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AgLetter, No. 1923, February 2004
AgLetter: February 2004
The 2003 annual increase of 7 percent in the value of “good” agricultural land for the Seventh Federal Reserve District matched the rise of last year, the biggest increase since 1997. Based on a survey of 284 agricultural bankers as of January 1, 2004, the quarterly gain in farmland values for the District was once again 2 percent, on average. Over half the bankers expected farmland values to increase over the next three months and very few expected farmland values to fall.


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

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