• Print
  • Email

Last Updated: 11/30/2022

Rising Farmland Values: Causes and Cautions

On November 15, 2011, the Federal Reserve Bank of Chicago held a conference that explored 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 presented research on the causes of rapid increases in agricultural land values and cash rents, as well as their interrelationship. The goals of the conference included 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.

Mark Pearson
Host, Market to Market

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.

Tuesday, 11/15/11
8:00 AM
Registration and Continental Breakfast
9:00 AM
Welcome and Opening Remarks
David B Oppedahl, Business Economist, Federal Reserve Bank of Chicago
9:30 AM
Session I: Midwest Farmland Geography and Demography
Jennifer Ifft, Agricultural Economist, U.S. Department of Agriculture
Mike Duffy, Professor of Economics and Director of the Beginning Farmer Center, Iowa State University
10:30 AM
10:45 AM
Session II: Perspectives on Agricultural Land Value Trends
Brent Gloy, Associate Professor, Purdue University
Perry Vieth, President, Ceres Partners
12:00 PM
Lunch and Keynote: What’s Ahead for Agricultural Land Values?
Daniel G Sullivan, Executive Vice President and Director of Research, Federal Reserve Bank of Chicago
Mark Pearson, Host, Market to Market
1:15 PM
Session III: Risks Facing Farmland Markets
Bruce J Sherrick, Professor, University of Illinois at Urbana-Champaign
Jaclyn Kropp, Assistant Professor, Clemson University
2:15 PM
2:30 PM
Session IV: Panel Discussion on the Implications of Current Farmland Trends for Agricultural Lending
Mark Pearson, Host, Market to Market
Leland A Strom, Chairman and Chief Executive Officer, Farm Credit Administration
Jeffrey A Jensen, Assistant Vice President, Supervision and Regulation, Federal Reserve Bank of Chicago
Kim D Greenland, Market President, Great Western Bank
4:00 PM





Last Updated: 10/11/2011

Having trouble accessing something on this page? Please send us an email and we will get back to you as quickly as we can.

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

Copyright © 2024. All rights reserved.

Please review our Privacy Policy | Legal Notices