Ag in the AM: Farmland Values Increase at Slower Pace

Posted on: 7:13 am, August 22, 2012, by


CHICAGO, Illinois –  The Drought of 2012 has slowed but it hasn’t stopped the increasing worth of Iowa and Illinois crop land.


Midwest farmland value is up 15-percent compared to this time last year

The Federal Reserve Bank of Chicago says he value of “good” farmland is up 22-percent in eastern Iowa.

It’s up 14-percent in northwest Illinois.

About a quarter of the banks in the Midwest also expect an increase in the third quarter as well.