Farmland prices to be discussed via webinar

Thursday, December 23 2010

Farmland values, despite the economic forces that have hampered real estate values all over the country, continue to defy the odds. There has been a steady rise in farmland values, and a panel of Purdue University experts will discuss what factors are behind it during a free webinar, reports the Western Farm Press.

The online seminar will take place on January 10 from 1 p.m. to 2 p.m. EST. The event is sponsored by the Center for Commercial Agriculture at Purdue's Department of Agricultural Economics.

For those unable to view the program, they will be able to listen to the webinar by phone. The presentation will also be archived online for viewing at a later date.

On the panel for the webinar will be agricultural economists Mike Boehlje, Craig Dobbins, Brent Gloy and Chris Hurt, as well as Bruce Erickson, Purdue's director of cropping systems management.

Panelists won't attempt to predict the future, writes the news source, but they will discuss the forces driving prices higher and events that could affect prices negatively or positively in the future, such as farming incomes, interest rates, development potential and inflation.

According to the Globe Gazette in Iowa, farmland values have gone up at least 13 percent since October 2009. In the heart of American agriculture, Northern Iowa area farmland values have increased 11 percent, while farmland in the western part of the state have seen a 17 percent increase.