Farmland, News Desk
- June 30, 2016
-
Views: 5
Corn Belt Sees Consecutive Annual Declines

The Seventh District registers back-to-back drops in farmland values for the first time since the mid-1980s.
NATIONAL — TREND
Two factors put downward pressure on row crops in 2015: record (or near-record) harvests; and the strong dollar, which slowed exports. The national corn harvest was the third largest ever, and soybean output set a new record.
On average, corn prices at the end of 2015 were 4 percent lower than 2014 and 17 percent lower than 2013 nationwide. The drop in bean prices was even more pronounced: 15 percent lower at the end of 2015 versus 2014 and 33 percent lower vis-Ã -vis 2013.
MIDWEST — FOCUS
Of the 199 bankers who responded to the Seventh District’s survey, nearly 60 percent anticipated agricultural land values to decrease in early 2016. None expected any increase in land values.
Download a complete copy of the Seventh Federal Reserve District’s AgLetter at www.ChicagoFed.org.
Warning: Undefined array key 0 in /home/domains/dev.landreport.com/public/wp-content/plugins/elementor-pro/modules/dynamic-tags/acf/tags/acf-url.php on line 34
Warning: Undefined array key 1 in /home/domains/dev.landreport.com/public/wp-content/plugins/elementor-pro/modules/dynamic-tags/acf/tags/acf-url.php on line 34
RELATED ARTICLES
Foreign Investors Own Major Stake in Maine
Foreign investors own an interest in 21.2 million acres of US forest and farmland, an …
Tenth District Farmland Values Weaken
Conditions for farm credit in the Federal Reserve’s Tenth District worsened in the third quarter …
2015 Land Report 100: Killam Family
No. 34 Killam Family 255,000 acres Nearly half the family’s holdings consist of Duval County …
Elk Creek Ranch Acquires Seven Lakes
For those who are passionate about outdoor pursuits, the next great adventure can’t come soon enough.