Farmland values in the Seventh Federal Reserve District increased a little less than 1 percent, on average, between the end of June 2001 and the end of September. Data provided by 408 banks that responded to the Chicago Fed’s quarterly survey of farmland values and credit conditions also indicated that as of the end of the third quarter the value of “good” farmland had increased by nearly 5 percent, relative to a year ago. Both the quarter-to-quarter and year-ago-quarter changes were similar to those reported in the five previous surveys.