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AgLetter, No. 1910, November 2000
AgLetter: November 2000
Farmland values in the Seventh District inched upward during the third quarter of 2000, according to a survey of 368 agricultural bankers. An increase of 1%, on average, in the third quarter (July 1-October 1) compared with a similarly modest gain in the second quarter. On a year-toyear basis, however, farmland values were reported up 7% from the October 1, 1999, survey. This constituted the largest year-to-year increase since the 8% gain in the second quarter of 1998.

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

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