AgLetter: February 2006
Last Updated: 02/28/06
Capping the strongest two years of growth since the 1970s, the annual increase in farmland values was 10 percent in 2005, based on surveys completed by 258 agricultural bankers in the Seventh Federal Reserve District. The quarterly gain in the value of “good” agricultural land for the District was 2 percent in the fourth quarter of 2005. Just under 30 percent of the respondents expected farmland values to increase in the first quarter of 2006 and almost 70 percent expected them to remain stable.