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Thursday, January 07, 2016

Indiana farmland value to decrease in 2016 | wlfi.com

Indiana farmland value to decrease in 2016 | wlfi.com: With higher interest rates set for 2016, coupled with record low crop yields during harvest season, Purdue Agriculture professor Craig Dobbins says farmland values are likely to decline five to 12 percent this year.

“Farmland, like any other land of real estate, means high interest rates are a negative influence,”�explained Dobbins. “If we do indeed see higher long-term interest rates, that’s going to be another negative item.”