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Sunday, October 24, 2021

SURVEY: Farmland prices continue to decline

A new survey says farmland prices are expected to continue their decline in parts of 10 Plains and Western states.

The latest Rural Mainstreet survey shows that on average, bank CEOs in the region estimated farmland prices declined by 4 percent over the past 12 months. They expect farmland prices to fall by another 3.2 percent over the next 12 months.

Creighton University economist Ernie Goss says the survey also shows the farm sector is being weakened by negative impacts of tariffs and low agriculture commodity prices.

The overall economic index for the region increased slightly to 54.3 from 51.5 in September. That score still suggests growth because it is above 50, while any score below 50 indicates a shrinking economy.

Bankers from Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota and Wyoming were surveyed.

Derek Nesterhttps://sunflowerstateradio.com
Derek Nester was born and raised in Blue Rapids and graduated from Valley Heights High School in 2000. He attended Cowley College in Arkansas City and Johnson County Community College in Overland Park studying Journalism & Media Communications. In 2002 Derek joined Taylor Communications, Inc. in Salina, Kansas working in digital media for 550 AM KFRM and 100.9 FM KCLY. Following that stop, he joined Dierking Communications, Inc. stations KNDY AM & FM as a board operator and fill-in sports play-by-play announcer. Starting in 2005 Derek joined the Kansas City Chiefs Radio Network as a Studio Coordinator at 101 The Fox in Kansas City, a role he would serve for 15 years culminating in the Super Bowl LIV Championship game broadcast. In 2021 he moved to Audacy, formerly known as Entercom Communications, Inc. and 106.5 The Wolf and 610 Sports Radio, the new flagship stations of the Kansas City Chiefs Radio Network, the largest radio network in the NFL. Through all of this, Derek continues to serve as the Digital Media Director for Sunflower State Radio, the digital and social media operations of Dierking Communications, Inc. and the 6 radio stations it owns and operates across Kansas.

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