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Indiana, Wisconsin Bolster Corn Belt Land Values

The American Farmer did it again in 2016: besting all-time records for corn and bean production. The increased volume almost compensated for falling commodity prices. Almost. — The Editors NATIONAL – TREND At 15.1 billion bushels, US corn production in

The American Farmer did it again in 2016: besting all-time records for corn and bean production. The increased volume almost compensated for falling commodity prices. Almost. — The Editors

NATIONAL – TREND

At 15.1 billion bushels, US corn production in 2016 jumped 11 percent over 2015 to set a new record. Soybeans enjoyed a similar uptick to 4.3 billion bushels, a gain of nearly 10 percent over 2015.

Plentiful supplies of corn and soybeans put a downward pressure on prices. But lower prices also stoked export demand. In fact, soybeans exports reached an all-time high.

MIDWEST – FOCUS

Of the 192 bankers who responded to the Seventh District’s survey, nearly 60 percent predicted farmland values to remain stable. More than 40 percent forecast a decrease in farmland values.

Download a complete copy of the Seventh Federal Reserve District’s AgLetter at www.ChicagoFed.org.

Posted in Agriculture, Equities, Farming, Feature, Federal Policy, Illinois, Indiana, Iowa, Midwest, News Desk, Ohio, Wisconsin

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