• Print
  • Email

AgLetter, No. 1946, November 2009
AgLetter: November 2009
The agricultural sector continued to deal with challenging circumstances in the third quarter of 2009, as evidenced by agricultural land values falling 4 percent below those of the third quarter of 2008 in the Seventh Federal Reserve District. However, the value of “good” farmland increased 2 percent relative to the second quarter of 2009, according to 225 replies by agricultural bankers to the October 1 survey. Forecasts for farmland values in the fourth quarter of 2009 were down, with respondents expecting lower demand to purchase farmland by both farmers and nonfarm investors.
Having trouble accessing something on this page? Please send us an email and we will get back to you as quickly as we can.

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

Copyright © 2020. All rights reserved.

Please review our Privacy Policy | Legal Notices