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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.
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