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AgLetter, No. 1941, August 2008
AgLetter: August 2008
Farmland values in the Seventh Federal Reserve District rose faster in the second quarter of 2008—with both a 15 percent increase relative to the second quarter of 2007 and a 3 percent increase relative to the first quarter of 2008. The survey of 202 agricultural bankers covered the period from April 1, 2008, through June 30, 2008. Thirty-five percent more of the responding bankers expected farmland values to move up rather than down in the third quarter of 2008.


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

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