Cropland Value Higher and Ag Economy Barometer Rises
**Export rules have been streamlined to help more California plums reach buyers in Japan.
Caroline Stringer of the California Fresh Fruit Association says multiple rounds of negotiations have refined protocols for fruit entering the Japanese market.
While she doesn’t expect an export spike this year, she said the new rules will expand market opportunities over time.
The California plum harvest wraps up in October.
**For 2021, USDA reports the value of the nation’s cropland is $4,420, up nearly 8%, from 2020, and marking a record high in cropland values.
According to www.agweb.com, the value of U.S. cropland had hovered around $4,000 since 2014.
The U.S. PASTURE value averaged $1,480 per acre, up 5.7% from 2020.
Overall farm real estate value, the value of all land and buildings on farms, averaged $3,380 per acre for 2021, up 7% from 2020.
**The Purdue University/CME Group Ag Economy Barometer improved in August, up 4 points to a reading of 138.
The modest rise was attributable to improvements in both of the barometer‘s sub-indices. The Index of Current Conditions rose 9 points to 152, and the Index of Future Expectations rose 2 points to 132.
The Ag Economy Barometer is calculated each month from 400 U.S. agricultural producers’ survey responses. This month’s survey was conducted August 23-27.