compared to January, down 2 points to a reading of 165. Ongoing strength in ag commodity prices and farm income continue to support producers’ perspective on current conditions while concerns about possible policy changes affecting agriculture and eroding confidence in future growth in ag trade continue to weigh on producers’ future expectations. This month’s survey was conducted from February 15-19, 2021. Purdue ag economist James Mintert breaks down the results in the February 2021 Ag Economy Barometer survey, a nationwide monthly survey of 400 ag producers. The full report is available at https://purdue.ag/agbarometer​​.