AgLetter: November 2000
Farmland values in the Seventh District inched upward
during the third quarter of 2000, according to a survey of
368 agricultural bankers. An increase of 1%, on average,
in the third quarter (July 1-October 1) compared with a
similarly modest gain in the second quarter. On a year-toyear
basis, however, farmland values were reported up 7%
from the October 1, 1999, survey. This constituted the
largest year-to-year increase since the 8% gain in the second
quarter of 1998.
