News Desk

Farmland Spikes

Farmland Spikes

Economists at the Kansas City Fed and bankers in the Tenth District report robust 4Q 2011 ag numbers.The Editors

“Farmland values soared higher, reaching all-time highs across much of the District in the fourth quarter.”
“Nonirrigated cropland values in the Tenth District jumped almost 9% during the last three months of 2011 and were 25% higher than year-ago levels.”
“This trend led ‘an increasing number of absentee landowners’ to put ‘their farms up for sale and attributed much of the auction activity to landowners seeking top-dollar prices.’”

Jason Henderson, Omaha Branch Executive
Maria Akers, Associate Economist

“With current price levels, many older landowners are cashing out.” – Eastern Nebraska banker
“Land prices and cash rents are highly dependent on irrigation capacity.” – Western Oklahoma banker
Source: Kansas City Fed’s Survey of Tenth District Agricultural Conditions
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