The 2006 annual increase in farmland values was 9 percent
for the Seventh Federal Reserve District, extending
the strongest stretch of gains since the 1970s. Based on
213 survey responses from agricultural bankers, the quarterly
rise in the value of “good” agricultural land was 5
percent in the fourth quarter of 2006. Almost 50 percent
of the respondents expected farmland values to increase,
as well as to remain stable, in the first quarter of 2007.