OMAHA, N.E.(KELO)- Farmland prices are on a long-term bull run, and observers wonder how long it can last.
Creighton University tracks that trend…which has been on the rise for more than four years.
Economist Dr. Ernie Goss says so far, farmers are still aggressively buying land.
Goss believes the trend may slow, but should continue to head higher.
2024 could be a tough year for regional farmers.
Many are facing drought again this year…a problem that magnifies the challenge of low commodity prices.
Regional bankers say that will make it tougher for farmers…many of whom are already struggling.
Many U-S trading partners are struggling through recession, which reduces their ability to buy U-S farm goods.