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Midwest Agriculture Conference: Who Owns Midwest Farmland? And Why?

Tuesday, November 28, 2023
9:00 a.m. to 3:00 p.m. CT
Registration cost: In person – $40 | Virtual – Free

Farmland ownership is an underpinning of Midwest agriculture. In recent years, there have been sizable increases in the value of agricultural land as bidding for farms and their acres has been strong. With the pandemic spurring renewed interest, investment groups have been purchasing farmland as a way to diversify their portfolios. Moreover, farmers often rent ground from landowners who do not have roots in agriculture and live hours away from their farmland. What are the implications of these intersecting factors for midwestern farming? Join us on Tuesday, November 28, 2023, either in person or virtually, for an event where we will examine Midwest farmland ownership and trends related to investing in agricultural ground.

Through events like this, the Federal Reserve Bank of Chicago serves the public, fostering economic opportunity and advancing a strong economy for our region and nation.

Tuesday, 11/28/23
9:00 AM
Welcome & Opening Remarks
Speaker
Austan Goolsbee, President and CEO, Federal Reserve Bank of Chicago
9:15 AM
Session I: Farmland Trends and Ownership
Speakers
Todd Kuethe, Professor and Schrader Chair in Farmland Economics, Purdue University
Rabail Chandio, Assistant Professor, Iowa State University
10:45 AM
Session II: Emerging Issues in Farmland Ownership
Speakers
Wendong Zhang, Professor of Agricultural Economics & Agribusiness, Cornell University
Mykel Taylor, Associate Professor & Alfa Endowed Eminent Scholar, Auburn University
12:00 PM
Keynote Luncheon
Introduction
Leslie McGranahan, Senior Vice President, Regional Analysis and Community Development, Federal Reserve Bank of Chicago
Keynote
Anna Paulson, Executive Vice President and Director of Research, Federal Reserve Bank of Chicago
1:30 PM
Session III: Panel on Farmland Investment
Moderator
David Oppedahl, Policy Advisor, Federal Reserve Bank of Chicago
Panelists
Martin Davies, Global Head of Nuveen Natural Capital, Nuveen
Doug Hensley, President of Real Estate Services, Hertz Farm Management, Inc.
Bob Stewart, Stewart Farms
Brandon Zick, Chief Investment Officer, Ceres Partners
2:45 PM
Closing Remarks
Speaker
Rick Mattoon, Vice President and Regional Executive, Detroit Branch, Federal Reserve Bank of Chicago
3:00 PM
Adjournment

Midwest Agriculture Conference

Farmland ownership is an underpinning of Midwest agriculture. In recent years, there have been sizable increases in the value of agricultural land as bidding for farms and their acres has been strong. With the pandemic spurring renewed interest, investment groups have been purchasing farmland as a way to diversify their portfolios. Moreover, farmers often rent ground from landowners who do not have roots in agriculture and live hours away from their farmland. What are the implications of these intersecting factors for midwestern farming? The Chicago Federal Reserve Bank on Tuesday, November 28, 2023, held an event that examined Midwest farmland ownership and trends related to investing in agricultural ground.

Through events like this, the Federal Reserve Bank of Chicago serves the public, fostering economic opportunity and advancing a strong economy for our region and nation.

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Federal Reserve Bank of Chicago, 230 South LaSalle Street, Chicago, Illinois 60604-1413, USA. Tel. (312) 322-5322

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