Farmland, News Desk

Chicago Fed Cites Surge in Midwest Land Prices

Agricultural land values in the Seventh Federal Reserve District jumped 12% in 2010, according to the Federal Reserve Bank of Chicago. The district encompasses key portions of America’s Corn Belt, including Illinois, Indiana, Iowa, Michigan, and Wisconsin. The increase was the second largest on record over the last three decades and was greatest in Iowa, where values soared a whopping 18 percent.

According to the Chicago Fed’s newsletter, “Slightly more than half of the respondents expected farmland values to keep rising during the January through March period of 2011.”

FOUR TIMES A YEAR
gricultural land values in the Seventh Federal
Reserve District jumped 12 percent in 2010,
according to the Federal Reserve Bank of Chicago.
The district encompasses key portions of America’s
Corn Belt, including Illinois, Indiana, Iowa, Michigan, and Wisconsin. The
increase was the second largest on record over the last three decades and
was greatest in Iowa, where values soared a whopping 18 percent. According
to the Chicago Fed’s agricultural newsletter, “Slightly more than half of the
respondents expected farmland values to keep rising during the January
through March period of 2011.” Read the Chicago Fed’s AgLetter HERE.VAL
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