Farmland Prices Continue Decline, Farm Borrowing Increasing

The latest Rural Mainstreet Index from Creighton University shows farmland prices are declining while farmer borrowing is growing. Released last week, the overall index for May increased to 12.5 from April’s record low 12.1, but down significantly from March’s weak 35.5. The index ranges between 0 and 100, with a reading of 50.0 representing growth neutral.