The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
Mike Walsten has covered major business trends in agriculture for more than 40 years.
The value of Texas dryland and irrigated cropland rose 5% and 12%, respectively, in 2010, according to the most recent survey conducted by the Federal Reserve Bank of Dallas. The bank, which serves all of Texas, northern Louisiana and southern New Mexico, found Texas ranchland values rose 4%. The bank survey found 22% of survey respondents expected farmland values to continue to rise in 2011 compared to only 3% who felt that way a year ago.
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