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AgLetter, No. 1917, August 2002
AgLetter: August 2002
The July survey of agricultural banks in the Seventh District, conducted by the Chicago Fed, indicated that average farmland values increased just over 1 percent from the end of March 2002 to the end of June. Data provided by more than 340 bankers showed that the year-over-year increase in the value of “good” farmland was close to 6 percent, on average. As is typical, the District average obscured substantial differences in the reported changes in farmland values across the five states of the District (see map and table below).


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

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