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

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

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

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

Farmland, News Desk

Downward Trend in Corn Belt Land Values Comes to a Halt


Farmland values in the Seventh Federal Reserve District remained steady in the first quarter of 2017, a welcome development that ended a two-year slide in land values in the Midwest. As the chart below demonstrates, this newfound stability applied to both the previous quarter as well as to the change in dollar value from the same quarter in 2016. – The Editors

NATIONAL — TREND
Nearly 90 percent of agricultural lenders nationwide have seen an overall decline in farm profitability over the last 12 months, according to a survey by the American Bankers Association and the Federal Agricultural Mortgage Corporation.
Lower commodity prices for staples such as corn, soybeans, and beef are part of the problem. So too are brutal farmland conditions, especially in North Dakota, where severe or extreme drought conditions are hammering much of the state.
MIDWEST — FOCUS
Of the 198 bankers in the Seventh District who responded to the Chicago Fed’s survey, a majority predicted farmland values would continue to remain stable throughout 2017. According to Senior Business Economist David Oppedahl, this marks “a shift from the sentiment that farmland values would continue to decline held widely a year earlier.”
On the downside, repayment rates for non-real-estate farm loans fell compared with 2016.

Go to www.ChicagoFed.org to download a complete copy of the Seventh Federal Reserve District’s AgLetter.

READ MORE

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
Please sign me up to receive breaking news and updates from The Land Report:
Print & Gift
Subscriptions Available

RELATED ARTICLES

The Land Report Default Featured Image
Landmarks

Tour the Flying D With Ted Turner

Want an opportunity to meet the top gun on The Land Report 100 on one …

Timberland

2018 Timberland Deal of the Year

By Cary Estes What many are touting as the timberland transaction of the decade actually …

News Desk

The Land Report Top Ten: Winter 2018

From the East Coast to the West and even out to Hawaii, our TOP TEN …

Copyright © Land Report LLC. All rights reserved.

Contact to Listing Owner

Captcha Code