News Desk

Midwest Cropland Pulls Back Three Percent

MidwestFarmland_lg
The Chicago Fed reports that farmland values in the Seventh District retreated three percent last year, matching the yearly decrease for 2014 and marking the first consecutive annual decline since the late 1980s. According to the district’s agricultural newsletter, which was prepared by Senior Business Economist David Oppedahl from responses submitted by representatives of 199 agricultural banks, the decrease in Corn Belt values was 7.5 percent from their peak in 2013 to the end of 2015. Although agricultural land values fell again in 2015, the total corn harvest in the five states that comprise the Seventh District was the third largest ever; the soybean harvest was an all-time record, besting the record-setting harvest of 2014. The Seventh District includes all of Iowa, the northern portions of Illinois and Indiana, the southern portion of Wisconsin, and the Lower Peninsula of Michigan. Read more HERE.

RELATED ARTICLES

Landowners

Red Emmerson Becomes America’s Largest Landowner

With the acquisition of Seneca Jones Timber, Sierra Pacific Industries becomes America’s largest private landowner with 2.33 million acres of timberland in California, Oregon, and Washington.

The Land Report Default Featured Image
News Desk

$35 Million Wyoming Ranch Sells in Eight Days

A 233-acre Jackson Hole Ranch that was listed …

Print & Gift
Subscriptions Available
Please sign me up to receive breaking news and updates from The Land Report: