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Iowa farmland values rise but rate slows amid lower crop prices
A Chicago Fed survey shows Iowa farmland values up 20 percent year over year to early 2013 with a slower 3 percent rise in the first quarter. District wide, five states saw 4 percent quarterly gains and 15 percent year over year, while Michigan posted the largest quarterly and yearly increases. Bank lending conditions improved and farmers expect values to hold steady or rise modestly as crop prices ease.
MENTIONED IN THIS ARTICLE
Federal Reserve Bank of Chicago
Iowa
Illinois
Indiana
Michigan
Wisconsin
David Opedahl
Chicago Fed
Opedahl
USDA
George C. Ford
the Gazette
Edgewood Road
Cedar Rapids