Average value of farmland in several U.S. Midwest, Western states up more than 25% year-over-year in Q1 as farm income remains strong, Federal Reserve says

Andrew Rogers

Andrew Rogers

OMAHA, Nebraska , May 16, 2012 () –
The Federal Reserve says the average value of farmland in several Midwest and Western states grew more than 25 percent in the first quarter as farm income remained strong.

The Federal Reserve Bank of Kansas City., Mo., said Tuesday that higher crop prices and timely rains in the region helped farmers, so demand for cropland persisted.

The Federal Reserve says this new survey of 235 banks showed that irrigated land values grew more than 30 percent over last year’s first quarter. Non-irrigated land values grew 25 percent, and pasture values grew 16 percent.

The 10th Federal Reserve District covers Kansas, Nebraska, Oklahoma, Wyoming, Colorado, northern New Mexico and western Missouri.

AS-image © 2024 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Share:

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.