Banker survey shows that farmland prices are expected to drop in Wyoming

A new survey from Rural Mainstreet shows that on average, bank CEO’s in the Midwest and Rockies estimate that farmland prices have declined by 4 percent over the last year.

They also say they expect farmland prices to continue falling, by an estimated 3.2 percent over the next 12 months.

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Creighton University economist Ernie Goss tells the Associated Press the survey is showing that the farm sector is being weakened by negative impacts of tariffs and low agriculture commodity prices.

Bankers that participated in the survey were from Wyoming, Colorado, South Dakota, North Dakota, Nebraska, Missouri, Minnesota, Kansas, Iowa, and Illinois.

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