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AgLetter, No. 1919, February 2003
AgLetter: February 2003
The 2002 annual increase of 7 percent in the value of “good” agricultural land for the Seventh Federal Reserve District was the largest increase since 1997. The quarterly increase in farmland values remained 2 percent, on average, for the District, based on a survey of 370 agricultural bankers as of January 1, 2003. More bankers projected farmland values to rise over the next three months and fewer expected farmland values to go down.


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

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