Rising Farmland Values: Causes and Cautions
On November 15, 2011, the Federal Reserve Bank of Chicago held a conference to explore the factors contributing to large increases in agricultural land values and cash rental rates in the Midwest. Farmland values increased 16 percent from a year ago in the first quarter of 2011; 2011 cash rents for farmland increased 16 percent as well. At the conference, experts from academia, industry and policy institutions will present research on the causes of rapid increases in agricultural land values and cash rents, as well as their interrelationship. The goals of the conference include analyzing demographic and geographical characteristics of Midwest farmland ownership; understanding the dynamics of farmland valuations; assessing the risks facing agriculture and the banking industry from rising farmland values; and discussing policy implications for agricultural lending stemming from current farmland trends. Check back in the near future for additional details.
Mark Pearson will take you on an entertaining journey – a look ahead at the outlook for farmland values. He'll explain where we are headed, and how commodity prices, global trends, consumer trends and other factors are contributing to the changes in land values.
Farmer, small businessman, stockbroker and raconteur, long-time Market To Market host Pearson has earned a national reputation for his agribusiness and rural issues acumen. A former Assistant Secretary of Agriculture for the State of Iowa, Pearson's long career in the media culminated with his being named host of Market To Market in 1991. Since then, Pearson has kept viewers informed as host of more than 600 editions of the "Weekly Journal of Rural America."
A retired officer in the Naval Reserve, Pearson lives on a farm in central Iowa, where he raises grain and livestock.
Last Updated: 10/11/2011
Reservations: Please call member services at (212) 575-0006 during business hours and identify yourself with the Federal Reserve Bank and use group code FRBNOV.
Rate: $124 + 15.4% hotel occupancy tax for standard room; club size room is also available at $109 + 15.4% hotel occupancy tax.
Cut-off date: October 7, 2011 Please reserve your room in a timely matter to ensure availability. Reservations made after the cut-off date will be subject to availability.
Club Quarters, Central Loop is located at the corner of Adams and Clark Streets beside the famous Rookery Building and in the center of the Central Loop, just minutes from Michigan Avenue. It is just one and 1/2 blocks from the Chicago Fed and a short walk to the Symphony Center, the Art Institute, Board of Trade, the Willis Tower, the River Front and Grant Park. It boasts the popular Elephant & Castle Pub and Restaurant, serving a combination of British classics and North American favorites coupled with a list of over 100 beers and an extensive list of Scotch whiskeys. Each floor features complimentary chilled bottled water to go. For other amenities, please visit their website.