Sep 22, 2014
Home| Tools| Events| Blogs| Discussions| Sign UpLogin

Your Precious Land

RSS By: Mike Walsten, Pro Farmer

Mike Walsten has covered major business trends in agriculture for more than 40 years.

Corn Belt Land Values Post 3% Annual Decline But Remain Stable With First Quarter

Aug 28, 2009

Mike Walsten

Farmland values in Illinois, Indiana, Iowa, Michigan and Wisconsin slipped 3% on an annual basis in the second quarter of 2009. That's according to the quarterly survey of ag bankers conducted by the Federal Reserve Bank of Chicago. While values fell versus July 1, 2008, the survey found values held steady when compared to the first quarter of 2009. On an annual basis, farmland values in Iowa and Michigan lost the most ground, down 5% versus a year earlier, while those in Illinois and Wisconsin eased just 2%. Indiana, however, posted a 2% gain compared to July 1, 2008.

Looking ahead to the third quarter of 2009, most survey respondents anticipated farmland values to remain stable, the bank said. Only 1% of respondents forecast an increase in land values while 28% expected a decrease. Click here to read the complete report.

If interested in seeing a copy of my newsletter, LandOwner, just drop me an email at or call 800-772-0023.


Log In or Sign Up to comment


No comments have been posted, be the first one to comment.

Hot Links & Cool Tools


facebook twitter youtube View More>>
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by|Site Map|Privacy Policy|Terms & Conditions