Source: Purdue University

Much of the U.S. economy has been slow to recover from the recession. That hasn't been true of farmland markets, which have continued to climb, a group of Purdue University agricultural economists says.

Strong crop returns, very low interest rates and a growing expectation that both might continue have had a positive influence on farmland values, said Mike Boehlje, Chris Hurt and Brent Gloy.

"Even while some residential and commercial real estate values have been falling, that has not been the case for farm real estate," Boehlje said. "Instead, we've seen some high prices for farmland in recent months, even exceeding $10,000 an acre in some extreme cases."

Original news release