World Ag Expo a Hit and Farmland Values Go Higher
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.
**Tens of thousands of visitors descended on Tulare County last week as the World Ag Expo reopened to in-person attendance after being virtual last year due to the pandemic.
The expo featured 2.6 million square feet of exhibit space that brimmed with new ag technology, including robotics, artificial intelligence and low-emission farm vehicles.
The event featured more than 1,200 exhibitors with many
demonstrations, tours and seminars.
**Farmland values continued to increase through the end of 2021.
Even with uncertainty around input costs, lenders expect favorable economic conditions to support farm finances and lead to further gains in farmland values in 2022.
The possibility of weaker ag income and higher interest rates remain risks for farmland markets.
Despite that, the ag sector appears to be well-positioned.
**For the seventh straight week, the nation's average gas price climbed, up 4.6 cents from a week ago to $3.47 per
gallon.
The national average is up 16.5 cents from a month ago and 97.2 cents per gallon higher than a year ago.
The national average price of DIESEL increased 8.9 cents from last week to $3.87 per gallon, the highest since 2014.
This as oil prices continue to push higher, reaching $94 per barrel over concerns about the possible threat that Russia may invade Ukraine.
