Rural Mainstreet Index Shows Record-High Farmland Values

Farm land values continue to climb, having a positive effect on Creighton University’s Rural Mainstreet Index. This index is a monthly survey that started in 2005 and targets bank CEOs in rural areas depending on agriculture or energy.

The November index rose to 67.7, up 1.6 from October’s index. Between 0 and 100, an index score of 50 represents neutral growth. The increase comes from a combined effect of solid grain prices, record-low interest rates and increased exports. A record high of 85.5, October’s farmland price index continues to climb along with historic land values. Other strong index values lie with farm equipment at 62.1 and new hiring at 67.7. The populations the survey targets average 1,300 residents per community.

Read more on the Rural Mainstreet Index.