Minding Ag's Business
Marcia Zarley Taylor DTN Executive Editor
Thu Feb 19, 2015 11:21 AM CST

Not all farmland surveys are created equal. Unfortunately, the disparities between them could become more apparent now that land values seems poised to reverse some of the triple-digit gains they have accumulated since 2000, points out Mykel Taylor, a Kansas State University economist.

Taylor and her K State colleagues found that farmer "hunches" about farmland markets weren't very accurate during corn's peak run-up years like 2012 and 2013. But USDA's farmer opinion surveys are one of the most widely used guides to farmland trends in many states. The problem is Taylor suspects such hunches could lag reality on the way ...

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