Midwest Farmland Values Continue to Grow in 1Q

By: Associated Press
By: Associated Press

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.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KOLN-TV Call: (402) 467-4321 Toll-free: 1-800-475-1011 840 North 40th Lincoln, NE 68503 Email: info@1011now.com KGIN-TV Call: (308) 382-6100 123 N Locust Street Grand Island, NE 68802 Email: kgin@1011now.com KSNB-TV Toll free 888-475-1011 123 N. Locust St. Grand Island, NE 68802 Email : ksnb@1011now.com
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 151548125