AgLetter: February 2007
Last Updated: 02/15/07
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.