The value of "good" Corn Belt farmland rose 10% in the third quarter of 2010 versus a year ago, reports the Federal Reserve Bank of Chicago. Its quarterly survey found values jumped 3% during the third quarter compared to the previous quarter. The bank said values surged 13% on an annual basis in Iowa; jumped 11% in Indiana; rose 10% in Michigan; gained 8% in Illinois, and increased 3% in Wisconsin. .
The bank survey also found 48% of respondents expected farmland values to rise during the final quarter of 2010 while 49% expected farmland values would remain stable in the fourth quarter.
Click here to full the full report.
If interested in seeing a copy of my LandOwner newsletter, just drop me an email at firstname.lastname@example.org or call 800-772-0023.
Owning stocks and grains
Hog & Corn Comments – 11/18/10 Feeds showing more signs of strength