AgLetter: February 2001
Farmland values in the five Seventh District states continued
to increase, on average, during the fourth quarter of
2000. Based on a survey of 332 agricultural bankers, farmland
values rose just under 1% between October 1, 2000,
and January 1, 2001, an increase that compares with similar
gains in the second and third quarters of 2000. The end-ofyear
2000 survey also indicated that farmland value gains,
relative to end-of-year 1999, slowed to a 6% rate. Nonetheless,
this increase in farmland values was well above the
year-over-year gain reported at the end of both 1998 and
1999, when the District’s farmland values were up 1%.