AgLetter: August 2009
Farmland values for the second quarter of 2009 were
3 percent lower than a year ago in the Seventh Federal
Reserve District. However, there was no change in the
value of “good” agricultural land in the second quarter
compared with the first quarter of 2009, according to a
survey of 219 agricultural bankers covering the period from
April 1, 2009, through June 30, 2009. Almost 30 percent of
the responding bankers expected farmland values to fall
in the third quarter of 2009, whereas 71 percent expected
stable farmland values.
